Market Review (11/26/2012) and preview for tomorrow

Brief sell off in the market today. After five days of the market being in a bull setting, we finally came to a halt. Thanksgiving weekend sales-growth came in below last year's levels. The NASDAQ continued in the green for a sixth day.The telecommunications and energy sector took the biggest hit today as they fell sharply. 

DJIA - -0.33%

SP500 - -0.20%

NASDAQ - +0.33%

There is still two major support levels(20DMA and 200DMA) holding the sp500 in place. As long as there is positive news coming out from Washington about the fiscal cliff situation we should be able to at least hold, if not move up to around 1430.

WATCH LIST TOMORROW

STEC - process of filling gap 20 DMA could be good support

ZIP - bounce play

IQNT - bottoming up possible bounce play

BGFV - flag breakout

SPA - inching up to resistance, keep on watchlist

Still keeping CLWR, ODP on watchlist because their setup keeps getting better!