Tuesday, January 6, 2009

Stocks Inch Up On Tuesday

DJIA + 62.21, +0.69% SP500 + 7.25, +0.78% NASDAQ Comp. + 24.35, +1.50% Russell 2000 + 9.68, +1.92% Exchange NYSE NASD Advancing 2,961 2,049 Declining 869 792 Oil $48.58 -$0.23 Gold $865.40 +$8.20 SOX 234.56 +11.27 VIX 38.56 -0.52 The VIX moved down confirming the move up in the SPX on Tuesday. Strongest Sectors: XLK +2.32%...XLB +2.24%...XLI +2.20% Weakest Sectors: XLV -1.63%...XLP -1.48%...XLU -1.43% Sector Watch Up Trending: Sideways: XLE, XLP, XLU, XLY, XLV, XLI, XLB, XLK, XLF Down Trending: From day to day over the next several weeks we will be adding some very exciting and positive features to Chart Signals so stay tuned and check back regularly. Real-Time Virtual Trade Review Many of you are aware of the real-time virtual trades that we do in our webcasts. This week I will be reviewing these in greater detail. As of today's close this is the status of the following trades: (Click images to enlarge) Dec 10 - Buy Jan 70 calls 2.85, today's close 9.20 + 222% Dec 23 - Buy Jan 50 calls 1.50, today's close 4.90 +222%
Dec 24 Buy Jan 45 calls 7.70, today's close 12.47 +61%
Dec 30 Buy stock 6.62, today's close 7.64 + 15.4%
ProphetCharts
Index Commentary The DJIA formed a small spinning top that did not confirm Monday’s bearish harami…closed above its 20, 30 and 50 DMA. The SPX formed a small spinning top that did not confirm Monday’s bearish harami…closed above its 20, 30 and 50 DMA. The Nasdaq formed a small spinning top that was a new high close…its highest close since Nov. 5…closed above its Dec 9 resistance high and it 20, 30 and 50 DMA. The RUT formed small white candle that was a new high close…highest close since Nov. 4…closed above its Dec 19 resistance high and it 20, 30 and 50 DMA. Stocks to Watch on Wednesday Leading Stocks: Holding Above 30 DMA AYE…PCLN…BAP…FLR…JCOM…JEC…PCR…ATK…RTN…SNA…WMS…HAS…JOSB…AMZN…BIIB…BYI…HDB…LFC…PSSI…CERN…FWLT…MTW…QSII…VMI…OI…FLS…BCO…MOS…NDAQ…ROST…VIVO…AET…POT…UTX…APH…CAM…CCC…CIR…CL…DECK…EPR…ESI…GES…GILD…JW.A…MYGN…ACL…BLUD…DNA…HLF…OSIP…AGN…KEX…LAYN…RCI…NEU…PSYS…RIO…SHW…AMED…PETS…SOHU…BCR…CAM…FLIR…NGS…NOV…SPN…WAB…CTSH…FSTR…IIVI…K…MCRS…NIHD…PCP…SWN…AMX…HP…ADBE…AME…ANSS…ATW…CHU…GME…MBT…MON…NE…NILE…RIMM…AAPL…AFAM…EZPW…LNN…RIG…VIP Moving Above 30 DMA = 3 ICLR…MMM…SYNA Moving Below 30 DMA = 6 CBST…CELG…DLTR…ENDP…TECH…TEVA Staying Below 30 DMA GIS…PTNR…AXYS…URBN…MTD…SINA…PRGO…PPD…ESRX…STRA… CHTT…DV…IRIS…ISRG…SPTN Tuesday’s Action Moving Up: MA, V, PCLN, SCHN, ONXX, ANR, BTU, MS, NIHD, LAMR, CNX, POT, MEE, BRCM, CLF, AEM, ZION, MOS, AFAM, GDX, LCC Moving Down: STRA, FSLR, NUE, CF, SOHU, MON, ADM, GRMN, NDAQ Intermediate Term Market Trend: Neutral – DJIA, SPX, Nasdaq, RUT Short Term Market Trend: Up

3 comments:

Anonymous said...

Dave:
Thank you!
Robert
CANI_212

TDanna said...

Thank you for overviewing the trades in your blog.. as it's real easy to get into and check up on what happened in the trading rooms.

Thanks Dave and here's to wishing us all a very Happy and Prosperous New Year!

Toni

jv said...

Dave, very nice site and would like more details on how to tune into your webcast.

Thx Jerry