Evening Watch List for 11/30

Mish Schneider | November 29, 2015

Happy Thanksgiving!

Hi everyone! With the upcoming Thanksgiving holiday, followed by the half day on Black Friday, I hope you watch the video that was sent to you earlier on Wednesday.

The following video covers all four major indices, the Economic Modern Family ETFs, and an extensive look into the major commodities-oil, metals, softs and agriculturals.

I also emphasize pertinent trading concepts such as risk/reward, chart patterns, pivot points and phases.

For CSTS: Click here

Thanks for watching. My next Mish’s Market Update will be available on Monday evening November 30th.

I hope you all have a healthy and happy Thanksgiving!

S&P 500 (SPY) 213 big resistance, 210 pivotal and 206.50 big support Subscribers:Positive Pivots in all

Russell 2000 (IWM) A weekly close over 118.78 will be positive. Plus, must clear current resistance over 119.36

Dow (DIA) Terror at 18k only 187 points away. 175 is the 65-week moving average to defend 179 resistance to clear

Nasdaq (QQQ) 112.90 pivotal and over 115.47 takes it to new highs

XLF (Financials) If holds 24.25 good and must clear 24.97

KRE (Regional Banks) 44.80 pivotal with 46 even better

SMH (Semiconductors) 54.22 pivotal. Over 55.15 better

IYT (Transportation) 145.50 the big support and 150.96 the big overhead resistance

IBB (Biotechnology) 340 resistance, 329 pivotal and 349 big guns 200 DMA

XRT (Retail) Unconfirmed recovery phase making 45.27 the 59 DMA pivotal

IYR (Real Estate) 3rd time stopping just under the resistance at 75.27 the 20O DMA. A move above good to follow now

ITB (US Home Construction) Depending upon how much you risk you either need to take some profit and either way, go to a no loss stop

GLD (Gold Trust) A move over 103 would be a relief with 104 even better

SLV (Silver) Under 13.40 trouble. Over 13.80 way better

GDX (Gold Miners) Over 14.00 best

USO (US Oil Fund) Now want to see 13 hold and this clear 13.50

OIH (Oil Services) Been in a range since early October-it’s getting ready to do something-inside day.

XLE (Energy) Same as with OIH except this had an inside day

XOP (Oil and Gas Exploration) Same as with XLE and OIH-even more compressed so drawn to this one

TAN (Guggenheim Solar Energy) Cleared 26.50 which now should hold

TLT (iShares 20+ Year Treasuries) Has some real overhead resistance between 121-122

UUP (Dollar Bull) Over 25.95 should continue higher

EEM (Emerging Markets) Like this if clears 35.20

IFN (India Fund) Subscribers: Eyes on this over 23.38 with risk to under 22.94 the 80 month moving average

FXI (China Large Cap Fund) Inside day right on the 50 DMA. Over 38.50 interesting

CORN (Corn) Subscribers: Watch for follow through over 22

BAL (Cotton) Subscribers: 41.00 max risk and now want to see it clear 42.25

DBA (PwrShs DB Ag Fd) Subscribers: 20.94 the 50 DMA

SGG (Sugar) Subscribers: Want to see cash hold 14.00

JO (Coffee) Subscribers: Confirmed recovery phase

***Market Tone: Short-term Positive 1, Intermediate-Term Positive 4, Long-Term Positive 9

NOTE: *All starred picks are from the automated list of picks (which now includes short picks!) denote that it has one or more of the 18 chart patterns we have used on the radar screen. For example, inside day, 2 days under floor trader pivots, phase change, brick wall or return to the 10 DMA, etc.

Tap here to view the September Live Coaching recording:
"How To Vet the Evening Watch Picks"

Longs:

ACE**
ADBE
ALK**
ALKS
AMZN
AWAY
BIDU
CB**
CIEN
CNO**
COST**
CRM**
CTRP**
CUBE**
DHR**
DIS**
DOW
FB
GE
GOOG**
INCY**
IPG**
JBL**
K**
KLAC**
LNKD
MNST**
MYGN**
NFX
OVTI
RDC
REGN
RTN**
SCO
SINA**
SNDK
SPLK
SYNA
TSO**
TTWO**
VLO**
WDAY
WNR**