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 –