Thursday, December 31, 2009

This Is It...Happy New Year...

The Weekly Wrap is today at 4:30 pm ET...Don't miss Dave Johnson and Tom Sosnoff's final comments of 2009...once in a lifetime...there'll never be another 2009! 3:22 pm ET - well less than 40 minutes to go...I hope 2009 has been a great trading year for you...XLF is up a whopping 6 cents and every other sector is down...so as a result the SPX is down almost 4 points going into the close...it has been one more very tight trading range of just 6.08 points so far...well what did we expect for a holiday shortened week?... I'll have a great New Year's post that will be up Friday/Saturday in addition to tonight's post...so be sure to check back...new changes are coming... 12:40 pm ET - Two breakouts and two C Patterns from Wednesday night's post - 50/50 - Breakouts DECK -0.93 is pausing after a gain of +4.13 on Wednesday and GMCR is up +2.43...CPatterns GS +2.78 and CEDC -0.64...the good news is the gainers are up more than the pausers are down... BMO – ES +2.25 and NQ +3.50 futures are higher in pre-market trading pointing to a higher open. AAPL +1.80, AMZN +0.76, GOOG +1.77 and BIDU +2.32 are higher in pre-market trading. Based on pre-market trading it looks like the SPX has a shot at exceeding its 52-week of 1,130.38 set on Monday and Tuesday. This is the final trading day of 2009 and the NASDAQ four of AAPL, AMZN, GOOG and BIDU are all higher in pre-marketing trading. We’ll see if that translates into a strong up day to finish off a great 2009 that most people were simply stunned by. Don’t let everyone’s bullish mood fool you. Most people who write or talk about the market were citing a down January and that silly January Barometer, 11 months ago as an indication for a down year. If you are still listening and reading to those who cited that, then you deserve any confusion that they create in your thinking. Oh yes, that dreaded Straight Talk from a Pro. There is still a 1,234 chart target for the end of January. The Euro is up 60 pips in overnight trading. Oil is up 5 cents in electronic trading. XLE is up 14 cents in pre-market trading. SPY is 25 cents in pre-market trading. XLF is up 3 cents in pre-market trading. Continue to watch XLF as a key to sustain the breakout in the SPX. Follow your rules in any trading actions today. Be logical. SPX Support = 1,106 - 1,117 Resistance = 1,125 – 1,133 Trading Down: Trading Up: POT, AMZN, FCX, CREE, X, RIMM, BUCY Look at these Charts… (click image to enlarge) At the Open on Thursday SPY – QQQQ – FAS – X – AMZN – RIMM – DOW – UAUA – MA – BUCY – NVDA – LRCX – WHR – AAPL – AKAM – AMD – CREE – KLAC – PCLN – DECK – NFLX – ISRG – FLIR – CAT – DE – PCP – UNP – STLD – POT – AGU – ACN – ICE – CME –

12 comments:

Peggy said...

Happy New Year Dave!
Thanks for your continued dedication, even on a holiday! You're commitment to your friends and students is very admirable and doesn't go without notice. Wishing you all the best in 2010!
Looking forward to hearing you on the Weekly Wrap!
Peggy

Anonymous said...

Happy new Year to you too Dave!
Thanks again for a great year, pearls of wisdom, and instruction in 2009! I am really looking forward to a succesful 2010 and more "great" DJ guidance. Your efforts are greatly aprreciated.
Bruce H.

Anonymous said...

Happy New year Dave

The year started off with alot of ups and downs for myself this year and toward the end of the year, and 2110 look to be my best trading year yet.

Thanks Dave for all you do for us

PS ( X ) can touch upon selling calls in 1 of you trading rooms or post here, I am thinking along day trading or swing trades where you set the call price like 1.50 below whats it trading if it goes lower you in selling calls if that makes sense and do you sell at the end of day or at Resistance

Thanks 50 BDK

Anonymous said...

Hi Dave!

Happy New Year to you too! I am so happy i took the time to follow you and listen to your stock trading wisdom in 2009. You've been a great mentor and example for me. Thank you for this blog and i hope you continue to write to us in 2010.

Sincerely,
Denise

BOBB said...

Happy New Year to You Dave and Fellow Traders:
Appreciate All you have done for us Dave!
Robert
CANI_212

Anonymous said...

hey Robert....Happy New Year!! Denise

Gary said...

Dave,

If you're checking in today...there are 3 shooting stars on the SPY intra-day. Data errors?

Happy New Year and Thanks for all you do!!

Gary

Scott Avery said...

Happy New Year to Dave and all extended trading family....Can't wait to get back into the new years' trading and to see who will be the new BDK of next year.. One way to tell that you are getting the "trading bug" is noticing that signs that you are becoming the OPPOSITE of middle America. Can't wait for Mondays....Dislike 3 day weekends etc. Still, have a wonderful new year everyone.

Anonymous said...

Thanks to your trading rooms, 2009 has been my best trading year ever. Repetition is a great teaching strategy and you are the master.
Judy B

Anonymous said...

Dear Dave,
Thank you for your no nonsense, direct coverage on the market and on all those 'straight talkers' that i do not listen to!

I look forward to hearing you in the market wrap in 46 minutes and would like to wish you and your family a Very Happy New Year!!!!

From one of your loyal dudettes,
Laney

Anonymous said...

Wow! You never cease to amaze me!!! You've done an incredible job in 2009, & I am anxiously waiting for the 2010 year to begin! HAPPY NEW YEAR TO YOU!
Cheers!
Lois

Mark Crockett said...

Dave
Thanks for giving me the gift of knowledge and wisdom in trading. This is my first 6 months and it has been a blast. May God bless you and your family in 2010!
Mark Crockett