Friday, September 16, 2011

Fridays Gameplan

Breakouts: BYY (26.00), PCAR>39.00, XOM>74.50, SBUX>39.50, JDSU>13.75, XRT>50.25, XOP>54.00

Shorts: BBY (26.00), ALTR (38.50 & 50 SMA), WAG (37.50)

Notes:

QQQ at 200 SMA and is the strongest out of the SPY and DIA.

Yesterdays up move was on ascending volume suggesting that the upmove could continue before any reversal takes place.

Todays is options expiry and the 30th will be quaterly expiry. Choppy market expect today.

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