Thursday's Gameplan

Longs: X (O.F),FCX (O.F), DD (O.F), AMGN (O.F), ALTR (O.F),

Breakouts: CDE>28.75, LVS>50.50, SWN>32.75, SNDK>53.00, LULU>64.50, MOS>56.30 (HBO), COF<44.75, VIAB>49.00, JDSU>13.85, MS<17.60, JPM (R=37.85 S=37.10),TAL>34.75,

Shorts: DNDN (15.00), TJX (68.00),

Swing longs: NEM (PBZ), GG (PBZ), SLW (DZ), CDE (DZ),

Notes:

GLD very strong, QQQ new highs, VIX@18.00, SPY strong, TLT weak, EUR flat.

IBB & XHB again leading the way along with the outperforming GLD. SMH & XLF amongst the worst performers wtih commodities mostly strong.

I personally expect to see some volatility today after the FOMC yesterday, with the FED willing to keep rates low through 2013 to 2014 is bullish for stocks, my breakout trades will be key today. Should we get unexpected selling, I will be looking at my short plays.

X & FCX

Economic Indicators:

5:30pm USD

Core Durable Goods Orders m/m
[Open Detail]
0.9%
0.3%
[Open Chart]
Up Next 5:30pm USD

Unemployment Claims
[Open Detail]
371K
352K
[Open Chart]
Up Next 5:30pm USD

Durable Goods Orders m/m
[Open Detail]
2.1%
3.7%
[Open Chart]
7:00pm USD

New Home Sales
[Open Detail]
321K
315K