Thursday, June 23, 2011

Thursdays Game Plan

Longs: BBY (SAT), PM (SAT@66.50). D (SAT)

Breakouts: MCD>83.00, A>50.00 (HBO)



Shorts: CIEN (SAT@18.00), GG (SAT@50.00), SBUX (SAT@27.50), TSO, C, TXN, SU

Notes:

The SPY saturated yesterday after the FOMC minutes. The down trend is set to continue today as I expect the lows to be tested, a decline on low volume would indicate that the selling has ended. Premarket the EUR/USD.

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