Market Preparation for SP-500 Dec. 2, 2009:

NOTE TO SELF: If a Stock Breaks Out and Closes below Previous Resistance this is not nearly as strong as if it closes ABOVE Previous Resistance.

Possible Scenario: Decending Channel expect flat or gap down to stay in the channel a gap up would lead to new highs.

Updates will be based upon weekly predictions with this week scoring a 2 out of 5 as gap up then hit the upper trend line.

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 and I am really just interested in finding quality plays.

Breakouts: ISPH (I), NSU (I), ALD (I), LXRX (I), LTXC (I), MGHC (I), GRT (I), EGHT (I), SNTS (I), SYMX (I), HEAT (I), TSTC (I), SWHC (I) (Set Order just above High resistance)
Previous Potential Breakouts (Looking back 5 days): BQI (I), CNTF(I), ATSI(I), WATG(I), PWER(I), ZIOP, DSCM, QCC(I), CDZI(BO), INCY(BO)

Breakdowns:
Previous Potential Breakdowns: PMI, MNI

Dip Picks: SRZ, NABI, CRNT,
Previous Potential Dips (Looking back 5 days):

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

RFR Picks: CTHR, LEE, MNI, NCT, MPG, KBX,

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

Top Missing Piece: Stay in the channel?

Good Luck,

Tyler