GST - great move off months of consolidation in the $1.25-1.40 level, this can support a move towards $2+ before higher consolidation around the $2 level.

The next four stocks are BORDER LINE BREAKOUT

WMG - Watching here for a $9 break it’s been consolidating just south of it for just over a week now.

BONT - has had about four days of consolidation, two days ago sold off to the high 7’s and recovered right back to its highs. Todays break was unsuccessful but the next attempt may break turning this into a multi day move.

STEC - Consolidating just above $9 - watch for a breakout above todays high around the $9.40 level. If it doesn’t it the next few days it may want to test the $9 level a few more times. More INFO.

HA - borderline breakout this may squeeze above $8 - watching for this breakout because this will turn into a multi day short in my opinion.

Last nights daily scan consisted of SOHU, TMY, SWHC and ENOC.

SOHU didn’t attempt any squeeze in fact, opened very week and sold off to end the day -$3.00. It did want to test the $70 support, broke it right out of the open, came back a bit made lower lows and went south to a low of $67.67. This should consolidate the rest of the week and it may dip more, however the easy part is over.. next.

TMY - had no real juice to even attempt the .75 break, sold off and headed straight to 50 cents. Sure enough this will probably be back in the .40s tomorrow, again who isn’t happy with 300% off the bottom.

SWHC - again I like this one for a ride to $10’s but not before a consolidation period and today’s correction. I figured It’d test $7.25 but that wasn’t good enough it sold off until just above $7 dollars. Watch for this to consolidate before it heads any higher.

ENOC has earnings on May 7, 2008. This is on watch again for the $16 break heading into options but not worth holding over. Heres the chart.

In about 30 minutes the Fed will announce their decision. Normally bringing A LOT of volatility to the market. If they do cut it like many believe I don’t think it will be more than 1/4.

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This will complete the uncertainty puzzle and the markets should accelerate from there.

Here’s a mid day update with quite a few movers today. Many of the big boards are moving positively towards the fed rate decision.

Visa and MasterCard broke out to all time highs this morning!

GOOG - Beautiful week long consolidation before breaking out, $600 magnet

BIDU - $400 is a magnet

V - What a move $85 break can really move this but it may need to correct, consolidate and then make its move towards $100

AAPL - squeeze trigger $180

BWLD

ALGN

ESMK

IACI reversal watch

IBM watch for consolidation around the $120-$122 level, breakout is $125

KRY - Huge tank after being halted this morning - many traders in chat caught a .40 cent bounce, congrats. Join us in chat if you haven’t already, all it takes is one day and you’ll be hooked!