Trading Plan for Tuesday (June 23, 2009)

Sometime ago, I set a target of SPX 896 for any descend. The target has been met, so right now I will sit back a little and watch out for the next trend.



FOMC days are usually a tricky event, you don't wanna get overly bearish or bullish. This pullback is just plain and simple...MMs are preparing for the coming earnings season and it is perfect timing to take profits for their half yearly reports.

FCX

OIH

JPM