The Wrap 11/26/12


The markets were slightly red today, but as usual, it started a bit of a move late in the day. This has been the story for over a week now. Bullish action in my opinion.

Technology was strong as AAPL led the way. The stock popped through the level that I mentioned last night and put in a really strong day.

The Nasdaq was the strongest index followed next by the Russell 2000. The QQQ is right up against its 200 day moving average and the Russell moved above its 200 day moving average today. The Dow Jones stopped right at its 200 day moving average today. Bottom line, we may be setting up for another bull run once these levels get taken out. Maybe tomorrow.

We came close to several names triggering today, so keep a close eye out tomorrow for some of those same names to possibly trigger.

In addition to our names on the P&L, here are some names to watch from the long side.

KKD- 9.50

AMCC- 6.85

TIF- 63.50

GS- 121

I will add these names to the P&L if they trigger tomorrow.



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