Trading Plan for Monday (June 07, 2009)

Updates: There is a tug of war going on in the Dollar, I shall be a spectator in the commodity markets until I see a clear winner. There is no need to be a "HERO" in these markets.

Let me say that, I actually hate to be whipped around especially while trading the SPY. So I am planning to try and be in control by going into individual stocks.

The dollar is retesting a key resistance, Im all eyes to see if it manages to climb above it.




ICE had a nice pullback on Friday, would be nice to see this stock pullback a little more. This is setting up a for nice long entry, watch the volume and price action.


Another stock that I am watching is V, staying neutral on this one.


BNI still remains on my radar, if you see a big gap up, be prepared to sell the rips. What we want here is a gradual ascend not a rip you off kind of trade ya....lol

Whoohoo...more discoveries....STT could potentially hit 52.5 if this stock keeps going. Again if it gaps up big...sell the rips.