Tuesday's Game Plan

Well not much has changed the SPY as its still in its range 120.40 - 119.40. The market attemped to go below 119.40 but the market rejected lower prices sending prices back into the range. This false breakout was bullish. If the market open inside this range, the market will be choppy. However, if we breakout of this level I expect to see some volatility. SMH as it a key level of resistance at 31.30 and a break could send the entire tech sector up. This being said, XLF was the weakest sector yesterday signaling a disconnect between tech and financials. When ever these two are not in sync, the market tends to become choppy.

Longs:

SNDK
HUM
JCG
BBY
BRCM
ALTR
COST
SLB
KO
USB
HAL

Breakouts:

MCD>79.90
TRV<54.50
ALL<29.60
EXPE<25.40

Shorts:

ABT
ZION