Monday, July 19, 2010

The inability of the SPY to break out above the $110 level last week and then Friday’s brutal selloff really took some life out of the market. It is very choppy out there right and I have only a hand full of alerts for tomorrow. Sorry they are either there or they are not.


It looks like there is range forming in the SPY $110/$106, it is minor but keep an eye on it.

The following ideas maybe actionable tomorrow, but don’t press.

aapl 231.74 reversal/support buy on 150 day MA

deck 42.42 reversal/support buy on 150 day MA

prgo 52.63 reversal/support buy on 150 day MA

pxd 55.94 reversal/support buy on 150 day MA

rost 51.2 reversal/support buy on 150 day MA

rah 54 short

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