Longs:XOM (84.00), JCP (37.50)

Breakouts: WDC>40.50, POT>44.00,C>34.75, MCD<96.50, RIG>54.50, FCX<38.75

Shorts:VLO, CELG

Notes:

The retail sector was the strongest last week, with the XLF remaining strong and on the verge of a breakout.Gold, agriculture, commodities, basic materials were all weaker than the market last week.

On the credit front, the UUP was strong last week and closed ahead of the FXE, HYG, TLT and LQD. UUP is also on the verge of a breakout, this could be a bearish sign for equities.

As for the economic indicators set for today, its kinda quite, overall we only have 1 indicator in the Federal Budget Balance. Most important economic indicators will take place tomorrow including the FOMC meeting, core retail sales and retail sales.As for the quant studies, they seem to be mixed. We will be getting POMO buying on 3 days this week Monday, Wednesday and Thursday. We will get selling on Friday, on tuesday the Fed wont buy or sell. Bias remains long as the trend is still intact at this point and until proven otherwise, long trades are my preference.