SPY - It wasn't a coincidence that SPYs low was exactly 138.00. There is a lot of support at this level; however, there's a lot of resistance above too. If this support level fails, be cautious of your long positions.
QQQQ - also off its lows of the day. Use the trendline as a guide - if it can't hold...look out below.
A few candidates, should the aforementioned trendlines give way and the market decides to head lower...
Capital One (COF)
Chipotle Mexican Grill (CMG)
UnitedHealth Group (UNH)
Monday, June 2, 2008
SPY | QQQQ | COF | CMG | UNH
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