The NASDAQ had made quite a move in the last few trading days. It’s hard to imagine this going much higher without some rest first. As the market goes, so do most stocks, so I’m tightening stops on stocks I am still holding.

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Two breakouts today. ABV has been on my watchlist a long time; well over a month. Last night I changed the buy point to 100. It broke out today.

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CBD also broke out, but didn’t move much. It probably could use some rest.

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SALM broke out yesterday making a nice move. It added a bit to that today.

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I’m only holding most of my trades for a few days tops. But there have been some stocks that have continued to move for week, like UIS. It pays to hold on to some shares at least.

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Trade Ideas for 12/30/09:

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Good luck and good trading!