The market didn’t move much today, and it probably needs some rest here. That would be a good thing. The S&P 500 chart is a good example of how resistance has become support. Through late November and early December, the S&P 500 traded sideways, running into resistance around 1115. But since breaking out, that level has provided perfect support. If the market pulls back here, look for this level to provide support.

A boring day for trading. I had 2 triggers, and neither moved much, but still hopeful with these.


This market has been fun and easy to trade. While the S&P 500 as chopping around in November and December, swing trades were a bit difficult to hold on to. But since the breakout in late December, the money is in holding. DRWI and F were a couple of stocks I said I thought were good longer term trades. Just look at them go.


There are just too many charts to post on recent winners, but here’s a recent trigger that had a good day today.

Trade Ideas for 01/07/10:






Good luck and good trading!