Great Stock Picks pt1

Daily Stock Report for Thursday Morning, December 24, 2009 pt1
SHORT TRADING SESSION THURSDAY, market closes at 1pm ET. Stocks continued to move higher probably from the big jump of 7.4% in home sales for the month of November. Investors are interpreting this as the economy is on a recovery mode.
We are also seeing light volume which is typical for the last two weeks of December for Christmas-New Year. This also tends to have a positive bias with stocks.
The Dow30 was up 50 points or 0.49%, Nasdaq Composite continued its new breakout run today with 0.67% gain or 15 points and the S&P 500 up 0.36%. The Nasdaq Composite is having a nice breakout which has been consistently signaling a higher price level that has been holding.
Small and mid-cap stocks are moving up nicely which has been a recent pattern these past 2-3 weeks. A fair amount of speculation is starting and investors and daytraders responding well. (This gives us a lot of good bullshort ideas).
The US Dollar had little change today.
Gold continues its slide with a lower low of $1,074 and closed at 1084, down 8.80/oz.
REPEAT: We still are looking for a bounce in gold stocks to start when this big drop in gold stops going down for a decent swing trade long.
Mitch King www.TradeStocksAmerica.com Contents: online stock trading, trading strategies, stock picks, stock market education, stock market investing course, educational stock trading videos, stock trading newsletter, stock market newsletter,
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