The Week Ahead 8-2-09

{+++}I forgot to mention, XLF is at a critical level and 13.08 is the level to watch, I won’t buy XLF but will be looking for names in the sector, this will be the third attempt to break out. BAC and USB are two names the I’m watching.

WATCHLIST 7-02-09

LONGS (THAT HAVEN’T TRIGGERED YET)

OREX- 9 STOP 8.60

HGSI- 15.45

CHRW- 55

AA-12.38

NTES-44.85

LONGS (THAT HAVE TRIGGERED)

UYM- 22.42 STOP 21.80

CREE- 31.80 STOP 31

MDRX- 16.67 STOP 16.25

SHORTS (THAT HAVEN’T TRIGGERED YET)

LMT 73.11 OR 73.70 IF YOU ARE MORE AGGRESSIVE- STOP 75.50

RS- 32.85 STOP 34

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