Momentum Trader Report: 01/28/09

The market looked strong today, with the indexes closing higher on heavier volume. Today counted as a follow-through day using IBD rules, which means we are now in a confirmed rally.

There were two triggers from the Watchlist this week. Let’s look at those:

Here’s a pick from earlier this month that triggered on 01/05/09.

As I said then, I liked this one longer term. With a stop below the December lows, this has provided some nice gains.

Trade Ideas for 01/29/09:

Good luck and good trading!