Longs: PM (68.00), HON (45.50 & Double Bottom), KLAC (34.00 & Support), AKAM (20.00), PCAR (35.00),
Breakouts: TJX <52.00, JNJ<64.00 (Trendline break), VLO < 21.50 (Trendline and Support break)
Shorts: GG (55.50)
Notes:
Very choppy market at these levels making it almost impossible to predict the next direction in the market, but if I had to make a guess I would say south cause of the direction of the trend and the breakout in the TLT. (GLD) Gold very dangerous at these levels with R/R favoring the short side, volume has contracted and a gap up is expected which should be filled to the downside. SPY and DIA look like one big bearish flag thats about to crumble.
COG
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