Longs:TJX, MCD (SAT@86.50), MS (SAT@21.85), DPS (SAT@38.00 & 200 SMA), VLO (SAT@24.80 & 200SMA & 50% retracement), JDSU (SAT@ 13.00), UAL (SAT@17.00)
Breakouts: QCOM<54.50 (HBO), KO<68.50 (HBO), AXP<50.50, UNH<50.00, COF<47.50, JNJ<64.75
Shorts: BBY
Notes:
TJX 54.15 is a possible saturation gap fill. MS possible gap fill and saturation at 21.85.
Breakdowns is what I am looking at today.
All saturation plays should be confirmed by the tape today given the choppy market environment also the fact that todays friday and no one knows what will happen over the weekend should be taken into consideration in these times of uncertainty.
Out of the indexes, NASDAQ strongest followed by the S&P 500 and the DOW.
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