Thursday, March 1, 2012

Thursdays Gameplan

Longs: ANR(18.50), FCX (42.25), AKAM (36.00),

Breakouts: NEM<58.50, BBY<24.50, GG<48.25, CIEN<14.85, RIG<53.00, NVLS>47.00, MS<18.20

Volatility: SWN (R=33.50 S=32.80)


Notes:

Not many setups today reflect my bias which is neutral.

Gold got whacked yesterday, I am looking for that weakness to persist in NEM today. A lower high is also bearish for the shiny metal. SLV also triggered a swing short.

UUP had an asesome saturation at the 200 SMA yesteday.

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