THE DAILY BRIEF

2385 Executive Center Drive, Suite 400 • Boca Raton, Florida 33431
Phone: (561) 922-5266 • Fax: (561) 623-6235
www.prismtradingschool.com

Monday 11.23.2009

CURRENT MARKET SENTIMENT

A three day week, post expiration day and The Conference Board’s confidence index)
limited economic data, may form a recipe for supported by the Technicals (the S&P crossing
the unexpected. The market finished mixed, the 1094 mark and the Dow over 10337)
the Dow closed at 10318 and the S&P rounded should propel thus, this becomes the likely
down to 1091. The question is what can propel support on the downside. On the upside, the
the indices? Important economic data major indices will possibly flirt with the second
(Existing Home Sales, 3rd quarter GDP, and resistance or above.

PRISM CALL

Sell on eve and buy on the first day of post expiration. The futures are strong, which imply sell the
initial move and buy the dips for the second move. Given it is the first day of week, volume will be
light and the first move requires the agility of a magician. Look for dips over the pivot as the market
is looking to squeeze the shorts.

ECONOMIC CALENDAR INDU & SPUZ TECHNICALS

TIME INDICATOR RANGE EXPECTATION PRIOR ACTUAL INDICES S2 S1 PIVOT R1 R2

8:30 Chicago Fed -- -0.81
am
INDU
Nat Activity 10240 10267 10311 10355 10382
(DOW)
Index
10:00
SPUZ
Existing 5.70M 5.57M
am (S&P) 1083 1086 1091 1096 1099
Home Sales
10:00 Existing 2.3% 9.4%
am Home Sales
MoM

Page |1
RISK DISCLAIMER: There is a very high degree of risk involved in trading equities. Trading is not for every investor and only risk capital should be used. Past results are not indicative of future returns. Prism
Trading School, LLC (“Prism”) and all individuals affiliated with Prism assume no responsibilities for your trading and investment results. The indicators, strategies, articles and all other features are for educational
purposes only and should not be construed as investment advice. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves and hereby and absolutely
agrees to indemnify and hold harmless Prism, its principals, agents and employees. All of the material contained herein is believed to be correct, however, Prism will not be held responsible for accidental oversights,
typos or incorrect information from sources that generate fundamental and technical information. Prism does not warrant the completeness or accuracy of such information, and does not warrant any results from the
use of the information. Your use of Prism materials is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any
trade and make your own independent decisions regarding any securities mentioned herein. Prism affiliates may have a position or effect transactions in the securities described herein (or options thereon) and/or
otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.
 FOREIGN MARKETS NEWS

According to DJ, Goldman

MARKET PRICE
 %
Sachs upgrades NDAQ and
FTSE 5334.71 83.30 1.59 EVR to Buy from Neutral, and
upgrades MKTX to Neutral
DAX 5752.7 89.55 1.58 from Sell. Firm downgrades
HANG SENG 22771.39 315.55 1.41 JEF to Sell from Neutral and
downgrades NITE to Neutral
NIKKEI 9497.68 - - - from Buy.
CHINA 3338.663 30.317 0.92 UPS UPS releases new list rates
for 2010 (57.51 +0.36)
DOW STOCKS TO WATCH COMMODITY PRICES
OSK Oshkosh Corp exceeds
November M-ATV delivery
STRONG WEAK COMMODITY PRICE
 requirement (37.97 -1.19)
BA TRV
OIL 78.34 0.87 DISCA Discovery Comm.
AXP JNJ mentioned positively in Barron's
(31.16 )
MCD WMT
GOLD 1165.5 18.70
IBM LORL Loral Space &
Communications mentioned
positively in Streetwise -
Barron's (29.04 )
UPGRADES & DOWNGRADES
BBT BB&T mentioned
STOCKS UPGRADED positively in Barron's (24.60 )
BROKERAGE
COMPANY RATINGS CHANGE PRICE TARGET
FIRM T AT&T mentioned positively in
Met-Pro Corp (MPR) Brean Murray Hold » Buy $12 Barron's (26.02 )
AnnTaylor (ANN) Thomas Weisel Market Weight » Overweight $16 » $18
VRX Valeant Pharma
FirstService (FSRV) RBC Capital Mkts Sector Perform » Outperform mentioned negatively in
Barron's (33.28 )
China Telecom (CHA) Credit Suisse Underperform » Neutral

