Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

*Blue Plate Specials* - May 20

Daily picks, pans, and market notes from StockMarketCookBook.com:


Breaking Out to New Highs: AAP
New Lows: CCM, CHNG, CPIX, DO, EEFT, FUQI, GAME, GDP, GOK HAWK, ITMN, JRJC, KSP NZT, ORN, PNSN, RIG, SD, SGMS, STV, WG, ZSTN
Breaking Out: NTT
Breaking down: AAPL, ACL, AMZN, APA, ATI, AVB, BPT, BWLD, BUCY, CISG, CLB, CLDX, CMI, EOG, EQIX, FCX, IOC, IRE, ISRG, LCAV, MAN, MF, NDSN, PKX, ROK, SHLD, SLB, TRGL, TTC, WHR, WLL, WNC, WYNN, XEC
The Biggest Dogs of the Day: Oil & Gas drillers & svcs, Heavy machinery, Precious metals & miners, Agribiz, Internet retailers
Currency Notes: Yen (NYSEARCA:FXY) jumps; Euro (NYSEARCA:FXE) rebounding off of low; Yuan (NYSEARCA:CYB) making a new low; Swedish Krona (NYSEARCA:FXS), Aussie $ (NYSEARCA:FXA), Loonie (NYSEARCA:FXC) continue to slide; US$ taking a break
Commodity Lows: Solar (TAN, KWT), Wind (NYSEARCA:FAN), Clean energy (ICLN, PBW, ICI, PBD), Nuclear energy (NYSEARCA:NLR), Oil (NYSEARCA:OIL)
Commodity Breakdowns: Water (FIW, PHO, PIO), Timber (NYSEARCA:CUT), Metals & Miners (NYSEARCA:XME), Steel (NYSE:X), Palladium (PAL), Oil & Gas Co's (IEO, OIH, PXI, XOP)
Sector Breakdowns: Consumer Discret. (NYSEARCA:XLY), Energy (NYSEARCA:XLE), Natural Resources (NYSE:VNR), Retail (XRT, RTH), Health care (XLV, IXJ), Consumer Staples (NYSEARCA:XLP), Pharma (PJP, IXI), Banks (IAT, KBE), Medical Devices (NYSEARCA:IHI), Aero & Defense (NYSEARCA:PPA), Homebuilders (NYSEARCA:XLV), Insurance (NYSEARCA:KIE)
Fighting Back: Credit card co's
Country Lows: China (NYSE:CAF)
Market Notes: SPX right at 1085 major support; DTX at 420 support; DJIA just below 10200 support; Nasdaq closing in on 2200 major support; VIX putting in new yearly high; moderate Trin (1.20) suggests we still haven't hit rock bottom
Trading Notes: As the market nears oversold conditions, options traders might consider selling index puts or bull-put credit spreads to capture heightened volatility

Disclosure: No positions