Tuesday, December 22, 2009

MERRY CHRISTMAS!!

I hope everyone has a very Merry Christmas, Happy Holidays, and a prosperous New Year! The market will often rally on these days before Christmas. When it does pull back, it usually doesn't sell off much. This creates a pretty nice reward to risk. The market didn't pull back as much as I wanted it to, so I didn't come out with a full "buy" recommendation. If you want to make some trades here at the end of the year, I would recommend the technology sector. Many stocks have pulled back. Make sure you trade the trend and look for good reward to risk entry points. I like the position of AMZN and AAPL.

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