For me personally what I am watching very closely now is to see what will be the next major accumulation or distribution day. For those who follow CANSLIM this rally is now heading into day 6 tomorrow and we need to see a confirmation day to affirm direction. If we see a heavy distribution day instead I will be quickly taking profits off the table and moving back into a heavy cash position.

And now onto the analysis.

S&P 500 (SPX) – Looks like we are trading in a range. Declining volume the last few sessions means we need to see another high volume day to serve as confirmation this rally is serious.

Netflix (NFLX) – This stock is right back at fresh all time highs after breaking out of this bullish channel to the upside. NFLX was first mentioned way back at $62 in February, crazy to think how fast some stocks can move up.

Priceline.com (PCLN) – Since breaking back above $200 in July this online travel site has run up more than 60%! A very nice run.

Buffalo Wild Wings (BWLD) – Two key breakouts have set the tone for this stock as it continues to chip away the gap range from the April sell off.

Childrens Place Retail (PLCE) – This stock is a long term channel but is making some headway on its latest run back towards $50 highs. If the market continues its rally this stock could be testing $50 again sooner rather than later.

Chipotle Mexican Grill (CMG) – I am long this popular restaurant chain at my previously featured buypoint of $154.50. Stock needs another large volume accumulation day to serve as confirmation.

Isilon Systems (ISLN) – This stock has been on the watchlist for a while now. I originally had this stock pegged for its break through $18.10. The stock is up over 25% since then.

Lubrizol (LZ) – This is the only other stock I am long at moment at my buypoint of $96.20. Still looking fine at the moment.

Radware (RDWR) – Although a bit volatile the break through $24 was the start of a nice uptrend that has seen this stock move up over 10% now since the break.

Other stocks to keep a close eye on: AAPL, FFIV, BUCY, CTSH, CROX, XTEX, DE, DTV, ExPE, EZCH, PAY, GS, GMCR, HLF, HMIN, JOYG, JNPR, MTL, NTAP, RVBD, UA, VRX, VHC.

This will be my last post for the week so I will see you after the weekend. Stay frosty out there!

Here on StockTradingToGo we’ve ranked the top 10 best finance and investing iPhone apps based on usability, functionality,  overall “coolness”, and most importantly they have to be FREE. All of the apps featured below can be downloaded from the iTunes Store.

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2. Yahoo! Finance – Download – Yahoo’s free stock app offers the best of Yahoo Finance on your iPhone. I leave Yahoo Finance open on my computer throughout the day and the App is just as good. Manage a watchlist, view Tech Ticker videos, research stocks, and more.

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I have personally been using the iPhone for several years now and these free top stock iPhone apps definitely stand out amongst their peers. With thousands of apps to choose from I focused on the best apps within specific groups for example mobile banking and online stock trading.

Do you have a favorite app for stocks that was not included above? Share your thoughts via comment below and let us know your pick.

The reports are emailed once a week and include full details of the trades each model makes alongside a summary of their performance.

For those who are not familiar with the site, Covestor is THE proving ground for investors. By building a verified track record instead of using a stock simulator Covestor allows investors to show what they really can do. Covestor takes this whole concept one step further with the added ability to auto trade models with real money.

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So after testing 1040 support three times the S&P 500 today surged higher and closed right at its 50 day moving average. While this is very positive and should lead to atleast some further short term strength it is important to note that volume was not high as it could have been.

With that said though tons of stocks were on the move today with a handful making fresh 52 week highs. For me personally I went from 100% cash to just over 50% long. I took some profits and will look to put more cash to work if the market presents further opportunities.

Below I have featured 25 stocks (1 being the S&P 500) for you to add to your close watch lists or buy if you have not already. If I am missing some big winners please leave a comment below or email me your picks!

S&P 500 (SPX) – Today this index started a fresh rally higher and broke out of this channel. Note though volume was not as high as it could have been. Today’s close was also at the 50 MA resistance.

Chipotle Mexican Grill (CMG) – Huge day today on massive volume. I am in pretty heavy at $145.50 buypoint which was listed here on the site Monday.

Lubrizol (LZ) – Nice breakout today. $96.20 buypoint was featured Monday. Stops at $94 or tighter for now.

