Tuesday, January 31, 2012

Tuesdays Gameplan

Longs: SLW, SBUX, VLO, NVLS, CDE, PM (74.50), WDC

Breakouts: LVS>49.75, WFC (R=29.30 S=29.00), TRV<57.50, ANR (R=21.30 S=20.70), C (R=30.50 S=30.00),LULU>64.50, WLP(R=65.00 S=64.00), ALTR (R=40.00 S=39.50), SNDK (R=46.50 S=45.50)

Shorts: UAL (23.00), RIMM (17.00)

Notes:

I took out JNPR cause it doesnt look too good. AXP was also taken out as a breakdown trade after I found that the 200 SMA was just around the corner and would justify the r/r ratio, the 50 SMA also 50 cents below the 200 SMA.

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