Market Preparation for SP-500 Nov. 30, 2009:

Possible Scenario: Decending Channel expect more consolidation within the channel

Updates will be based upon weekly predictions with this week scoring a 0 out of 5 as the week ended up a wash for confirmation.

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:

Breakouts: EXXI(I), ACG(I), NAP, ZIOP, PLG, DSCM, QCC(I), CDZI(BO), INCY(BO) (Set Order just above High resistance)
Previous Potential Breakouts (Looking back 5 days):

Breakdowns: PMI, MNI
Previous Potential Breakdowns:

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

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

RFR Picks: NLST, AMLM, PCBC, SPEX, FTBKD,
PMI, MNI, SCSS, HPJ, KBX

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

Top Missing Piece: Stay in the channel?

Good Luck,

Tyler