Longs: CELG (71.50), NVLS (47.00), JAZZ (48.00), CDE (27.00), NVDA (15.75), KLAC (49.50), RIMM (15.25), BHI (47.50), TAL (34.00), DNDN (RDR), X (29.00), HAL (36.00),
Breakouts: AMGN (IDB R= 67.40 S= 66.80), UNH>53.50, SWN (IDB R=34.00 S=33.15), WLP (NR7 R=64.50 S=64.00),AXP>52.50 (HBO), UAL (NR7 R=24.00 S=23.50), KSS>50.50, XOM<83.25, WDC (NR7 R=38.80 S=28.80), AET>46.00, PCAR<42.75, SNDK<46.00, C (IDB R=33.25 S=32.75 PSZ)
Shorts: COH (RDR)
Notes:
Looks like gold, staples and healthcare are ready to go.
VIX@ $20.70
QQQ>DIA>SPY>IWM with IWM being the weakest at this point and QQQ being the strongest.
No major US economic releases on Monday.
Everyone is bullish, sentiment is that the Fed will save everyone should the market roll over. This is bearish.
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