Breakouts: NVDA>16.00, SNDK>46.50, CPX>29.50, IAG>20.50, ARUN>24.00, TWC>70.00, KLAC (IDB R=44.00 S=43.50), M IDB (R=28.80 S= 28.00), PCAR>39.00, ADBE>26.25, NTAP (IDB R=39.25 S=38.50), DIS (IDB R=33.75 S=33.25),
Notes:
No obvious shorts and longs today, most of my plays are either IDB's or breakots. I will let the market tell me where it wants to go today as it has been choppy here recently and given today is a Friday, I will trade with caution.
The level to watch in the SPY is the 122.00 to the upside and 119.00 to the downside.
XLK-XLY-XOP Strong
XLF-XLB Weak
EUR/USD 3 day high at 1.3830, if taken out next resistance at 1.3950.
Premarket markets are poised for a higher opening.
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