Browse Symbol Stacks: FB: Fuinhaz $SPY morning update for August 24, 2012 | SharePlanner

Fuinhaz $SPY morning update for August 24, 2012 | SharePlanner

$SPY dropped in the morning, tested the intra-day support @ 140.25, and broke out with a lot of strength over the 141 level. The only problem I have with this sudden break out, is that the $IWM could not break out the 81.06 level. and that raises some concerns going long.

So I advise caution until that $IWM follows the $SPY.

I am looking at some longs today. Here they are.

$FB over 19.58

$RHT over 57.61

And shorts just in case the $IWM can't find it's groove.

$CAT under 87.36.

$CLF under 38.37

$JEC under 40.27

$FCX under 36.

$COG under 41.12.

May you all have a good continuation of your day.

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