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
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
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