Action Points

The Weekend Review and Index Watch is finished and posted. I'll have the Trading Spreadsheet up later and have it linked here. Although I could be easily wrong, I think the market will make an intermediate term top sometime in October. Until the charts tell me otherwise, my primary focus will be buying the high volume breakouts and the long setups that pull back to objective support levels. I know I'll continue to trade around a few of the short setups, but I'll use very tight stops. If they work before I'm taken out, I'll take profits on the initial move down and I'll reset my stop near my entry to ensure a profitable trade.

Breakout Setups (Click on Symbol for Annotated Chart) AHII Animal Health Intl BEE Strategic Hotel & Resorts ABK Ambak Financial KHD KHD Humboldt PFAP Pacific Asia Petroleum KMT Kennametal FMCN Focus Media OPXT OpNext TSCM TheStreet.com BBEP BreitBurn Energy ACI Arch Coal PLLL Parallel Petroleum PNX Phoenix Companies PCX Patriot Coal ANR Alpha Natural Resources ARP American Reprographics AWC Alumina BARE Bare Escentuals BGP Borders Group BXG BlueGreen TWI Titan Intl SPR Spirit AeroSystems CCO Clear Channel SD Sandridge Energy SGI Silicon Graphics CENX Century Aluminum SRI Stoneridge CGX Consolidated Graphics SWKS Skyworks TEX Terex GMET GeoMet TPGI Thomas Group Properties CLNH Centerline Holdings CPX Complete Production Services CT Capital Trust DMAN DemandTec DRYS Dry Ships EVII EV Innovations FCSX FCStone Group LYG Lloyds TSB Group LYV Live Nation MBI MBIA NPO EnPro Industries VTRO Vertro WRES Warren Resources XTEX Crosstex Energy AB