Mondays Game Plan

On Friday the market sold off during the first few hours and then recovered some of the losses during the last hours of tradng. Little has change in the market, the key levels in the SPY remain intact and the market remains in balance. The key levels are 134.70 to the top side and 129.75 to the bottom side. As long as we remain in between those levels I remain in momentum  mode, booking profits more aggressively. Looking at the strongest sector from last week, Silver was the strongest followed by the Healthcare sector, and as for the weakest Major Airlines was the weakest.

Longs:

ALTR
JDSU>29.00
GG
SLW
ABT
UNH
WLP
TRV

Breakouts:

KLAC
JNJ>61.50
EMC>27.40
CHK(ID)
NVDA(ID)
KO>66.00
TWC>72.50
COF<48.00
HPQ<42.00
BK<29.90

Shorts:

UAL