Longs: ADSK (SAT@38.00) , ALTR (SAT@44.00), AKAM (SAT@30.00), NVDA (SAT@17.00)
Breakouts: UNH>51.00, AET>44.00, KLAC< 40.00, DOW<34.85
Shorts: GM (SAT@29.50), HD, AXP, COST (SAT)
Notes:
The SPY bounced yesterday as we saw short covering, the rally was on low volume and the market sold off later in the day. Technology was the weakest sector yesterday as it didnt really bounce with the rest of the market. I have saturation plays in the sector today as I wait for a bounce to occur. Commodities and gold was the strongest yesterday.
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