SP-500

Sunday, November 1, 2009

Market Prep's 1st Post

Market Preparation for SP-500 Monday Nov. 2, 2009:
Possible Scenario: Rally to 1050 followed with a breakdown.

Well I figured its time to start documenting my trades for my own reference and accounting. And hey if some leeches start taking some picks well all the better then. I was a leech for a long time while learning the ropes.

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



My Scan for Stocks are almost all showing breakdowns with a limited set of weak breakouts. None of my bounce scans are registering any picks.

Breakouts: $BONT

Breakdowns: $CSFG, $VCLK, $MHO, $XEL, $PNM, $SEH, $BPI

Dip Picks: N/A

Rip Picks: N/A

Top Pick: $SEH Short on Breakdown (9.44)



Good Luck,

Tyler

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