Momentum Trader Report: 12/14/09

A very nice day in trading today. The market moved higher on heavier volume in the AM. All three of the major indexes are now sitting at the top or just above their trading ranges. It’s possible they could pull back from here. That would not be a bad thing. It would be nice to see a little rest now for a rally into 2010.

I had some nice triggers today, as well as continuation in Fridays triggers. Here are the charts of todays triggers:

WAT and INFY triggered on Friday with tiny movement, but they did fine today.

SKX triggered Thursday, and has been moving higher since.

I havent been holding on to stocks to long this month. But looking at some of the triggers from earlier this months shows many are still moving. Just looks at these.

WCRX was one that triggered, and offered another buy point last week.

Could TSL do the same?

Trade Ideas for 12/15/09:

Good luck and good trading!