Daily Market Analysis Blueprint 11/27/13

Morning folks, remember no Daily Analysis tomorrow due to thanksgiving and US markets shut. Today’s commentary is below the Zones.

SPY – yesterday retested and held the middle caution zone area, the longs fought to hold the break out retest of the top of the caution zone at 180.67 for a move up to the second target area 181.22 before coming back in the final hour to the top of the caution zone. If the bulls hold the caution zone today and make high highs, higher lows, watch for key resistance in 181.60 area. If the bears can bring it firmly out of the bottom of caution 180.60, then watch for key potential support at 179.75 area.
ES – yesterday, as noted when price is plus or minus 15 points of a round number like 1800, it goes sideways and it spent the day tracking sides ways with an initial hold of the bottom of the caution zone 1799, for pin-pong to top of caution zone, 1807 before coming back down to lower area by the close. If the bears break down today watch for potential key support at 1791.50 area.
AAPL – yesterday, as we were looking for it continued making higher highs, opening in the buy zone, punching through the first target of 526.07, holding the retest of that, then through the second target, 528.41, holding the retest of that and pushing on to the third target 533 and holding the retest on that before crowning out with an almost double-top before closing just above the 533 area. Nice move which Marc has been calling since last Monday and I mentioned in this Monday’s video. We are now at a potentially key resistance level, 534.70, so pay attention to any runners you are still in.
GOOG – yesterday, similar story to AAPL, opened in the buy zone, moved fast through first and second targets by lunchtime, held the retest of second target 1054 and then steadily headed to a near touch of the runner target at 1062. Today, if you are still in your runners, watch for targets 62/71/81.
ZB – yesterday held the restest of top of caution zone 132’03 for continued long through first target 132’20. Today be aware there is potentially strong resistance at the top of the caution zone, 132’23
CL – yesterday lots of two-way chop in the caution zone, 94.25 – 93.55. If it breaks below today’s caution zone bottom at 93.25 and fails the retest, potential runner target of 92.00 area where there is key support.
YM & NQ – yesterday both opened in their buy zones, hitting tow targets each for the day, although NQ was much smoother than YM. Be careful of YM in today’s caution zone 37-107. NQ, for longs important to hold top of caution zone, 3447 but watch for deeper retrace into caution zone before the holidays.