S&P500 charts

S&P500 Charts, 1950's, 60's, 1973-74 Bear Market, 1987 crash, 1990's, Double top 1999-2008

 

Sunday December 20, 2009 , 10:00 am EDT.

The S&P500 continues to grid in a trading range. Gold has corrected, but could remain in a longer bullish trend. The Russell 2000 IWM is still off the September 2009 highs. The commodities play has been weakened over the past 2-3 weeks with the USD advance. The next few weeks will have low volumes and will not be reliable for trading signals. A good number of the stock picks are trending higher or breaking out. If the market turns down into January, jump to more defensive positions (sell) and keep stop-losses in place. Merry Christmas !

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Close USA CAN Ticker ETF / Stock Bottom

Fishing

Breakout

Watchlist

Break-out Stage 1 Stage 2 Stage 3
Dec 18 X   ANR Alpha Natural resources   43.50      
Dec 18 X   ARM Arvinmeritor     11.07    
Dec 18 X   BEXP Brigham Exploration     13.35    
Dec 18 X   BMY Bristol Myers   25.78      
Dec 18 X   CENX Century Aluminum     15.42    
Dec 18 X   GXP Great Plains     19.91    
Dec 18 X   HPQ Hewlett-Packard       51.50  
Dec 18 X   IVN Ivanhoe Mines   14.35      
Dec 18 X   MRVL Marvell technology       19.99  
Dec 18 X   MA MasterCard       254.84  
Dec 18 X   NYB New York Comm. Bankcorp     14.36    
Dec 18 X   NWS News Corp Ltd. possible Triple top BO.   15.70      
Dec 18 X   NU Northeast Utilities     26.07    
Dec 18 X   ORCL Oracle, volume move   24.34      
Dec 18 X   OC Owens Corning   26.59      
Dec 18 X   PWER Power-One, uptrend       4.57  
Dec 18 X   SBUX Starbucks     23.68    
Dec 18 X   TIE Titanium Metals   11.31      
Dec 18 X   V Visa, volume surge       88.97  
Dec 18 X   WLL Whiting Petroleum     70.01    
                   
Dec 18   X JIN Jinshan Gold, first update Nov 20 at $2.55     3.03    
Dec 18   X BXE Bellatrix Exploration     2.70    
Dec 18   X CLM Consolidated Thompson       6.83  
Dec 18   X CR Crew Energy       13.76  
Dec 18   X GBU Gabriel Resources     4.45    
Dec 18   X GCE Grande Cache Coal     5.64    
Dec 18   X IVN Ivanhoe Mines   15.30      
Dec 18   X RR Rainy Resources       4.15  
Dec 18   X TKO Taseko Mines       4.69  
Dec 18   X WTL West Energy Ltd.       3.94  
Dec 18   X XRC Exeter Resource     8.25    

 

Top Stock Traders uses technical analysis to pick stocks on the US and Canadian Markets. We research and code technical stock scans. Based on chart patterns, we pick potential set-ups for short-term trading. New traders can use this website to learn the basics of disciplined technical trading. Our intent is to help you become a better trader.

 

 

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Stock Phases

Stock Phases define the 4 market cycles. Updated October 10,2009

   
 

ETF's

Exchange Traded Funds

 

 

 

Finance video

Latest Finance news

 

 

 

Table 1. We define the watch list as a stock or ETF nearing a local breakout or bottoming formation. The breakout is a stock closing above local resistance with higher volume as the confirmation signal. Stage 1-2 are stocks which have broken out and are moving higher. Stage 3 are stocks which are rising on the upper Bollinger Band and become more risky for a reversal. All stage 3 stocks are trending and could be nearing the target price. Stage 3 for traders could be opportunities to sell and take profits as the stock weakens. A stage 3 stock will decrease in upward momentum and move closer to the 20 day moving average. If a stage 3 stock crosses the 20 day moving average, it's time to get out with a stop-loss. All stocks/ETF's should have stop-losses reset daily to preserve downside risk.

BKO=Break-out. The BKO is a $ resistance point in the past 1 month to 1 year. A close 2-5% above the BKO would indicate a move higher. Volume is needed to confirm the break-out direction.

 

 

 

 

 

 

 

Category, "BF" or bottom fishing. Our picks are ETF's or stocks which are near the lower end of past trading ranges and are possibly due for a technical bounce. As a stock moves sharply lower, selling intensifies on volume. A set-up for a short term (5-10 day) trade is nearing. Slowly build positions and do not jump in with greater than 5% of your portfolio. Stop-losses are needed, or stay out of the trade.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




 

 

 

 

 

 

 

 

 

 

 

 

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