Bears stamped over the Bulls party, thrashing 2006 gains and leaving bull traps in all markets bar the Russell 2000 and semiconductor index. Unfortunately the semiconductor index was the biggest % loser from Friday's selling (of my watched indices) and it remains to be seen if it can hold the early January breakout. As has been the theme for the New Year, the Dow was the chief loser of the major indices, breaking below Fibonacci and 50-day MA support leaving the 200-day MA at 10,541, and October lows of 10,220, as the watch areas for future support. If you want to scrape the bottom of the barrel one could argue for 50-day support in the NASDAQ and S&P . The lower volume trading in the NASDAQ is a mixed blessing; fear selling, or complacency? Fibonacci support also comes to the rescue in the NASDAQ and the semiconductor index, but the NASDAQ 100 doesn't have much to look forward too other than January lows of 1,634 - some 40 points away from where it is now. Even w

Looking at SUF again, of course what else, I went back and looked at some charts of XMSR and TASR. I noticed how those stocks only had very little one or two day "cooling off" periods like we have seen with SUF. Can you make a connection with charts like that. I know this thing is overbought and needs to come back in, but maybe all we get are these little one day rests? The problem with stocks in these excited states is greed takes over from rational investing (or trading); investors create support and resistance; traders add volatility. For investors the question is whether this company is fairly valued at almost 4 times the price it was in September 2005? How will the UAE deal turn a company which has never turned a profit into profitability? If the average competitor's P/E is 21 (according to Yahoo) then SUF would need to earn around $0.93 a share to warrant current prices on a fundamental basis, or bank around $52 million in net income per year with SUF's 56.8

. The following stocks were added to the model portfolio this week; PRFT which featured in my free service for January 17th; and KOPN a Subscriber pick from January 19th (subscription needed to view link) . Friday's selling did leave a dent in this portfolio, but not to the same extent at which the markets suffered.

Once again the Trade-Ideas picks vastly outperformed the market as a whole. Every market logged at least a 2% loss for the week, but only 2 of the 8 Trade-Ideas picks were losers. Even accounting for a maximum gain on the week; the markets logged an average loss of 0.07% against a 2.96% gain for the 8 picks. GW as the weeks best performer.

Markets look to be pricing two days of selling for the price of one. Rising Oil price was again the excuse for the selling but it was not all doom and gloom. The Trade-Ideas software was chugging out a number of stocks; one which is developing a bull flag is PLA. Larger resistance lurks at $15.80, but a move to $16 would complete a 2-year cup-and-handle pattern. Playboy Enterprises, Inc., together with its subsidiaries, engages in the development and distribution of multimedia lifestyle entertainment for adult audiences worldwide.

Much stronger returns for the week ago selection, only IGR was the disappointment. 75% profitability with an average return of 2.12% (not bad for a weeks work), and the potential to have earned an average return of 4.24% compared to market losses for this same time period. Even with these gains GAIA looks good value and CTCI is a few cents shy of a breakout

First off; I am neither long or short Google stock, Google is set as my homepage and is the search engine of choice for me, and 'Blogger' hosts this Blog - in summary, I like (love!) using Google. However, I was reviewing my advertisement expenses and had foolishly neglected to monitor my campaign costs [a seperate issue to do with Adwords Dominator which hadn't picked up on one of my new campaigns and so I 'forgot' about it; now I am back on the web end monitoring and no longer using the Dominator software] which led to me running up a relatively hefty bill (emphasis on the 'relatively'). On paper, my ads had generated a handy 250 click throughs - but unfortunately not one conversion. Part of the blame sits on my end, i.e. a poor sales pitch, but I do know of at least one subscriber who joined because of my Google ad so it is not a total dud. Unfortunately, it is becoming harder for me to justify the continued cost of using Adwords to promote my site when t