THE DAILY BRIEF

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Friday 11.27.2009

CURRENT MARKET SENTIMENT

Nothing matters more than the first, second market. Selling pressure is the key to a further
and third print! As the market worries about move down. With half day, there is limited
what to do next, will there be contagion? The time for getting out orderly.
S&P came back from 1068 to 1082, pre-

PRISM CALL

Expected moves that yield no trading opportunity! The market will sell first and reflect what’s next.
The banks are the first to suffer from a sectoral point of view. Commodities are very likely to fair
better. Be careful on the shorts given that we are so far down in one day.

ECONOMIC CALENDAR INDU & SPUZ TECHNICALS

NO ECONOMIC NUMBERS TODAY! INDICES S2 S1 PIVOT R1 R2

INDU
10155 10418 10456 10493 10516
(DOW)
SPUZ
(S&P) 1102 1105 1109 1113 1115

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 FOREIGN MARKETS NEWS

%
CRH CRH plc initiated with a
MARKET PRICE

Sell at ING Group (26.51 )
FTSE 5189.1 5.03 -0.1
VLO Credit Suisse notes that the
DAX 5611.64 2.53 -0.05 depressed refining environment
HANG SENG 21134.5 1075.91 -4.84 continues

NIKKEI 9081.52 301.72 -3.22 Equity futures sharply lower

after Dubai debt worries trigger
CHINA 3096.2265 74.715 -2.36 overseas selloff

Dubai World has $20 bln of

COMMODITY PRICES
loans and bonds coming due in
the next 18 months, and the
COMMODITY PRICE
 banks reportedly with the
greatest exposure are
OIL 74.33 3.63 concentrated in Europe,
specifically the UK.

GOLD 1160.8 2.20 Bank of Japan checks rates, but

intervention unlikely – Reuters

FRO Frontline beats by $0.05,

beats on revs (26.99 )
UPGRADES & DOWNGRADES
DE Deere: RBC lowers their
STOCKS UPGRADED FY10 revenue est below
BROKERAGE consensus following earnings
COMPANY RATINGS CHANGE PRICE TARGET
FIRM Wednesday morning (53.70 )
RBC Capital Sector Perform » $4.50 »
QLT Inc (QLTI)
Mkts Outperform $6
Prudential Plc
Citigroup Hold » Buy
(PUK)
STOCKS DOWNGRADED

BROKERAGE
COMPANY RATINGS CHANGE PRICE TARGET
FIRM
Sector Outperform »
CGI Group (GIB) Scotia Capital
Sector Perform
HSBC
ABB Ltd (ABB) Overweight » Neutral
Securities
EuroBancshares Keefe Outperform » Mkt
(EUBK) Bruyette Perform

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 TECHNICAL ANALYSIS

Symbol S7 S6 S5 S4 S3 S2 S1 PIVOT R1 R2 R3 R4 R5 R6 R7
Sectors
SPX 1095.99 1098.45 1099.97 1102.42 1104.88 1105.64 1106.39 1108.85 1111.31 1112.07 1112.83 1115.28 1117.74 1119.26 1121.71
INDU 10334.53 10357.65 10371.94 10395.07 10418.19 10425.34 10432.45 10455.61 10478.76 10485.88 10493.02 10516.15 10539.27 10553.56 10576.69
NDX 1775.14 1778.35 1780.33 1783.54 1786.75 1787.74 1788.72 1791.94 1795.15 1796.14 1797.13 1800.34 1803.55 1805.53 1808.74
XBD 112.11 112.41 112.59 112.90 113.20 113.29 113.38 113.69 113.99 114.08 114.17 114.48 114.78 114.96 115.27
BKX 43.25 43.44 43.57 43.76 43.95 44.02 44.07 44.27 44.47 44.53 44.59 44.78 44.97 45.10 45.29
TRAN 3909.98 3920.54 3927.06 3937.61 3948.17 3951.43 3954.67 3965.24 3975.81 3979.06 3982.32 3992.87 4003.43 4009.95 4020.50
OIX 683.08 686.64 688.84 692.40 695.96 697.06 698.16 701.72 705.28 706.38 707.48 711.04 714.60 716.80 720.36
OSX 183.76 185.61 186.75 188.59 190.44 191.01 191.58 193.42 195.27 195.84 196.41 198.25 200.10 201.24 203.08
XNG 485.66 490.58 493.63 498.56 503.48 505.01 506.52 511.46 516.39 517.91 519.43 524.36 529.28 532.33 537.26
CYC 768.38 773.12 776.06 780.81 785.55 787.02 788.48 793.24 797.99 799.45 800.92 805.67 810.41 813.35 818.10
UTY 390.11 392.09 393.31 395.29 397.27 397.88 398.49 400.47 402.45 403.06 403.67 405.65 407.63 408.85 410.83
DRG 302.88 304.27 305.12 306.50 307.89 308.31 308.74 310.12 311.51 311.93 312.36 313.74 315.13 315.98 317.36
RLX 396.16 398.39 399.77 402.01 404.24 404.93 405.62 407.86 410.09 410.78 411.47 413.71 415.94 417.32 419.56

Tradeables

SPY 109.87 110.13 110.29 110.55 110.81 110.89 110.97 111.23 111.49 111.57 111.65 111.91 112.17 112.33 112.59
DIA 103.28 103.52 103.67 103.92 104.16 104.24 104.31 104.56 104.80 104.88 104.95 105.20 105.44 105.59 105.84
QQQQ 43.72 43.80 43.85 43.93 44.01 44.03 44.06 44.14 44.22 44.24 44.27 44.35 44.43 44.48 44.56
QLD 54.17 54.37 54.49 54.69 54.89 54.95 55.01 55.21 55.41 55.47 55.53 55.73 55.93 56.05 56.25
IWM 58.35 58.56 58.70 58.91 59.12 59.19 59.26 59.47 59.68 59.75 59.82 60.03 60.24 60.38 60.59
OIH 113.32 114.57 115.34 116.60 117.85 118.24 118.62 119.88 121.13 121.52 121.90 123.16 124.41 125.18 126.44
XLE 55.66 56.08 56.34 56.77 57.20 57.33 57.46 57.89 58.31 58.44 58.57 59.00 59.43 59.69 60.12
FAZ 18.48 18.68 18.81 19.01 19.21 19.28 19.34 19.54 19.74 19.81 19.87 20.07 20.27 20.40 20.60
FAS 72.36 73.15 73.65 74.44 75.24 75.49 75.73 76.53 77.33 77.58 77.82 78.62 79.42 79.91 80.71
SRS 8.53 8.60 8.64 8.71 8.78 8.80 8.82 8.89 8.96 8.98 9.00 9.07 9.14 9.18 9.25
SDS 34.88 35.04 35.15 35.32 35.48 35.54 35.59 35.76 35.92 35.98 36.03 36.20 36.36 36.47 36.64
USO 36.52 37.02 37.32 37.82 38.32 38.47 38.62 39.12 39.62 39.77 39.92 40.42 40.92 41.22 41.72
SKF 23.47 23.64 23.74 23.91 24.08 24.13 24.18 24.35 24.52 24.57 24.62 24.79 24.96 25.06 25.23

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