Friday's Game Plan

Longs: MCD (SAT@84.00 and 50 SMA also relatively very strong), JNJ (SAT@61.50 and Gap cover), AET (SAT@37.00 & 200 SMA), AXP (SAT@47.00 The level should hold first), QCOM (SAT@50.50 - 50.00), COH (SAT@ 57.80 & 200 SMA and also right below support).

Breakouts:TRV<53.00, WFC<25.25, GG<45.60, UAL<16.50, SNDK<38.75, KFT<33.75 Shorts: JPM, ALTR, XOM, KLAC, MS, C, NVDA, DOW< 30.25 Notes: Markets sold off very hard yesterday amid liquidity concerns, the markets are also oversold, but under these conditions, liquidity trumps all.Waiting for NFP today, which could is the catalyst today, under these conditions anything can happen. Things can easily overshoot. This market could do one of two things today, the first being a rally early in the morning and then a sell off after paniced investors sell their holding into the rally. Or, we get a sell off right off the gates, as panicked investors continue selling after a bad NFP number. OIH was the weakest sector yesterday along with commodities such as silver and gas. In other words, everything got teared yesterday, nothing was relatively strong. Yesterdays high and low are my reference points in this environment. MCD my best play of the day, strongest stock in my list after yesterdays sell off, thus making it relatively very strong. COH is my Joker play today, as it has the potential to fool people the most. VIX> 30.00, Caution is advised.