Tomorrow and Watchlist updates (02 Dec 2008)

Just what I have been looking for, the watchlist performed better than expected. Just take a look at the moves in the price...

I will be sticking to this watch list tomorrow because it works.

If you ask me what is going to happen tomorrow, well...nobody knows..... We have broken through any barriers below, it all depends on the MMs and the market now. It is hard to predict market behavior when all memory's from the past have been erased. The market is on course to set a new record here....so we will just have to take one day at a time.

Here is a chart of SPY indicating in green any upside targets, in red any downside targets. Right now we are smacked right in the middle of a trading range. All I can say is if we breach 80.5 on the SPY, we will reach 75 with ease.


On top of the watch list above, I just discovered that the VIX could be a good buy. The way to play this is to buy when if you see markets tanking.


On a final note, be careful if you are trading AZO, FSYS. There is a slight risk in relation to the Auto Bailout.