Top Stock Traders

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 !

Follow Top Stock Traders' most current updates at: http://www.twitter.com/topstocktraders

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.

Please read over the Terms of Service. In all financial markets, a high level of risk is involved. Website information, emailed newsletters, and trading notes are intended to provide information for investors and traders only. Readers are advised that this electronic publication is issued solely for information purposes and should not to be construed as an offer to sell or the solicitation of an offer to buy any security. This information is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. We encourage you to consult with independent financial advisers with respect to any investment in the securities mentioned herein.

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


	Exchange Traded Funds

	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.