Tuesday, February 8, 2011

Tuesdays Game Plan

Yesterday the markets continued to grind up on low volume. The most significant sector yesterday was the financials, the strength in financials followed by the strength in technology the day before are strong factors indicating that the bullish run is still on. I will be very cautious though, as this move has been on below average volume in both sectors. This grind up will sooner or later run out of gas and I dont want to be overly exposed when that happens.

Longs:

MET
COH
MS
NOV
XOM
TJX
CIEN

Breakouts:

JPM> 46.00
COF>50.00
NTAP>59.80
COST (ID)
TRV>57.60
AMGN<54.75

Shorts:

SNDK
CELG

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