We're kicking off the new month with two new ideas:

Idea #1: XBI

Name: SPDR S&P Biotech ETF

Ticker: XBI

Price: $85

Needs to Hold: $76 to $81

Price Objective 1: $90 to $95

Price Objective 2: N/A

Tech had a very big May (and year for that matter) but I expect some money to start rotating to biotech to start the new month.

I believe XBI can clear $85.50 to break into the $90 to $95 area.

On the downside, I want it to stay above the $76 to $81 area.

Idea #2: BA

Name: Boeing

Ticker: BA

Price: $209

Needs to Hold: $188 to $198

Price Objective 1: $225 to $235

Price Objective 2: N/A

Boeing (BA) is a name I come back to from time to time, and it's starting to perk up.

If it can clear $222, I see it heading to the $225 to $235 area.

The danger zone on this one is the $188 to $198 area. If the stock gets in there I'd look to switch gears.

Stay tuned for more updates!

-Scott