Monday's Game Plan

With geo-political events continuing to take place in Libya and some arab nations, market volatility has returned which was reflected by the VIX. Oil has also tested its key $100 level and is on the verge of taking it out. Commodities with oil in particular should exhibit volatility in Monday's session. Meanwhile, the SPY seems en route to resume its up trend. The key levels to watch on the SPY are 129.70 - 134.50. Any breach above or below those levels should signal continuation. Another strong sector is the SMH sector which I will pay particular attention to on Monday.

Longs:

VLO
ALTR
GG
HAL
KLAC
QCOM
DD
JNPR

Breakouts:

SLW>42.35
BHI>71.85
CHK(ID)
HON>58.00
TXN(ID)
BMY<25.10
COP(ID)

Shorts:

WDC
TGT
WMT