Watchlist & Stock Picks 11/28/08

Alright, today is the infamous "Black Friday" when shopping is at its best and worst. The best deals and the worst lines at the register. I really don't know how the market's going to react, to me, logic tells us that when all the dust has settled Monday's trading will reflect how consumers spent on Friday. But on this short trading day we could very well see excitement about consumer spending, thus perhaps making short selling a little precarious. Let's just watch and see - I might not even trade given the unsure conditions.

Wednesday's rally took out all but one that we were watching, not to worry - we've got a few more. I'm still recommending shorts because that's the general trend of the market...Some of these may not be ready for today, but maybe Monday or Tuesday - just watch for the set-up.

SHORT:

My favorites:

BBV

AIB

Others:

APOG - if it makes the set up properly.

BCS - little strange in its recent patterns but I like that it went down on a rally day - show potential for sticking to its trend.

BPZ - if it goes down tomorrow, consider getting in on Monday.

BWS

DELL

DPM

EK

ELNK

EWO - went down on a rally day - perhaps a good sign

FARO

FSS

FUN

GTLS

HWCC - interested to see what

ICON

KELYA

LEG

M

MTH - large amount of room to move

MWE

OHI

QLGC

More coming soon...