The market pulled back a bit today on heavier volume. With the indexes still in their trading ranges, I wouldn’t be surprised to see the market continue to move lower for now. Notice in this chart of the S&P 500 that the 50-Day SMA is now at the lower part of this range. This could offer some good support if the market does move lower. I’m still hopeful for a rally into 2010.
I had 4 triggers today. The best mover was F, which I like a lot.
DTG also moved higher. I like this as long as it stays above the 50-Day SMA.
Med poked higher but pulled back.
CAAS triggered early. I thought it could run, but it didn’t. This is a bit extended so I’m not holding it.
Yesterdays trigger DRWI added a little. I like this one longer term.
WLT was another trigger yesterday, and it added nicely today.
WAT triggered last week.
I mentioned this recent trigger last night, that it could make another move today..and it did. Up 4.29% today.
This recent trigger just keeps moving.
Good luck and good trading!
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