Aruba Networks (ARUN) – Decent gap higher today but volume was lower and close was doji. I would consider taking some profits off the table at this time to lock in gains and tightening stops. Original buypoint $17.20.

Netflix (NFLX) – Nice break today out of this channel on huge volume. Worth considering here or after some sideways action.

Deere & Co (DE) – Another nice break today higher for this farm machinery manufacturer. Some better movers out there but till worth considering.

Amazon.com (AMZN) – A nice move today out of this horizontal channel should send shares higher from here as long as market cooperates.

Expedia (EXPE) – This stock still has some notable upside resistance but today was a good start in the right direction.

Jos A Bank Clothiers (JOSB) – Beautiful break today out of this channel on massive volume. If this stock createa nice tight flag it should present another juicy buypoint.

The other 16 stocks you should keep a very close watch on are as follows: CRM, PCLN, EZCH, VMW, CNH, BWLD, ISLN, MTL, RVBD, XTEX, PAY, DISCA, PLCE, SOLR, TSL, SPRD. A lot of these are buyers for most investors so props if you have positions and have maximized with today’s action.

Whether or not this fresh rally gains ground remains to be seen so always be sure to stay frosty out there .

If so you need to read the list below which consists of the 10 best ETFs based on overall return from the last month. Note: ETFs must trade atleast 50,000 shares per day to be included.

Top ETFs

1. Direxion: Semiconductor Bear 3X, Symbol SOXS, up 35.97%
2. Direxion: 30 Year Treasuries Bull 3X, Symbol TMF, up 27.49%
3. Direxion: Financial Bear 3X, Symbol FAZ, up 23.77%
4. ProShares: Ultra 2x Short Semiconductors, Symbol SSG, up 23.69%
5. Direxion: Tech Bear 3X, Symbol TYP, up 21.73%
6. ProShares: Ultra 2x Short Russell 2000, Symbol SRTY, up 20.95%
7. Direxion: Small Cap Bear 3X, Symbol TZA, up 20.86%
8. Direxion: Ultra 2x Short Financials, Symbol SKF, up 16.70%
9. ProShares: Ultra 2x Short Smallcap 600, Symbol SDD, up 14.90%
10. Market Vectors: Jr Gold Miners, Symbol GDXJ, up 14.87%

Pretty noticeable to see that the majority of ETFs are ultra and triple leveraged. Due to new regulation the margin required to buy these types of funds has been increased but they still remain extremely popular.

Research with Morningstar

To research these funds we recommend utilizing Morningstar Premium which provides fund rankings, holdings breakdowns, sector analysis, fee information, and more!

Further Reading ETFs:

• Best Online Brokers for trading ETFs
• 40 Great Inverse ETFs For Bearish Investors
• 24 Great Ultra Long ETFs For Bullish Investors
• Currency ETFs
• Water ETFs
• Alternative Energy ETFs
  
• US Treasury ETFs
• US Dollar ETFs

For me personally it is another excuse to stick with a heavy position in cash and only wait for those very high probability plays to get involved. For those traders who can play the quick swings each day there is money to be made without question.

Over the next day or two the key levels to watch on the S&P 500 are 1040 and 1065. Analysis below:

S&P 500 (SPX) – The double top and rising wedge are still the latest key break downs in this index. In green though we can see that Friday was a nice accumulation day. A break below 1040 though would negate this new bullish stance.

Aruba Networks (ARUN) – This stock soared through my $17.20 buypoint on huge volume despite the sour market. next buypoint $18.75. Stops at $17 for now or higher.

Tesla Motors (TSLA) – After breaking down in early August this fresh IPO has regained some ground and has had two decent accumulation days. A strong push through $20.40 could send this stock back up to $22 resistance.

Chipotle Mexican Grill (CMG) – The last three months this stock has formed a decent base. I’ve posted charts along the way and now we are looking at a buy area of $154.50 – $155.50 IF the market is acting well. Volume needs to be huge.

Verifone Systems (PAY) – So after a beautiful breakout on huge volume this stock has setup a decent bull flag that could lead to higher prices above $25. Buy area is right here but market is very questionable which makes this a tough trade.

Silver Wheaton Corp (SLW) – Since mentioning this gold miner as it broke through $20 mid August the stock has been a nice runner good for over 10%.

