Thursday's Game Plan

Oil and the OIH ETF continued to demonstrate strength yesterday as gold also decided to rejoin the party. The surge in commodities yesterday was a sign that it was the sector thats in play at the moment. The SPY on the other hand demonstrated weakness yesterday after it was unable to close above the day befores range. This short term weakness is not to be taken seriously as the SPY is still in a strong uptrend.

Longs:

HAL
BHI
SLB
NOV
COP
LRCX
XOM

Breakouts:

UAL>26.50
DD>50.50
CHK>28.20
COH>55.20
MET>47.00

Shorts:

ANF
MRK
JNJ