Wednesdays Game Plan

Yesterday, the market happed down and attempted to retrace back into the previous range but failed. To me, the rally yesterday looked like short covering took place and unless we are able to breach back into the 129.50 area we remain down. I expect us to see a choppy day today unless we trade below 126.60 and there for my expectation remains at a minimum booking my profits into momentum.

Longs:

COF
WLP
CHK
SBUX>36.00
TRV

Breakdowns: HPQ<40.50

Shorts:

JNJ
DOW<35
INTC
USB
HD