Thursday, November 10, 2011

Thursdays Gameplan

Longs: MCD (92.00), GG (51.00), NEM(68.00), ALTR (36.00),

Breakouts: ABT<52.70, SWN<40.00, AXP<49.00, SNDK<48.50, PCAR<41.50, EBAY<30.70,

Notes:

3 Month Libor at new high

VIX@36.00

Higher opening likely today in the SPY given how price has been acting premarket. A higher opening would be ideal for my breakdowns. The VIX remains at elevated levels making this market ver volatile. Gold has taken a hit premarket making saturation longs ideal.

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