Momentum Trader Report: 12/20/09

We are now entering a holiday week which will see less volume, and therefore, a likely positive bias. If so, then perhaps we can see the indexes finally breakout of their consolidation patterns.

I had one stock from the Watchlist trigger on Friday. It was TTM, which didn’t move much higher, and might need some more work to move higher from here.

There was some fantastic moves in other recent triggers though, most notably DAN, which was up nearly +12% on Friday.

Here’s some other recent triggers that moved Friday:

I mentioned in a post almost 2 months ago that the real estate sector is starting to show some strength. I took aa position in IYR then that I was stopped out of. It looks like I may have been a bit early because the sector is firming up and appears that it could move higher, as seen in this real estate ETF, DRN:

Another ETF I like as a swing trade is QLD, the ultra NASDAQ ETF.

Trade Ideas for 12/21/09:

Good luck and good trading!