Friday, October 7, 2011

Fridays Gameplan

Longs: HAL, SLW (31.20 being the flag level and being the PBZ)

Breakouts: CIEN (HBO 12.00), NVDA >14.25, TWC >68.40, AKAM >23.00, SNDK >44.00, COST <68.50 Shorts: COH (57.00 - 200 SMA - with 58.00 being the PSZ), MS (Weak sector - 3 day saturation 15.50 being the level to watch - 3 up days on declining volume and range with volume being above average - this could go sideways), WFC (3 day saturation - PSZ - 25.50), JCP (Saturation in a bear flag after two pin bars at the top of the price range)

Notes:

NFP

Should the SPY open higher, I will be looking for at my saturations and breakout trades. Should the SPY open lower, I will be looking at yesterdays high and potential breakout trades, if it heads lower after opening lower I will be looking at break down trades and shorts.

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