Monday, January 30, 2012

Mondays Gameplan

Longs: UAL, JCP, COST (81.00), KO(67.00),TAL (33.75), PM (75.00), GG (O.F)

Breakouts: SLW>36.00, CDE>29.00,SWN (R=32.75 S=31.00), LULU>64.50, UNH<50.25, LVS>50.50, COF>46.25, HON>58.50, SNDK<45.50, AMGN>69.50, WDC (R=37.25 S=26.50), INTC (R=26.85 S=26.60), LOW (R=27.15 S=26.75), ALTR (R=40.50 S=40.00)

Shorts: POT (47.50), JCP (42.00)

Notes:

IWM>QQQ>SPY>DIA

I expect the market to be stock specific today as we have 3 market moving indicators prior to the open (Core PCE, Personal Spending and Personal Income).

The market is poised to open lower today, I expect my stocks in the XLP sector to perform well today due to risk aversion along with my setup in TAL which is part of the strong XHB sector.

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