Top Ten Ideas for Week of 6/7/2010

After a very interesting week here are my top ten ideas for the coming week. 6 short ideas and 4 long in no particular order. Keep in mind the market trend is lower, so longs are counter trend, be careful.

1. Genzyme - GENZ



Failure at 47.50 - 48 sees next support at 45 then 40.50 from 2004 (6 years ago - is that still valid?)

2. SL Green Realty - SLG



Going to test the 100SMA and dotted trendline, failure there sees 49.30.

3. Buffalo Wild Wings - BWLD



Going to test 35.26, failure there sees 30.90, 37.31 is resistance.

4. Chipolte Mexican Grill - CMG



Strong, if holds 142 area should see 156.

5. Electronic Arts - ERTS



A break below the 15.80 support would give a target of 10.80ish, woah!

6. Flowserve Corp - FLS



Cracking 38.2% Fibonacci retracement level, look for 80.79 next.

7. United States Natural Gas - UNG



Love this. Big break out on volume and followed next day with bigger volume. 9.35 coming.

8. United States Steel - X



Broken, 33.50 coming, get short.

9. SanDisk - SNDK



Like a salmon swimming upstream. New highs coming if holds 44.70ish.

10. VMware - VMW



Next key level is 72.87 to the upside, good support Friday.

BONUS IDEA

Priceline.com - PCLN



Inverted hammer says support will hold near 180. If not then look for 157.50, resistance above is at 190.