Friday, September 23, 2011

Fridays Gameplan

Longs: DOW (22.50), UTX, HON (42.00), ALTR, WFC, GG (47.00), WLP (63.00),

Breakouts: AET<37.50, ABT>51.00 (HBO gapfill), DPS>38.50, SWN<34.00, CHK (27.00), COST>83.50

Notes:

Any longs should be with a confirmed bottom

Trade less size and book into momentum will be my tactic for the day

It is Friday, a higher open in the SPY will probably signal a gap fill day

DOW at yearly support

UTX is at serious suppot, weekly 200 SMA and weekly support.

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