Keithley (KEI) Thomas Weisel Market Weight » Overweight GME GameStop mentioned
negatively in Plugged In -
Rigel Pharms (RIGL) RBC Capital Mkts Sector Perform » Outperform Barron's (25.49 )
Silver Wheaton (SLW) RBC Capital Mkts Sector Perform » Outperform
VVUS Vivus: Merriman notes the
Zions Bancorp (ZION) Soleil Hold » Buy $17.50
FDA, EMEA are examining
increase in cardiovascular events in
AmerisourceBergen (ABC) Bernstein Underperform » Mkt Perform $21 » $24 patients taking sibutramine (8.42 )
$10.75 »
DR Horton (DHI) Citigroup Sell » Hold HPQ Hewlett-Packard: Anticipate
$10.50
results consistent with positive
Starbucks (SBUX) Jefferies & Co Hold » Buy $22 » $25 preannouncement; Dell miss is co-
specific - Kaufman (50.04 )

Page |2
www.prismtradingschool.com
 NEWS & EARNINGS

SPPI Spectrum Pharma and Handok Pharmaceuticals announce collaboration agreement for
Apaziquone in South Korea; total deal value could exceed $19 mln (4.74 )

APC Anadarko Petro announces successful pre-salt appraisal offshore Brazil (61.29 )

SJM J.M. Smucker tgt raised to $67 at Jefferies following Q2 report as they see the shares undervalued
(56.35 )

ANN AnnTaylor: Thomas Weisel upgrades to Overweight from Market Weight and raises their tgt to
$18 from $16 following better than expected 3Q09 results (13.62 )

MRK Merck Wins Summary Judgment in Texas Attorney General's Lawsuit Involving VIOXX

RTN Raytheon: FBR Capital raises Q4 est ahead of consensus expecting better margins (50.59 )

MTXX Matrixx Initiatives response to Zicam warning letter doesn't satisfy FDA - DJ (4.22 )

MOS Potash industry barriers to entry moving higher - RBC Capital Mkts

DXR Daxor Corporation declares special year-end dividend of $1.00 per share (14.00 )

CPB Campbell Soup raises FY10 sales and EPS outlook

CDCS CDC Software raises its full-year profit guidance to $17.2-$19.3 mln; revenue guidance has not
changed at $197-$200 mln

JOBS 51job beats by $0.09, beats on revs; guides Q4 revs above consensus and announces resignation of
CFO (16.66 )

LDK LDK Solar beats by $0.37, beats on revs; guides Q4 revs above consensus (8.00 )

BTU Steam coal prices base and rise; 4Q09 expect more cuts but faster gains - FBR Capital (45.39 )

TSN Tyson Foods beats by $0.02, beats on revs (13.07 ) Reports Q4 (Sep) earnings of $0.28 per share,
excluding non-recurring items, $0.02 better than the First Call consensus of $0.26; revenues rose 0.2%
year/year to $7.21 bln vs the $6.88 bln consensus.

WFT Weatherford ests lowered at Credit Suisse (16.93 )

VLO Valero Energy ests raised at Credit Suisse following refinery closure (16.47 )

VAL Valspar beats by $0.04, reports revs in-line; guides FY10 EPS in-line (27.55 )

