Longs: PM (SDP).

Breakouts: COH>14.75, ESRX>55.00,COST>91.50,CREE>32.00,ABX<43.50, C>36.75, MOS<54.50, CDE<23.00, BBY<23.50

Volatility:NTAP (45.00 44.30)

Fridays Gameplan

Longs:TIF (69.00)

Breakouts: CREE>31.50, WFC>34.50, MOS<54.50

Shorts: WLP (72.00), UAL (22.50), FCX (38.00)

Thursdays Gameplan

Longs: HAL (32.75), SWN (31.50), NEM (52.00), BBY (26.75), SLW (33.50).

Breakouts: BHI<41.90, ANR<15.50, POT<47.00, X<29.00, WLP>61.75, FCX<38.00, UAL>21.25, CHK<24.00
Volatility: CREE (32.00 31.50), AKAM (38.00 37.50).

Swing shorts: COH, MOS

Tuesday Gameplan

Longs: JCP (36.00)

Breakouts: ANR<15.50, TGT>59.00, COST>91.50, JNPR>21.75, ABX>44.75, NVLS>50.00,
XOM>87.25, DOW>35.75, AET>47.00, POT>47.00

Volatility:FCX (40.00 38.00)

Notes:

AET, ABX, XOM, ANR, JCP, POT

My only concern is the lower lows and lower highs in POT, but that could all change dramatically today.

Order flow stocks that didn't make the list WLP, HON, AXP

Breakouts: JCP<35.75, ANR<15.50, AXP>57.50, KSS<47.50, FCX<38.00, CELG 77.00, KLAC>53.00, VVUS>21.50, MS>20.50

Volatility: UNH (54.00 53.50), KO (71.60 71.30), WFC (33.70 33.30)

Fridays Gameplan

Longs: BHI (42.00), CREE (30.20), C (36.50), CVX (104.50), POT (45.00), MOS (56.00), COP (75.75 Failed breakdown on the hourly),

Breakouts: ANR<15.50, FCX<37.85, ABX <42.50, SNDK>51.00 (Gapfill then breakouts), AXP (57.50),

Volatility: VVUS (21.00 20.50), AET (46.60 46.00)

Wednesdays Gameplan

Breakouts:MS>20.75, NVLS>49.50, BHI<47.00, TJX>38.50, CHK>26.00, GG<42.00, COP>78.25, KO>70.75,M>40.00, X>32.00, CREE>31.50, ANR<15.75

Volatility:CELG (76.00 75.25), DOW (35.50 35.00),RIG (57.75 57.00),

Idea Persistence WDC

I wanted to write a quick post on idea persistence and game planning. I game plan daily for the sole purpose of being prepared for the trading day by having the best ideas for the open. I do this to eliminate all discretion from my trading, I plan my trades and trade my plan. I have ideas for every possible scenario and if I don't get the any of the scenarios I game planned for I have a plan for that as well.

If you've noticed my posts for the past 3 days, they all have one thing in common, they all have WDC as a long. I have been stalking this stock for the three days for a long trade. I didn't get it on the first day when it blew on my face and neither did I get it on the second day when it basically did nothing. That didn't alter my conviction in my setup and I still picked it for the third day and it played out beautifully. I didn't throw it out the window cause I lost on two days trading it cause it has some personal against me. I stuck to my belief and got paid for it.

Tuesdays Gameplan

Longs: COST (89.50), WDC (38.00)

Breakouts: CVX>111.00, COP>78.00, HON>61.00, GG<43.75, X>32.50, BBY>26.25, CHK>26.00

Volatility: WLP (67.75 67.00), VLO (28.70 27.70)

Shorts: BBY (26.25)

CREE

.

CREE was pummeled during recent months and has currently formed a base between (31.50 & 20.00). A breakout to the upside above 31.50 seems imminent. The stock is also already above the 200 and 50 DMA's and has formed a cup and handle pattern.

Fundamentally speaking the, I took a snapshot at CREE's financial position and the company seems to be sound, my thoughtscan be found on the snapshot.

Mondays Gameplan

Longs: CDE (24.00), TIF (67.50), KSS (50.25), WDC (38.00)

Breakouts: HAL<33.75, BBY>25.65, ESRX>55.00,M>40.00, GG<43.75,CREE>31.25

Volatility: FCX (39.00 38.00), CVX (110.83 110.25),AKAM (37.60 37.20),DIS(43.50 45.20),VVUS (20.50 22.00)

Notes:

Not in my master list VVUS (3 inside days)

Fridays Gameplan

Longs: WFC, HAL (33.75), TIF (68.50), WDC (38.80)

Breakouts: ANR>16.75, C>36.50, DOW>35.00, SWN>34.00, HON>61.00

Volatility: FCX (38.80 38.20), AET (46.00 45.75), MOS (56.00 54.50), VLO (28.20 27.60)

Shorts: C (54.00 exhaustion), SLW

Notes:

WFC Multi year high about to be taken out.

