Yesterday we saw some broadbased selling across all sectors as profit taking and geopolitical events took their toll on the markets. This being said, we are still in a bull market. One down day doesnt change the trend. I will continue to look for longs after the open unless the market sells off on my face. Then I'd probably do nothing, I wont short this market just yet. Selling has been met by buying when ever the market went down. Technology with the QQQQ's and the financials were pretty weak yesterday, I will be looking to see if that weakness persists today.
Longs:
XOM
GG
TRV
EMC
HPQ
Shorts:
BBY
SWN
CNX
MRK
TGT
PCAR
AKAM
STT
BRCM
FCX
KGC
WFC
Breakouts:
SLW>42.35
Longs:
XOM
GG
TRV
EMC
HPQ
Shorts:
BBY
SWN
CNX
MRK
TGT
PCAR
AKAM
STT
BRCM
FCX
KGC
WFC
Breakouts:
SLW>42.35
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