Longs:JDSU, UNH (48.00), SBUX, SNDK (42.50)
Breakouts: DOW<25.50, C<25.50, DD<43.50, MCD<87.50,
Shorts: HAL, JPM, MS
Notes:
OIH, XLE, XOP was pummeled yesterday - XLK, QQQ, SMH were the ones that held up the best and demonstrated clear relative strength
XLF and XLB were also very weak yesterday
I should have wait till after the FOMC statement to trade aggressively yesterday
Unemployment claims today
TLT had a massive up day yesterday after the fed confirmed that they would be buying bonds instead of shorter term debt instruments
In order to catch these falling knives and play them long, I HAVE to see it bottom
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