Mar 25th: Markets finished the week on quiet action as the trend for falling volume continued. In the near term, bulls will look best served by the tech averages, the NASDAQ in particular, as secondary tech indicators [ $NASI , $NAA50 and $BPCOMPQ ] confirmed earlier crosses in the 5-day EMAs with supporting technical "buy" signals. The overall markets have re-aligned in typical bullish fashion with the Russell 2000 leading the NASDAQ , which leads the S&P (although the Dow is lording it over the NASDAQ ). How far the markets can go is anyone's guess; but given the overbought nature of the market (the January-March consolidation did little to relieve such conditions), I suspect not very far. Gold and silver were the week's star performers; breakouts in CDE , HL , KGC , GFI , PAAS , SIL , and SSRI were icing on the cake for metal miners. Newsletter stock updates: Target hit: NCTY hit its Target price, but looks well positioned to continue its gains. Wat

This was a post I made on the Collective 2 forum; for those of you who have visited the site and are looking for trading systems to use (other than my own) - this is my analysis of the sites "Best Of" ranking. I did a little checking on the System lists and I was left a little baffled by some of the rankings; particularly in the "Most Popular" rankings. I have taken into consideration the number of reviews posted, and an average of the subscriber ranking ("average ranking"). It should probably be assumed a reviewer will be more likely to complain about a system than they are likely to complement it - so I expect rankings to favor the low end of the scale. Lets start with the Best Systems - All Systems Tabs If we are to go by total number of reviews per system, we would have a list as follows Extreme-OS Consensus Trading High-Sharpe FX / Coin Collector Upbeat Trading Risk-Averse/Entropia/Andy's Open Bar Every body else on the list = 0 reviews The longe

Two recent additions were stopped out; one for a gain, the other for a loss. CRME did manage modests gain after the buy-in, before it was pegged back on light volume, then suckered punched with a downgrade , enough to hit the original stop price for a $768 loss on a $9,800 outlay. KDN was a stronger performer and although the stop price was hit, this had more to do with protecting the profit in a weak market, rather than an actual belief there is anything wrong with the stock. KDN looks to be shaping a horizontal consolidation, an excellent continuation consolidation. This play closed for a $1,443 profit on a $10,000 outlay. If you would like to subscribe to this system, click on the performance Collective2 chart below. Two stocks remain in the portfolio. Collective2

I am currently on some travels until next Tuesday. Here is the list of 8 stocks from the Trade Ideas scan for your review. It took the software about 20 minutes to come up with the 8 stocks; this reflects modest buying strength. 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.

Markets went someway (but is it enough?) to reverse much of yesterday's losses. Certainly, there was no shortage of potential stocks from the Trade Ideas scan to review. The current selection took 3 minutes of Software time. IRC : Found support at the 20-day MA. Should have the momentum to reach $20, but this is a slow and steady mover. ALD : Nice 3-week handle following early March's big volume gains. Cautious buyers will probably wait for a break of $30.50. Stops can go on a loss of $29.50. Point-n-figure chart target of $38.50 looks reasonable. EFX : Confirmation of new support at $37.50. Stops can go on a loss of today's lows or the 50-day MA. The small handle still has resistance at $39 to deal with. Look for a move to $50. UBA : Tightly packed action around $17-18. Recent volume action sides with the bulls. A move to $18.50 will trigger a breakout on the point-n-figure chart. Measured move to $21? ELS : Pullback to $49 could have long side merits. Stops on a loss of t

With the markets rolling over in afternoon trading it could be a tough week for the following 8 stocks. It took the software about 75 minutes to produce 8 potential candidates; very little breadth to this market, better to be cash conservative. PFWD : Nice follow on push, from break of $9.75 resistance. Effectively, operating in a band of resistance from $9.75 through to $10.75; perhaps better watch list material (for break of $10.75). Decent volume buying as seen on a weekly chart. Projected target of $15. NPP : Break of $15.20 resistance on increased volume. Stops can go on a loss of $15, or the 50-day MA (whichever is higher). Look for move to $20. GXM : Lingering around $23.50; a resistance level from Fall 2005. A break of this price brings $27 into range. Trades volume in spurts. Stops can go on loss of $23 or the 50-day MA (to give the trade a little more room). Watch for Golden Cross in the 50-day/200-day MA. INVX : Holding $4.40 support well. Small handle as part of a ranged ba

My Trade Ideas Base scan took 33 minutes to come up with the 8 stocks for today; relatively weak buying. CPS : New near term highs on break of $45. Larger gap resistance lurks at $46. If this turns into a cup-and-handle breakout, one will need to watch for a higher volume break of $48 (see weekly chart). Point-n-figure target of $57. CTEC : Retracements are bouncing off the 50-day MA. The current pullback fell short of a complete test, but this looks to be a good place to buy. Stops on loss of $11, or 50-day MA, whichever is higher. Major resistance lurks at $13.50. Point-n-figure target of $19 to aim for. FRC : After 3-days of consolidation, the stock continues its advance off $35 lows. Look for move to $42. Stops on loss of $38 ITMN : Fighting for support at the 50-day MA. Currently trading above this MA. Gap at $20 has closed, but a second move above $20 would be a good long side entry. Stops on a loss of $18.50. Target of $28 looks good (2003 resistance). TOMO : Still mapping a con