Friday, September 30, 2011

Longs: ALTR (33.00), SNDK (40.00), UNH (45.50), SLW (30.00), COST (82.00), COF (40.00), AXP (45.50)

Breakouts: VLO<18.00, MCD>91.00, PEP>63.50, XOM>75.00, DPS>38.50,

Notes:

Just got back from my fathers funeral, I am not in the zone yet. Will trade tier 1 at most, and will avoid the market if I dont find a read.

SPY in the middle of no where doing nothing and will probably open lower making my saturation longs my prefered play for the day.

Eur and AUD under selling pressure with the AUD/USD at a key support level at .9700 where if broken could find accelerated selling.

Strongest sector this week was the financials despite negative news on MS. The weakest was the services and Technology sector.

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