Friday, January 20, 2012

Longs: MOS (53.50)

Breakouts: NTAP>38.00, JCP>36.00, HAL>36.85,PCAR>44.25, JPM>37.00, AXP (IDB R=51.00 S=50.25), SBUX (IDB R=48.00 S= 47.70), AMGN (R=69.50 S=68.75) CDE>37.00, LULU<60.00 (HBO), Shorts:NVDA (14.50), KLAC (51.50), XOM (67.00), HON (58.50), X>29.00

Notes:

Today is options expiration, expect some choppy price action back and forth, IDB and breakout trades might be pretty choppy. If the market doesn't demonstrate clear order flow, I bail out early.

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