Lubrizol Corp (LZ) – After several months of volatile back and forth trading this play on chemicals is finally starting to show some potential as creates a half decent base. Next buy area would come at $96.20 – $96.80 ONLY with an uptrending market.

Stay frosty out there .

With no new dramatic patterns to display with the S&P 500 I did not include it tonight. Thus, I want to jump right into a handful of stock charts I found interesting which includes some follow ups from previous mentions.

Green Mountain Coffee Roasters (GMCR) – I posted this stock as a close watcher earlier this month and wanted to follow up. It broke to new highs but had a doji close and quickly reversed back down. This week the stock has broken its support trendline and is now a definite avoid until further notice.

GMCR Chart

Radware Limited (RDWR) – Well we got a huge volume breakout through $24 but with the market struggling the stock has slipped back under on low volume. You could try some shares back near $25 if the market is acting well otherwise may be better off avoiding.

RDWR Chart

Verifone Systems (PAY) – This stock had a good breakout through $24 on very heavy volume. Keep an eye out for a nice bull flag to pinpoint the next best entry price.

PAY Chart

Silver Wheaton Corp (SLW) – I most recently featured SLW as it broke through $20 and since the stock has continued to move higher with today setting fresh all-time highs on nice volume. Doji close though leaves this stock exposed for sell pressure tomorrow. Stay tuned.

SLW Chart

Baidu.com (BIDU) – After a nice break to fresh highs BIDU ran out of steam and peaked. The sour market has only continued to put more pressure on the stock as it has now broken back below $80 and looks poised for lower prices (note the stock today closed right at about its 50 day moving average support).

BIDU Chart

Stay frosty out there

Bottom line is that the market has had three distribution days the last four sessions and is showing no strong signs yet of being oversold. The indices have now made lower lows and the next major support area for the S&P 500 is down at 1010.91 lows from July 1st.

While some stocks have broken out of decent bases (see below) despite the market woes I still am remaining fully in cash at this time. Too much volatility and risk to participate in going long unless you are day trading.

S&P 500 (SPX) – The market’s outlook has not gotten any better the last few weeks as sell pressure continues to come in strong. There have now been numerous distribution days and the rising wedge + double top patterns both have proven to be effective topping patterns.

View full chart

Apple (AAPL) – Apple is nice to note here as in purple we can see the stock broke out in mid June and failed (collapsed back into its base), then in orange trading in a range and made lower lows which lead to the blue support which has just fallen today. This stock is most definitely an avoid at this time and could move much further South.

View full chart

Aruba Networks (ARUN) – This stock is in a descending channel with support both at the 50 day moving average and $16 support in purple. A high volume move through $17.20 accompanied by an uptrending market could make for a decent entry to try a few shares.

View full chart

Saleforce.com (CRM) – Earnings helped this stock to surge to the upside and mark fresh all time highs above $110 last week. The stock is now a watcher until it can setup a fresh flag or base.

View full chart

Netflix (NFLX) – After piercing $140 intraday the stock reversed back down on higher volume marking a fresh top. Now with the market under pressure this stock is taking a much needed break with today making lower lows under $124. A fresh base will be needed before this stock can be considered again. Look for short term support at the 50 MA ($117ish).

View full chart

Isilon Systems (ISLN) – This data storage stock surged through my $18.10 buypoint as a bidding war for competitor 3par has begun and investors speculate over who may also be snatched up. This gapped through my buypoint but if you did get lucky to nab some then the stock is all speculation from here forward.

View full chart

Radware Limited (RDWR) – Beautiful heavy volume break through my $24.05 buypoint today even with a sour market. Stops can be as tight as $23.50ish at this time.

View full chart

Spider Gold Trust (GLD) – Interesting to note the bullish engulfment that took place today for this gold tracking etf which could lead to higher prices and perhaps a retest of its all time highs. Gold is currently attractive as a hedge against the market.

View full chart

Akamai Technologies (AKAM) – To see this stock gap at the open this morning was a surprise considering the size of its move as it broke through my buypoint of $46.10 last Friday. The market was sour though today and it turned up sellers. The stock is still technically ok if you can stomach the volatility. Keep an eye out for a bull flag that could form here in the near future.

View full chart

Stay frosty out there .