Longs: XOM
Breakouts: C>28.25, BBY>26.00, HAL>35.75, SLW>31.75, SBUX>42.00, M>28.00, HON>48.00, ADBE>26.00, SO>43.00, COH (IDB R=59.80 S= 58.60), ARUN>24.00, KLAC>43.00
Shorts: AXP (46.00), DOW (27.00)
Notes:
XLK, XRT, XOP, XLE, OIH - Strongest sectors
XLF - Weakest
XLP, XLV, GLD - Weakens as risk appetite grows
TLT on the verge of a breakdown below 116.00 signaling that bonds are about to sell off, while the DX dollar index is also about to re-enter its previous range in support of more risk apetite.
SPY about to break its upper trendline from the 31st of August after touching it 9 times.
Given the facts above, the market seems to be at an inflection point.
Best idea: BBY
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