In yesterdays price action we saw the SPY break out of its previous days range and close above it. Yet, the close towards the end of the day signaled selling taking place, on volume higher then the volume demonstrated during the morning rally. This is a warning sign. In currencies the USD is weak across the board, they the EUR/USD getting close to taking out its range since November. The market today could go either way, but having the SPY close above its previous days range and having the EUR and GBP strong I am favoring the bulls side.
Longs:
XLF(JPM,MS.COF,HIG,BK)
NTAP
MET
DOW
VLO
HON
XOM
VZ
Short:
TJX
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