Sunday, August 7, 2011

Mondays Game Plan

Longs: C (SAT@31.00), NVDA (SAT@12.65), EBAY (SAT@28.50), COF (SAT@41.00),

Breakouts: EBAY<28.00, UAL<16.50, SNDK>40.00 (HBO), AXP<46.50, GG>46.85 (HBO),

Shorts: SWN, WFC<25.00,

Notes:

Market highly volatile, risk should be adjust according to the VIX and the stocks daily ATR.

VIX @ 32.00

XLP strongest sector, indicates defensivness from investors. The XLP also failed to breach its 200 DMA.

Oil te weakest sector in my list.

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