Street Sense: Riding the S&P Trend

NEW YORK (TheStreet -- I'm going in a different direction in this version of Street Sense. I will use fewer words and more pictures and demarcations to give us some clues about the markets and also some trading ideas. This is a great trading environment.

SPX
Source: BigTrends.com

Nasdaq
Source: BigTrends.com

Google ( GOOG) and Baidu ( BIDU)

I picked these two names as they are in the same group. Baidu had great earnings reaction on Friday, and could continue upward. Google is just looking to do the same. Catalyst? How about keeping pace!

GOOG
Source: BigTrends.com

BIDU
Source: BigTrends.com

Priceline ( PCLN) and Ctrip ( CTRP)

I also added these two that are coincidentally in the same group. The charts are looking strong and while a pullback is possible these two online travelers look higher in price.

PCLN
Source: BigTrends.com

CTRP
Source: BigTrends.com

-- Written by Bob Lang in Simi Valley, Calif.

Bob Lang is a senior analyst and portfolio manager at BigTrends.com. He manages subscription services for the firm and writes timely articles about markets, trends and the economy. Lang's articles can be viewed on numerous sites on the Internet. Together with renowned market timer Price Headley, Lang has helped build his supported products into a winning class. He participates in a coaching forum for advanced traders in which he teaches his unique style of trading.

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