Saturday, April 21, 2012

Mondays Gameplan

Longs: SNDK (SDP), C  (33.80), BRCM (34.50), MCP (29.50), M (38.80), AKAM (37.00), FCX (37.50)

Breakouts: MS<17.20, BBY<21.25, JCP<33.00, KO>74.50, A<41.75

Volatility: BAX (54.75 53.75), SBUX (60.00 59.00), CREE (30.80 30.00), TIF (67.50 65.50)

Shorts: ALTR (SDP), DOW (35.50)

Notes:

I have a ton of setups for Monday, should be careful to NOT overtrade and be as selective as possible.

GLD set to explode (160.00 159.00). GDX heading south.

Very obvious upthrust in OIH and XLE.

QQQ & AAPL look like they want to saturate.

Shanghai Composite still rallying after I wrote this.

IYR about to breakout (XHB).

UUP<21.90 is bearish for the dollar and bullish for stocks.

TLT>117.50  is bullish treasuries.





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