Tuesday, March 13, 2012

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.

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