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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. 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. So, I’ve pulled together six of the best technical trades for you. These stocks 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.Keep reading to see my six top stocks to own for the rest of 2009.
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Stock #1: Canadian Oil Sands Trust (COSWF)
5 Red Flags for Buying Cheap Stocks & 26 to Sell Now!The Canadian Oil Sands Trust (COSWF) is an open-ended investment
trust that generates income from its 36.74% interest in the Syncrude Canada Ltd. joint venture, which is the world’s largest producer of crude oil
from oil sands and the largest single-source producer in Canada.After falling from more than $50 in July 2008 to less than $15 in January 2009, this trust formed a base and then rallied from February to May before
settling down for its next consolidation, a cup-and-handle
formation. A breakout from this very bullish technical feature occurred at $28, followed by a quick run to above $34. But profit-taking has given
us a second opportunity to buy into this unique investment.
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Stock #2: Coca-Cola Company (KO)
5 Red Flags for Buying Cheap Stocks & 26 to Sell Now!Coca-Cola Company (KO) is in a very orderly advance, and its recent
pullback gives a good opportunity to position yourself in this blue chip.Note the turning fast-line of the stochastic, which should give a buy signal shortly.
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Stock #3: Market Vectors Gold Miners ETF (GDX)
5 Red Flags for Buying Cheap Stocks & 26 to Sell Now!The Market Vectors Gold Miners ETF (GDX) attempts to replicate as
closely as possible the price and yield performance of the Amex Gold Miners Index.GDX is in a bull market with both the long-term support line and the 200-day moving average at near $40. Although this is a volatile performer,
bouncing 10 points between the high and low of its bull channel, the volatility gives us a second chance to buy this stock at a good price.The near-term target is just above $50 where it could encounter some resistance.
But for those who are seeking a longer-term investment in a gold substitute, GDX might fit the bill with a $75 long-term target.Next: PowerShares DWA Emerging Markets Technical Leaders Portfolio (PIE)
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Stock #4: PowerShares DWA Emerging Markets Technical Leaders Portfolio (PIE)
5 Red Flags for Buying Cheap Stocks & 26 to Sell Now!The PowerShares DWA Emerging Markets Technical Leaders Portfolio (PIE) seeks
investment results that correspond generally to the price and yield performance of the Dorsey Wright Emerging Markets Technical Leaders Index.This ETF is for those investors who seek a broad representation in the foreign emerging markets that give some protection against a falling U.S.
dollar.It is now selling very close to its intermediate support line, which is a good spot to buy PIE with a target of $22.
Learn how to Use
Trendlines to Predict the Market’s Next Move.
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Stock #5: Rambus Inc. (RMBS)
5 Red Flags for Buying Cheap Stocks & 26 to Sell Now!Rambus Inc. (RMBS) designs, develops and licenses chip interface
technologies and architectures that are used in digital electronics products.The microchip sector has been lagging lately but appears to be gaining investor attention
RMBS is selling very close to a major support line and recently triggered a buy from our in-house indicator, the Collins-Bollinger Reversal (CBR).
Note the oversold stochastic. If RMBS can attract buyers to push it through the resistance at just under $20, look for a quick trade to $28.
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Stock #6: Vodafone Group Plc (VOD)
5 Red Flags for Buying Cheap Stocks & 26 to Sell Now!Vodafone Group Plc (VOD), which provides mobile communications services
in Europe, the Middle East, Africa, the Asia Pacific and the United States, is another household name that should attract investor attention.The well-defined bull channel in which it is now trading has broken out from a double-top on
huge volume.The long-term target for VOD is $30.
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