Longs:
ADBE - break out continuation
COST - daily buy triggered
CREE - dower trend
HD - daily Buy Triggered
MOS - daily buy watch
MSFT - daily buy triggered
NTAP - daily buy triggered
POT - daily buy triggered
WAG - power trend
LVS - Gap continuation
Shorts: None
After the market's bullish gap and run up on Friday, we based bullishly for the rest of the day which made it hard for longs and shorts. A gap down or if we trade down to the 67.75-67.50 range, I would look to buy the first 5 minute buy set up that forms in this area of Minor support. If we gap above the 68.00 area, I would look to play the first 5 minute buy setup at or near a reversal time of 10 or 10:30 am with a long target of 68.34 area. For some reason that bad news comes out of the European Union meetings early Monday morning and we happen to gap below the 67.63 area, I'd look to short the first 5 minute setup at 10 or 10:30 reversal time with a long lower target of 66.50 area.
Click on chart for to enlarge image...
QQQ02092013
