Sunday, December 18, 2011

Mondays Gameplan

Longs: MS (15.00), BBY (23.00)

Breakouts: SLW( IDB R= 29.25 S=28.50), UAL>22.00, X>26.25 (HBO), TSO>22.50, CHK<22.50, KO>67.75, NVDA<13.50, FCX<36.50, PM>76.75, AKAM<26.25, GDX>53.25,

Notes:

BBY will soon explode.

USD strong as the SPY continuous to consolidate, I don't expect it to take out either extreme this due to the holidays. Should it take out either extreme, I expect prices to reverse and revert back to the mean.

VIX is holding below its 200 SMA at 24.29

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