Thursday, October 20, 2011

Thursdays Gameplan

Longs: COST

Breakouts: TJX>58.50, MCD>91.00, JCP (IDB R=31.80 S=31.00), WAG (IDB R=34.00, 33.00),
KSS (IDB R=52.70 S=51.90), CPX>31.50, SWN (IDB R=40.25 S=39.40), RIMM<22.20,

Notes:

SPY possible three drives pattern on the hourly 119.00 is the breakdown level. A break and hold above 123.50 would invalidate the idea.

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