Tuesday, December 27, 2011

No Stock Market Trading Watch List video for Wednesday, December 28th, but...

There will be no Stock Market Trading Watch List for Wednesday, December 28th, 2011.  The market was a choppy, light volume mess on Tuesday, but here are some highlights:

The NASDAQ 100 ($NDX) tested it's daily50 day moving average and rejected it.

The Russell 2000 ($RUT) was the leader, up .47%.

The Dow did trade on Tuesday!  Super tight range, smallest I've seen in a while at just a bit above 58 points.

GLD and SLV broke down out of their respective bearish patterns, but didn't go anywhere far.

AAPL continued higher, as did GOOG.

V formed a reversal candle after hitting another new high.

ARIA busted it's consolidation to the upside.  Wheeeeeeeeeeee!

MDVN still churning but holding

HSTM looks like it's forming another wind up pattern here

HANS not doing much

CMG broke the consolidation pattern we talked about in Tuesday's video, up 1.1% but didn't go very far above the breakout point.

RIMM tagged 15, but eased off a bit to close at 14.86, still good for a 6.86% gain.

Can we see some range expansion on Wednesday?  Yes, it's possible, but we could continue to chop it out into year end as well.

There will be an S&P video.

Have a great trading day on Wednesday.

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