Market Preview (11/26/2012-11/30/2012)

We had a very bullish run in the market last week which could set off a nice end to November. The entire month we have seen nothing but red and ending in the green could be good going into the holiday month.

A few things to watch this week include:

Monday - Chicago Fed National Activity Index, Dallas Fed Mfg Survey

Tuesday - Durable Goods Orders, S&P Case-Shiller HPI, Consumer Confidence, FHFA House Price Index, Richmond Fed Manufacturing Index

Wednesday - New Home Sales

Thursday - GDP, Jobless Claims, Pending Home Sales Index, Kansas City Fed Manufacturing Index

Friday - Personal Income and Outlays, Chicago PMI

As we can see, there is some important data to be released that can really drive the markets for the end of November.

We have to watch for a huge psychological resistance around the 1430 area in the SP500 which is also where the 50 DMA is right now.

WATCH LIST FOR TOMORROW

COOL - keeping this on the watchlist to test the $1 zone after bottoming out.

BPAX - stock is bottomed out, looking for this to break the $1.25 resistance to possibly run to $1.40. Also testing the 20 DMA.

MVIS - break of tight range into resistance of $3. upside of at least 40 cents possibly.

MOTR - break of trendline and 200 DMA. good upside.

ODP - this one is just about ready to make a big move.