Boom Boom Stocks 11/22/2011 | Bulls on Wall Street

Boom Boom Stocks 11/22/2011

Morning folks. Market looking like a flat open today with the SPY down about .2% premarket. We just had revised GDP numbers come out with a revision down to 2% which is causing futures to move all over the lace. Looks like potential another volatile day.  We have been down now 4 days in a row and the market is getting pretty oversold.  We are underneath now are major moving averages so any bounce attempt will have strong resistance overhead but it is tuesday and this is the day we’ve seen some hard snapback rallies!  Right now any pop will be met with resistance at the 50 day moving average and our 1st level of support will be yesterdays lows.  

 

 

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