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Saturday, November 21, 2009 7:20 PM

Published 11/06/2009 by Yahoo! Canada


Growth Stock Swing Option: Nov 5, 2009

MARKET ANALYSIS

Reversing the reversal of the larger reversal, bulls square off with 'Dow 10,000' and a potential H & S top. For the three day period the SP-500 (SPY) is up 2.43% on more cheers than motivated punch from bulls.

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...Cognizant (CTSH). "Give 'em what they want' status quo update from FOMC Wednesday.Slightly worse but expansion ISM Services and 'trending nicely' ADP data.SIA boosts semis global growth to 10.1% for 2011 Thursday.Pleasing productivity surprise of 9.5% and better-than-feared claims data.Key highlights for 'sell-e-brating' a little during the latest relief rally:J&J (JNJ) produces tears for several thousand pink-slipped employees.Semi sector ((SMH, INTC, ALTR, SNDK, XLNX, KLAC and ARMH) receives multiple downgrades Wednesday.Larger technical outlook."

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