Watchlist for 11/9/09

Longs
TROW Long above fridays high 50.25
PNC Long on any strength tomorrow
CHNG Long above 13.32

Shorts
GS below 171
ILMN below 31.98
CMED below 14.98

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weekly wrap

Markets were able to close green or the week but even though markets rallied last week, the rally didnt fire on all cylinders. Notable weakness in financials, reits homebuilders and Russell is raising lot of red flags on this markets.
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Market summary

MArkets clsoed mixed today after a rynup from morning open. Asia and europe had a big sell off overnite and it was lokking ugly this morning till Buffet came and saved the day for the bulls by buying BNI.
Sector wise we had leadership in transports and materials while Semis closed red. Though I will call Gold as the star of the day, an impressive move by GLD today.
Tomorrow is fed decision and I think market is in wait mode till then.
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