SP-500

Friday, November 20, 2009

Market Preparation for SP-500 Nov. 20, 2009:

Possible Scenario: Still Island Reversal with a Bounce off the 200 on the 15 Min ~ 2Day MA.

Updates will be based upon weekly predictions with this week scoring a 2.5 out of 4 as we still have yet to confirm the bounce off the 200 if that happens then I'll give myself extra points.

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



Breakouts: NXG, (Set Order just above High resistance)
Previous Potential Breakouts (Looking back 5 days): POL, CVO, AEA (I), INCY, FULT, OCLR, UBET (Imminent), UMC (Imminent), CNU, CHLN, JDSU, RJA, GCA, FULT, IMGN, SHO, CCO (BO), ISYS, XIN, HNBC (I), WMG, KOG (Imminent), HNR, GLS, LOOP, LPSN, SCI, AGM, GGR (Profit 10%), AHT (Profit 10%), ADPT, MOT, SVM, EXK (Broke even --> BO), HYC (I), CLZR (BD), ERES (Brokedown), TSYS (Brokedown), GSS, CTDC (Brokeout)

Breakdowns: PMCS, WGO, ABG, DY, NVTL, CENT, COMV
Previous Potential Breakdowns: RJET, CHNG, PIKE, CKR, KXNA, PTMI, HHS, ITMN (I), CUZ (I), DCP, CPLP, BRKL, PNFP, USOM, CCOI, OCN (Imminent), SMA, MFA, BDN, KNOT (Imminent), NSIT (Imminent), CLMS (Imminent), LEAP, MENT, MFC, TRMK. (Set Order just below Low resistance)

Dip Picks:
Previous Potential Dips (Looking back 5 days): TLR, AHC

Rip Picks:
Previous Potential Dips (Looking back 5 days): VVUS, STC, CLNE, TUES (covered), VCP,

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

Top Missing Piece: Will the Mkt Rebound?

Good Luck,

Tyler

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