Fridays Gameplan

Longs: VIAB, XOM

Breakouts: WDC>33.25, MS>16.30, ESRX>48.50, HON>56.00, RIMM (IDB R=15.30 S=15.00), COP>74.00, NTAP<34.50, POT (IDB R=43.50 S=42.70)

Shorts: NVDA (15.00), LULU (63.25 & 50% retracement level), SNDK (49.50 & 50 retracement level), ESRX (48.50), AET (44.00),SWN (33.75)

Notes:

It looks like a 50/50 bet here today, it will all depend on the NFP number. We could get a saturation short as some of these stocks look extended or we might get a violant breakout to the upside especially if the SPY manages to take out 128.50.

My four scenarios for today are:

A down open with a push down will negate all my ideas except for the IDB.

A down open with a push higher will probably trigger my breakouts which will might cause a violant breakout.

A higher open with a push lower will trigger my saturation plays.

A higher open with a push higher will trigger my breakouts.