Sunday, April 11, 2010

Choppiness was the order of the day Friday with a small hook up at the end. Retailers, metals & miners and consumer discretionary were the winners with soalrs, the dollar and crude trailing. I expect much the same on Monday with a light economic calendar and earnings kicking off after the close.


I saw a report tonight that said Soros has doubled the size of his position in GLD. It may explain why I like what I am seeing in the gold names and that three of them have made it onto the list for tomorrow.

The following ideas maybe actionable tomorrow but don’t press I think it is going to be pretty choppy.

aapl 242 long

abx 42 long

aem 62 long

amgn 61 long

bbt 34 long

gg 41 long

nyt 12 long

rax 20 long

scco 35 long

slab 51 long

vmw 55 long

cf 93 long

spwra 18 short

biib 56 short

clx 63 reversal/support buy on prior breakout

hum 43.47 reversal/support buy on 150 day MA

sanm 16.08 reversal/support buy on 50 day MA

srcl 53.4 reversal/support buy on 150 day MA

vrtx 39.13 reversal/support buy on 150 day MA

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