Market Preparation for SP-500 Dec. 1, 2009:

Possible Scenario: Decending Channel expect flat or gap up to hit upper channel gap down = downward movement outside of the channel.

Updates will be based upon weekly predictions with this week scoring a 1 out of 5 as consolidation = doji.

My expectations for the SP-500 are based upon the current down movement inside the channel.




Setting up new scan parameters as the last set of scans were not following through and I am really just interested in finding quality plays.

Breakouts: BQI (I), CNTF(I), ATSI(I), WATG(I), PWER(I) (Set Order just above High resistance)
Previous Potential Breakouts (Looking back 5 days): ZIOP, DSCM, QCC(I), CDZI(BO), INCY(BO)

Breakdowns:
Previous Potential Breakdowns: PMI, MNI

Dip Picks: SRZ, NABI, CRNT,
Previous Potential Dips (Looking back 5 days):

Rip Picks:
Previous Potential Dips (Looking back 5 days):

RFR Picks: CTHR, LEE, MNI, NCT, MPG, KBX,

Top Pick: Imminent Plays (Look for gap downs or gap ups beyond resistance)

Top Missing Piece: Stay in the channel?

Good Luck,

Tyler