After seven months of one of the strongest rallies in history, the stock market is showing signs of faltering. From here on out through the rest of 2009, I believe the advance will shift gears, and instead of recording new highs every month, the trend will tend to flatten.
And as we head into the heart of the fourth quarter, I wouldn't bet on the market making many more new highs this year.
But don't despair -- just because the market may be taking a breather, does not mean there aren't select stocks that will go higher as we head into the end of the year.
I've pulled together six of the best technical trades for you. These picks are great buys at current prices, and their charts are telling me that they will continue to push higher -- even if the rest of the market is a bit sluggish for the remainder of the year.
Here are six top trades for the rest of 2009. Click on each trade to learn more.
Trade #1 -- Canadian Oil Sands Trust (OTC: COSWF)
Trade #2 -- Coca-Cola (NYSE: KO)
Trade #3 -- Market Vectors Gold Miners ETF (NYSE: GDX)
Trade #4 -- PowerShares DWA Emerging Markets Technical Leaders Portfolio (NYSE: PIE)
Trade #5 -- Rambus (NASDAQ: RMBS)
Trade #6 -- Vodafone (NASDAQ: VOD)
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Reader Comments (Page 1 of 1)
11-08-2009 @ 6:35AM
MADDAT52 said...
The Fall of Rome as it relates to the current state of affairs in the United states.
Emperors held absolute authority. This worked well with good emperors, but incompetent ones could do great harm. The rules for succession to the throne were never clear, and debilitating civil wars often resulted. The bureaucracy that managed the empire on a daily basis grew more corrupt, increasing the dissatisfaction of the common citizen. The wealth of the empire gradually concentrated in the hands of a minority while a large slave population did most of the work. The borders of the empire were immense and put a strain on military resources (500,000 soldiers defended a frontier that required 3 million or more to be secured). Roman conquests had ceased in the second century A.D., bringing an end to massive inflows of plunder and slaves. Taxes increased and production fell as the work force declined. A plague may have killed 20 percent of the empire's population in the third and fourth centuries, further reducing trade and production.
11-09-2009 @ 6:51AM
Dan Barnett said...
Good Lord, does no one moderate these comments for relevance?
I have to admit though that the argument that the Roman Empire fell because they did not have Universal Health Care to be interesting.
11-09-2009 @ 8:57AM
Bill Vaughn said...
Actually, both the Roman and Greek Empires crumbled from within because of the dole system (welfare). As a nation prospers, the people get complacent and expect more from their government, leading to entitlements. Eventually, everyone figures "Why work when I can loaf and get it for free", resulting in steadily decreasing productivity. This, in turn, results in nothing for the government to give (or not enough to go around), resulting in national poverty, which leads to either revolution, or takeover from the outside.