Thursday, November 4, 2010

Thursday's Game Plan

The market was pretty volatile yesterday with many reports that came out towards the end of the day. However, the SPY managed to close above its key 119 level with conviction and on above average volume. The SPY closed at 119.95, 5 cents off of 120.00.The financials particularly caught my eye as they demonstrated strength. I am expecting to have an bullish market today and I will be paying extra attention to my longs.

Longs:

JNPR: A long

BK

HPQ

TWC

WFC

TXN

CHK

SLB

ALTR

AXP

Breakouts:

VZ > 33.00

Shorts:

ABT

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