I’ve been writing in the last couple of posts that some rest here would be good. I was a bit concerned that the indexes didn’t find much support in the day, but as you can see in this chart of the S&P 500, support could be coming ala the 50-Day MA. If it can find support there, then we should see a nice bounce. Hopefully out of this trading range and into new highs. But, one day at a time.

I didnt have any triggers today. I had HITK on my screen last night, and missed it today. That sucked. I liked the recovery in DRWI today, which makes me hopeful that today was a shakeout.

Trade Ideas for 12/18/09:

Getting a late start tonight. See my Watchlist for the stocks I will be watching tomorrow.

Good luck and good trading!