Longs:SWN (SAT), JCP (SAT), PNC (SAT), A (SAT), COH(SAT), TJX
Breakouts: AKS, PCAR<56.50, JCP<33.50, HOG<36.00, DOW<35.00, PNC < 60
Volatility:
Shorts: STI, ORCL, WDC, DIS
Notes:
A (SAT) @ 48.00
COH (SAT) @ 62
TJX (SAT) 52.00
Breakouts: AKS, PCAR<56.50, JCP<33.50, HOG<36.00, DOW<35.00, PNC < 60
Volatility:
Shorts: STI, ORCL, WDC, DIS
Notes:
Yesterday for the first time in a long time we saw a broadbased down move where the SPY sold on above average volume and was down 2.25% by the end of the day. This move caught investors off guard as the market had rallied for four consecutive days before selling hit the market. All sectors were down by the end of the day, especially the financials that took a hit.
JCP (SAT) @ 33.50
PNC (SAT)@ 58.50 with 20% level confluence and 200 SMAA (SAT) @ 48.00
COH (SAT) @ 62
TJX (SAT) 52.00
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