SS Game Plan 12/12/16

Big Picture 12-Dec-2016

market continues to make new all time highs. Important to remember although we are due for a pull back DON'T expect a large market reversal without a very strong fundamental catalyst... oil which we have discussed several times past few months has broken above June high and now set to head to 58-60 area.

Fresh News

stock	support	resistance	inflexion	notes	trading plan
akao	6	7.50, 8		positive phase III results
alxn	111-112	119-120	115	CEO/CFO out. former AZN in as CEO
cni	65, 66.80, 67.30	68.25, 69		investigation revealed fraud.
lmt	250, 253	260		trump tweet on F-35

Second day plays, Technical setups and Trading ideas

stock	support	resistance	inflexion	notes	trading plan
avgo	177-177.50	179, 180		held most of gap but was sold intra-day
fnsr	32.60, 33	33.80-34		sold aggressively on open & closed negative
rh	31, 31.50	32, 32.40		bought on Open but sold rest of day
lvs	54.60, 55.30	57.30, 58		sold all day but made higher low than prior...