Monday, December 28, 2009

Weekly Watchlist 12/28

Another short low volume week is ahead and it should be interesting to see if the SPX keeps grinding up on this low volume trade. I think it will. A positive close to last week should give us continued momo into the 1135-1140 area short term.

Last week the Nasdaq and tech related names rallied and led the way. If tech continues to move higher that is a positive sign into the new year as the market has been searching for a leader to ignite the next leg up if it is to come. Energy and banks have lagged this month but last week energy started to show some life and perhaps maybe financials are next?

Buy the dips>> PDE, VFC, TSL, ABV, TRLG

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