Across the board big gains, on light volume are now at risk from a number of moving average resistance levels, not to mention tomorrow's jobs report. In the NASDAQ the MACD trigger line switched to a 'buy', but the index is only 10 points away from a pending convergence of the 200-day and 20-day MA. The NASDAQ 100 , as the weaker of the two Tech indices, looks set to test the 20-day MA soon. The Russell 2000 is only a few points shy of its 20-day MA, but unlike the Tech indices it has not yet triggered a MACD 'buy'. The Dow has a test of the 50-day MA to look forward too, the second such test over the last five days. The first of the moving average tests will come from the S&P which sits a single point away from its 20-day MA. The secondary tech indicators [ $NASI , $NAA50 and $BPCOMPQ ] continued to build new lows with a double bottom in the $NAA50 and up ticks in the remaining two indicators. Both the $NASI and $BPCOMPQ are below their 5-day EMAs and...

Excellent breadth in the market with today's 8 stocks covering less than a minute of the Trade Ideas scan time. The only stock to make a repeat appearance was NGPS , when it appeared twice. ADS is perhaps the most interesting on a risk:reward basis given a stop can be placed on a loss of $52.77. The big April surge has held up well after weeks of selling. Point-n-figure chart of $99 is ambitious, a measured move to $78 is more probable. Other than ELON , these are all 'high' priced stocks; new market leaders emerging? Trade Ideas If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.

Much better breadth in the market with today's 8 stocks covering a period of 3 minutes from the Trade Ideas scan. BGO and BMR were the only two stocks to appear twice during this period. Trade Ideas If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.

The fear in the Dow spilled over into the other indices, favoring a retest of last week's lows. The Trade Ideas scan was not short a few potential long side plays. Today's selection covered a period of 45 minutes, not bad considering the extent of the sell off. Most frequent on the list was RG which appeared 6 times, then MYGN and CNSL , each of which appeared twice . Trade Ideas If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.

Very little action into the long weekend. Tuesday will give a better idea as to how good this bounce really is. The Dow will carry the most interest technically as it closed right on 50-day MA resistance. Other indices, like the NASDAQ and NASDAQ 100 , suffered on tired trading, unable to push the days action much beyond opening gap prices but remain away from typical resistance levels. The S&P may have the most room to run upside given it had a decent Friday and remains some 12 points away from closest resistance at the 20-day MA. The Russell 2000 was caught between the tech averages and the large caps as it managed modest gains on the day. Secondary Tech Indicators [ $NASI , $NAA50 and $BPCOMPQ ] found some traction. The $NAA50 bottomed on Thursday while the $NASI and $BPCOMPQ attempted to put some measure of a bottom in place as both ticked up, although both remain some way from traditionally oversold levels. Volatility spent another day in pullback, but its prior gai...

There were no Trade Ideas stock scan picks for the previous Friday which gave a handy advantage to the other systems given its solid performance to date. Jim Cramer was able to gain some face back with a solid +3.48% return on the week, a far cry from his most recent weekly performance sequence of -12.28% , -7.40% and -2.31% . His performance was the best of all the picks. Next up were my newsletter stocks, closing the week up +1.67% . This performance rises to +2.75% when my suggested stop prices are used. Market ETFs were able to reverse their prior six run of losses closing the week ip +1.02% . The best stock on the week was Jim Cramer's KRY . It closed the week up +12.69% . The worst stock was one of my newsletter Subscriber picks, CHRK . It finished the week down -8.10% . I have updated the sidebar weekly performance chart; note the strong performance of Trade Ideas Base Scan . If you would like to try a full version of the Trade-Ideas software, follow this link for a fr...

Thursday's week-on-week comparison was a mirror image in yesterday, except losses were relatively lighter. The Market ETF's after today's rally finished close to flat on the week ( -0.06% ). Next up was the Trade Ideas scan down -0.87% on the week, then my newsletter picks at -1.23% . Jim Cramer's picks has the worst performance, down -2.31% , but this is a considerable improvement over his previous losses for the week. Only five stocks were profitable; the best performance coming from the Trade Ideas pick, WEBX , up +2.07% . Worst performer goes to Jim Cramer's KOP . This stock finished the week down -14.14% . If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial. If you would like to subscribe to my newsletter you can do so by ordering monthly, 6-month, or annual membership from the 'Quantity' box in the right-hand-margin. If you would like to see Jim's picks you can tune into his TV show, or...