I didn’t post on Sunday and Monday because of some technology and personal issues I had to deal with but ahead of the Fed meeting I didn’t really think there was much to say anyway. Now with it behind us hopefully we can get some more volume and action back on this market. The rest of the week brings PPI, CPI, jobless claims, leading indicators and the philly fed survey all before quadruple witching Friday. So hopefully something in there will help.


I just read that we set a new record; the SPY is up 13 days in a row. But it hasn’t been a good tape for breakout trading. Things have been a little sloppy and the volumes have been light. The market still looks pretty good to me but some consolidation would probably do us a world of good.

All of my alerts tonight are longs but again I am going to be very picky with them due to the extended nature of this market. These spots may end being good targets or a place to fade the move after a failed breakout.

arp 8

ato 29

au 38.5

gymb 52

jbl 17.75/18

oii 65

tii 19

vrsn 27

vrtx 44

oih 128

xhb 17