Coming into today I expected a choppy range bound day and that is exactly what we got, a minor new high a stab at the lows and a return to the range. I read the following on twitter which may explain why we had such a nice bounce “HCPG RT @dinosaurtrader: the 60 ema and uptrend line since late Feb right around 114.40 an interesting spot. <-- Very nice daytrade call $$” Low of the day in the SPY was 114.41, nice daytrade call indeed.


My BAC 17 call worked pretty well as did the PXD 50 alert. But AAPL 225 was a disappointment. The volume in AAPL today and in this extended tape it did not have what it took to take AAPL to another level. This is just another reason why I continue to be cautious until there is a catalyst to really push this market higher.

Again I have a small alert list that consists of break out longs and again I do not love them. The following may be actionable tomorrow but be cautious and look for good volume, a nice base, relative strength and use reasonable stops.

cat 60 long

ccj 28 long

cern 85 long

csx 50 long

genz 58 long

infy 60 long

life 52.5 long

mtb 80 long

wfsl 20 long