Longs: TRV (53.50), JCP (30.30), BA (64.00)
Breakouts: NVDA>15.00, WMT (IDB R=57.40 S=56.40), AXP (IDB R=46.25 S=45.50), DD (IDB R=46.00 S=45.00), MS>13.85, HON<50.50, BBY (IDB R=46.50 S=46.00), COP (IDB R=69.00 S=68.00), XOM<75.50, X (IDB R=25.00 S=23.50).
Shorts: SLW (32.50), COST (82.00)
Notes:
TRV - Ascending volume while narrowing range
JCP - Its a saturation long and not a breakout setup because the past few days had been declining on below average volume while approaching support. This makes the likelyhood of a successful breakdown minimal.
SPY - Its failure to breach 120.00 and cover the gap is bearish, and the longer we stay down higher, the higher the probability that we are heading south.
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