SP-500

Monday, November 16, 2009

Market Preparation for SP-500 Nov. 17, 2009

Market Preparation for SP-500 Nov. 17, 2009:
Possible Scenario: No Overhead Resistance so realistically it could go on forever, however it could be the top of a 5 wave with an ABC correction down.

Missed a few days of blogging due to staffing a retreat

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



Breakouts: XIN, HNBC, WMG, (Set Order just above High resistance)
Previous Potential Breakouts (Looking back 5 days): KOG (Imminent), HNR, GLS, LOOP, LPSN, SCI, AGM, GGR (Profit), AHT (Brokeout), ADPT, MOT, SVM, EXK (Broke even), HYC, CLZR, ERES (Brokedown), TSYS (Brokedown), GSS, CTDC (Brokeout)

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

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

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

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

Top Missing Piece: Pull Back?

Good Luck,

Tyler

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