Thursdays Gameplan

Longs:WFC, BBY (23.75), ABX

Breakouts: ESRX>55.00, UNH>56.00, MCD>97.50, HON>60.75, PM>85.75, MOS<54.50, ANR<15.50, ABX<42.80,

Volatility: AET (46.00 45.50)

Shorts: X (29.50)

Notes:

I missed WLP yesterday.

Wednesdays Gameplan

Longs: CVX, NEM (54.75), C

Breakouts: ESRX>55.00, HON>60.75, XOM>(87.00), COP>78.00, SLW<34.50, ABX<45.25,

Volatility: WDC (R=40.30 S=39.60), ALTR (R=38.00 S= 37.70), VLO (R=28.50 S=28.00), JCP (R=38.00 S=37.25)

Shorts: XOM

Tuesdays Gameplan

Breakouts:CVX>110.50, C>34.75, LMT>89.25,NVLS>47.00, MOS<54.50, WLP<63.65, BHI<47.00,CDE<25.25, ANR<15.50

Shorts: KLAC (50.00), NEM

Notes:

VIX is at 15.00, breakouts shouldn't perform too cleanly in this environment.

WLP I've been watching this thing for a while, a breakdown could get ugly.

UUP is on the verge of a breakout along with the SPY,QQQ and DIA. At this point somethings gotta give. Volatility might just creep in at these levels.

Today we also have the FOMC minutes along with retail indicators which could significantly shake the market.

Key to note today was that the german ZEW came in double expectations while the euro declined.

Longs:XOM (84.00), JCP (37.50)

Breakouts: WDC>40.50, POT>44.00,C>34.75, MCD<96.50, RIG>54.50, FCX<38.75

Shorts:VLO, CELG

Notes:

The retail sector was the strongest last week, with the XLF remaining strong and on the verge of a breakout.Gold, agriculture, commodities, basic materials were all weaker than the market last week.

On the credit front, the UUP was strong last week and closed ahead of the FXE, HYG, TLT and LQD. UUP is also on the verge of a breakout, this could be a bearish sign for equities.

As for the economic indicators set for today, its kinda quite, overall we only have 1 indicator in the Federal Budget Balance. Most important economic indicators will take place tomorrow including the FOMC meeting, core retail sales and retail sales.As for the quant studies, they seem to be mixed. We will be getting POMO buying on 3 days this week Monday, Wednesday and Thursday. We will get selling on Friday, on tuesday the Fed wont buy or sell. Bias remains long as the trend is still intact at this point and until proven otherwise, long trades are my preference.

Wednesday

Longs: POT(43.00), SNDK (48.25),WDC (37.00), WFC (30.00), COF (48.00)

Breakouts: WFC<30.00, WLP<63.50, CELG<71.25, COST>88.00

Volatility: SWN (R=32.50 S=32.00)

Tuesdays Gameplan

Longs: ANR (16.00), POT (44.75), MS (18.20, 200SMA & support), HAL (35.00), COF(49.00)

Breakouts: NEM<57.50, CVX>110.50, COST>88.00, TGT>57.00

Volatility: JCP (R=39.00 S=38.50)

Mondays Gameplan

Longs: ANR (17.40), PCAR (44.50), ALTR (37.00), HAL (35.75), KLAC (47.50), KO (69.00),

Breakouts: CVX>110.50,

Volatility: CELG (R=74.00 S=73.50), X (R=28.00 S=27.50), JCP (R=39.00 S=38.50), C (R=34.50 S=34.00), UNG (R=20.00 S=19.50)


Notes:

VXX NR7 at support.

UNG about to blow.

Fridays Gameplan

Longs:RIMM (13.50), JNPR (22.00), JCP (38.00), ANR, AKAM (36.00), HAL (36.00), BBY (24.50),

Breakouts: KSS<48.00, LMT<88.25, NEM<58.00, CVX>110.00, TIF>67.00, C>34.25, coh>76.75.

Volatility: FCX (R=43.50 S=42.50), BHI (R=51.00 S=50.00), NVLS (R=47.00 S=46.25)

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.