Its time to check back the technical level on DJI, it couldn't break 12232 level, while on the downside, it has big resistance at 11716. The next lower side resistance is 11630 followed by 11550.
In S&P500, it couldn't break the upper side resistance of 1290, while on the lower side, it has broken 1225 and 1219, the next level on downside is 1210 followed by big resistance at 1200.
All this level is mentioned in my post http://www.freefdawatchlist.com/2011/11/game-plan-for-nov-7th-nov-11th-vxx-faz.html
I still think DJI will break 10000 mark in DJI and 1000 level in S&P 500 before rallying.
There is no big economic data coming out tomorrow to impact stock market. Leading indicator is coming out at 10 EST, 0.5% iwill be bullish sign while 0.5% or lower will be bearish sign.
I am still bearish for this market but the market sold off too much in last two days and that's the reason for little bullishness. Super committee hasn't reached the deal yet and it has less then a week time.
If the super committee is not able to reach agreement by Nov 23rd, it will automatically trigger 1.2 trillion dollar cut equally distributed between military and non military spending. Here are the top 30 exclusive companies who's contract over 1 Billion dollar will be impacted by super committee decision whether it passes or fail. Buy some put options or shorts in the following stocks before Nov 23rd
Click here to check the stocks on google finance
1. LOCKHEED MARTIN CORPORATION (LMT) $29.2B
2. THE BOEING COMPANY (BA) $17.1B
3. GENERAL DYNAMICS CORPORATION (GD) $11.6B
4. RAYTHEON COMPANY (RTN) $11.1B
5. NORTHROP GRUMMAN CORPORATION (NOC) $8.0B
6. UNITED TECHNOLOGIES CORPORATION (UTX) $6.1B
7. L-3 COMMUNICATIONS HOLDINGS, INC. (LLL) $5.5B
8. OSHKOSH CORPORATION (OSK) $4.4B
9. SAIC, INC. (SAI) $3.8B
10. HUNTINGTON INGALLS INDUSTRIES, INC. (HII) $3.4B
Click here to check 11-27 stock
11. HUMANA INC. (HUM) $2.9B
12. HEALTH NET, INC. (HNT) $2.8B
13. GENERAL ELECTRIC COMPANY (GE) $2.4B
14. ITT CORPORATION (ITT) $2.4B
15. COMPUTER SCIENCES CORPORATION (CSC) $2.1B
16. KBR, INC. (KBR) $2.1B
17. FLUOR CORPORATION (FLR) $2.1B
18. TEXTRON INC. (TXT) $2.1B
19. URS CORPORATION (URS) $1.8B
20. BOOZ ALLEN HAMILTON HOLDING CORPORATION (BAH) $1.8B
21. CACI INTERNATIONAL INC (CACI) $1.5B
22. NAVISTAR INTERNATIONAL CORPORATION (NAV) $1.4B
23. COMPUTERSHARE LIMITED (CPU) $1.4B
24. FEDEX CORPORATION (FDX) $1.3B
25. ALLIANT TECHSYSTEMS INC. (ATK) $1.2B
26. MANTECH INTERNATIONAL CORPORATION (MANT)$1.2B
27. HONEYWELL INTERNATIONAL INC. (HON) $1.1B
28. AMERISOURCEBERGEN CORPORATION (ABC) $1.1B
29.HEWLETT-PACKARD COMPANY (HPQ) $1.0B
30. HARRIS CORPORATION (HRS) $1.0B
*****Just Be-careful Nov 23rd could be a game changer event. *****
Stocks for tomorrow are RMBS, CRM, TNA, FAS.
Any pullback in TZA or VXX is buying opportunity.
Part 2: Stocks with project under 1B
http://www.freefdawatchlist.com/2011/11/stocks-impacted-by-super-committee_21.html
In S&P500, it couldn't break the upper side resistance of 1290, while on the lower side, it has broken 1225 and 1219, the next level on downside is 1210 followed by big resistance at 1200.
All this level is mentioned in my post http://www.freefdawatchlist.com/2011/11/game-plan-for-nov-7th-nov-11th-vxx-faz.html
I still think DJI will break 10000 mark in DJI and 1000 level in S&P 500 before rallying.
There is no big economic data coming out tomorrow to impact stock market. Leading indicator is coming out at 10 EST, 0.5% iwill be bullish sign while 0.5% or lower will be bearish sign.
I am still bearish for this market but the market sold off too much in last two days and that's the reason for little bullishness. Super committee hasn't reached the deal yet and it has less then a week time.
If the super committee is not able to reach agreement by Nov 23rd, it will automatically trigger 1.2 trillion dollar cut equally distributed between military and non military spending. Here are the top 30 exclusive companies who's contract over 1 Billion dollar will be impacted by super committee decision whether it passes or fail. Buy some put options or shorts in the following stocks before Nov 23rd
Click here to check the stocks on google finance
1. LOCKHEED MARTIN CORPORATION (LMT) $29.2B
2. THE BOEING COMPANY (BA) $17.1B
3. GENERAL DYNAMICS CORPORATION (GD) $11.6B
4. RAYTHEON COMPANY (RTN) $11.1B
5. NORTHROP GRUMMAN CORPORATION (NOC) $8.0B
6. UNITED TECHNOLOGIES CORPORATION (UTX) $6.1B
7. L-3 COMMUNICATIONS HOLDINGS, INC. (LLL) $5.5B
8. OSHKOSH CORPORATION (OSK) $4.4B
9. SAIC, INC. (SAI) $3.8B
10. HUNTINGTON INGALLS INDUSTRIES, INC. (HII) $3.4B
Click here to check 11-27 stock
11. HUMANA INC. (HUM) $2.9B
12. HEALTH NET, INC. (HNT) $2.8B
13. GENERAL ELECTRIC COMPANY (GE) $2.4B
14. ITT CORPORATION (ITT) $2.4B
15. COMPUTER SCIENCES CORPORATION (CSC) $2.1B
16. KBR, INC. (KBR) $2.1B
17. FLUOR CORPORATION (FLR) $2.1B
18. TEXTRON INC. (TXT) $2.1B
19. URS CORPORATION (URS) $1.8B
20. BOOZ ALLEN HAMILTON HOLDING CORPORATION (BAH) $1.8B
21. CACI INTERNATIONAL INC (CACI) $1.5B
22. NAVISTAR INTERNATIONAL CORPORATION (NAV) $1.4B
23. COMPUTERSHARE LIMITED (CPU) $1.4B
24. FEDEX CORPORATION (FDX) $1.3B
25. ALLIANT TECHSYSTEMS INC. (ATK) $1.2B
26. MANTECH INTERNATIONAL CORPORATION (MANT)$1.2B
27. HONEYWELL INTERNATIONAL INC. (HON) $1.1B
28. AMERISOURCEBERGEN CORPORATION (ABC) $1.1B
29.HEWLETT-PACKARD COMPANY (HPQ) $1.0B
30. HARRIS CORPORATION (HRS) $1.0B
*****Just Be-careful Nov 23rd could be a game changer event. *****
Stocks for tomorrow are RMBS, CRM, TNA, FAS.
Any pullback in TZA or VXX is buying opportunity.
Part 2: Stocks with project under 1B
http://www.freefdawatchlist.com/2011/11/stocks-impacted-by-super-committee_21.html
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