Wednesday, February 16, 2011

Wednesday's Game Plan

Nothing much happened yesterday, we had another choppy below average day. The picture hasn't yet changed, my bias is the same; long till prover otherwise. The Euro continues to demonstrate weakness premarket and that could be an indication that we will open lower. The levels that I watch in the SPY are 131.30 to the downside and 133.50 to the upside, anything in between is in the chop zone.

Longs:

SLW: Gap above the 50 SMA and held.
AEM: Gap above the 50 SMA and held
EBAY
JNPR
TRV
JPM

Breakouts:

URBN>38.00
IAG:21.50
DAL(ID)
KLAC:(ID)
EXPE(ID)
JCP:(ID)
COP(ID)
NOV(ID)
ALL<30.40

Shorts:

CSCO
SWN

No comments:

Post a Comment