Geopolitical events continued to affect the market over the weekend, this in return will surely cause the SPY to open out of balance today. At the moment the futures is trading lower than Fridays close. This being said, any selling today is due to a geopolitical event and could be met with buying. The strongest sector last weak was the commodities sector and silver in particular.
Longs:
SLW
ORCL
TJX
CMCSA
BA>73.00
HON
XOM
KLAC
SLB
DD
Breakouts:
COH>58.60
JPM>48.20
MMM>93.00
JCP(3ID)
HPQ(ID)
NVDA>26.00
CHK
JNPR
HAL
ALTR>42.00
Breakdown:
FCX<52.30
BRCM<42.00
Shorts:
BBY
PCAR<52.00
CNX
TGT
AKAM
NTAP
Longs:
SLW
ORCL
TJX
CMCSA
BA>73.00
HON
XOM
KLAC
SLB
DD
Breakouts:
COH>58.60
JPM>48.20
MMM>93.00
JCP(3ID)
HPQ(ID)
NVDA>26.00
CHK
JNPR
HAL
ALTR>42.00
Breakdown:
FCX<52.30
BRCM<42.00
Shorts:
BBY
PCAR<52.00
CNX
TGT
AKAM
NTAP
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