Page |3
www.prismtradingschool.com
 TECHNICAL ANALYSIS

Symbol S7 S6 S5 S4 S3 S2 S1 PIVOT R1 R2 R3 R4 R5 R6 R7
Sectors
SPX 1075.25 1078.25 1080.10 1083.10 1086.10 1087.02 1087.94 1090.95 1093.95 1094.87 1095.80 1098.80 1101.80 1103.65 1106.65
INDU 10168.77 10195.91 10212.68 10239.81 10266.95 10275.33 10283.68 10310.85 10338.03 10346.37 10354.76 10381.89 10409.03 10425.80 10452.93
NDX 1742.88 1746.83 1749.28 1753.23 1757.18 1758.41 1759.62 1763.58 1767.54 1768.76 1769.98 1773.93 1777.88 1780.33 1784.28
XBD 112.89 113.48 113.84 114.44 115.03 115.21 115.39 115.99 116.58 116.76 116.94 117.54 118.13 118.49 119.09
BKX 42.77 42.95 43.05 43.23 43.41 43.46 43.51 43.69 43.87 43.92 43.97 44.15 44.33 44.43 44.61
TRAN 3877.45 3889.74 3897.33 3909.61 3921.90 3925.69 3929.47 3941.77 3954.07 3957.85 3961.65 3973.93 3986.22 3993.81 4006.09
OIX 664.58 668.67 671.20 675.28 679.37 680.63 681.89 685.98 690.08 691.33 692.60 696.68 700.77 703.30 707.38
OSX 179.52 181.52 182.75 184.75 186.75 187.37 187.98 189.98 191.98 192.60 193.21 195.21 197.21 198.44 200.44
XNG 480.97 483.93 485.76 488.72 491.68 492.60 493.51 496.47 499.43 500.35 501.26 504.22 507.18 509.01 511.97
CYC 759.75 763.78 766.27 770.29 774.32 775.56 776.80 780.83 784.86 786.10 787.35 791.37 795.40 797.89 801.91
UTY 384.09 385.35 386.12 387.38 388.64 389.03 389.41 390.67 391.93 392.32 392.70 393.96 395.22 395.99 397.25
DRG 296.44 297.62 298.35 299.53 300.71 301.07 301.43 302.62 303.80 304.16 304.53 305.71 306.89 307.62 308.80
RLX 387.78 390.18 391.67 394.07 396.47 397.22 397.95 400.36 402.77 403.51 404.25 406.65 409.05 410.54 412.94

Tradeables

SPY 107.90 108.19 108.36 108.65 108.94 109.03 109.11 109.40 109.69 109.78 109.86 110.15 110.44 110.61 110.90
DIA 101.68 101.96 102.13 102.41 102.69 102.78 102.86 103.14 103.42 103.51 103.59 103.87 104.15 104.32 104.60
QQQQ 42.88 42.99 43.05 43.15 43.26 43.29 43.32 43.42 43.53 43.56 43.59 43.69 43.80 43.86 43.96
QLD 52.16 52.41 52.57 52.83 53.08 53.16 53.24 53.50 53.75 53.83 53.91 54.17 54.42 54.58 54.84
IWM 57.07 57.34 57.51 57.78 58.05 58.14 58.22 58.49 58.76 58.85 58.93 59.20 59.47 59.64 59.91
OIH 111.72 112.84 113.54 114.67 115.79 116.14 116.49 117.62 118.75 119.09 119.44 120.57 121.69 122.39 123.52
XLE 55.01 55.30 55.49 55.78 56.07 56.17 56.26 56.55 56.84 56.94 57.03 57.32 57.61 57.80 58.09
FAZ 19.06 19.24 19.35 19.52 19.70 19.75 19.81 19.98 20.16 20.21 20.27 20.44 20.62 20.73 20.90
FAS 71.34 72.05 72.48 73.20 73.91 74.13 74.34 75.06 75.77 75.99 76.20 76.92 77.63 78.06 78.78
SRS 8.60 8.66 8.70 8.76 8.82 8.84 8.86 8.92 8.98 9.00 9.02 9.08 9.14 9.18 9.24
SDS 35.99 36.18 36.30 36.48 36.67 36.73 36.79 36.97 37.16 37.22 37.28 37.46 37.65 37.77 37.95
USO 38.17 38.39 38.52 38.73 38.95 39.01 39.08 39.29 39.51 39.57 39.64 39.85 40.07 40.20 40.41
SKF 23.91 24.06 24.16 24.31 24.46 24.51 24.56 24.71 24.86 24.91 24.96 25.11 25.26 25.36 25.51

Page |4
www.prismtradingschool.com