Wednesday's Game Plan

Agian the market trader in a very tight range but managed to close above 119.00, the SPY closed at 119.47 above previous consolidation. The QQQQ's and DIA also closed in similar fashion however, it is important to note that volume was very low and the spread was narrow. We need to take out 119.85 in the SPY convincingly before we can safely say that this market is strong again. XLF also needs to break out of its range as the market won't go anywhere if the financials are consolidating.

Longs:

HUM

LOW

UNH

EBAY

*AXP

*ABX

*UAL

Breakouts:

MGM

VZ > 33

WMT> 54.85

ALL < 30

* KSS < 51.00

Shorts:

ABT