Monday, April 12, 2010

It was another quiet choppy session on below average volume with the S&P barely positive. Considering the major earnings and economic reports this week it should be expected. I suspect tomorrow will be similar.


Solars, home builders and semis outperformed while copper, gold miners and real estate underperformed.

The apparent resolution of the Greek problems put pressure on the dollar index and it is now back below the 20 & 50 day MA’s. The market didn’t seem to care today we will see if that lasts.

The following idea’s may be actionable tomorrow but be picky this market feels tired and stocks that have broken out have been sloppy and prone to failure. Look for good volume, be nimble and use reasonable stops.

abx 42 long

aem 62 long

amgn 61 long

cf 93 long

gg 41 long

nyt 12 long

rax 20 long

bvn 35.5 long

ge 19 long

ir 38 long

spwra 18 short

agu 66.68 reversal/support buy on 50 day MA

hum 43.52 reversal/support buy on 150 day MA

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