Market Preparation for SP-500 Nov. 10, 2009:
Possible Scenario: Way Overbought expecting a backlash to 1084.

Way wrong I missed the gap up which caused a huge upward push. So now I'm 4.35 out of 6.

My expectations for the SP-500 are based upon the current rebound up outside of the channel.



Breakouts: LPSN, SCI, AGM (Set Order just above High resistance)
Previous Potential Breakouts (Looking back 5 days): GGR, AHT, ADPT, MOT, SVM, EXK (Brokeout), HYC, CLZR, ERES, TSYS, GSS, CTDC

Breakdowns: SMA, MFA, BDN, KNOT, NSIT, CLMS
Previous Potential Breakdowns: LEAP, MENT, MFC, TRMK. (Set Order just below Low resistance)

Dip Picks: N/A
Previous Potential Dips (Looking back 5 days): Broke Even with all Plays

Rip Picks: CLNE
Previous Potential Dips (Looking back 5 days): TUES look to cover

Top Pick: ??? KNOT Short with EXK Long (Look for gap downs or gap ups beyond resistance)

Top Missing Piece: Pull Back?

Good Luck,

Tyler