The eight stocks for today were drawn from the last minute of trading. Other than TNC which appeared twice, every stock made a single appearance on the scan during this time. BIO : Small hammer at the 20-day MA. Significant resistance at $68. Prior congestion around $63 should provide support. Point-n-figure target of $89 only for the patient. Short term traders more likely to benefit with a sale at $68. TNC : Upside break of trading consolidation. Follow through price target of $63. Support at 50-day MA best place for support. Resistance at $55 a concern. Point-n-figure target of $74. ASHW : Sideways consolidation followed with an upside breakout. Four day consolidation in the upper range of last weeks heavier volume buying provides a low risk opportunity with a stop on a loss of $10.10. Point-n-figure chart still shows the stock has plenty of work to do. FVL : Tight action between $17.00-$17.25. 50-day MA below to provide support. Cautionary bearish divergence in money flow. Slow b

Stop hit from my entry (marked by the green arrow) the day after the "hammer" which was above support. The last three run of dojis define supply at $17.75. While the 50-day MA at $16.97 looks to be the next test for the bulls. The 500 share lot closed for a -$335 loss.

The eight stocks for today covered a span of 22 minutes of the screening software. With the exception of LPX each stock appeared only once over this period; LPX appeared twice. A late afternoon plunge has put the markets under pressure. It will be interesting to see how these stocks play out next week and into the forseeable future. CF : Large bullish engulfing pattern off the 50-day MA. Resistance around $18.50. Projected target in the $22-23 range. Recent consolidation shaped a handle to the 2005 "V"-bottom GLQ : Relatively illiquid. Key resistance at $24.75. Three day correction looks to have completed. Stops can go on a loss of $23.25. Initial target of $30. LWSN : Decent demand in the $7.00-$7.50 range. Resistance at $8.00. Weekly action most favorable; rectangle congestion/handle off a $4.94/$4.88/$4.93 Adam-and-Eve double bottom. Projected target of $11.25. Point-n-figure chart holds to a target of $14.50. Q : Has run into a layer of resistance at $7.00. 50-day MA ha

The Friday-on-Friday comparison was a bad one for the Market ETFs ( -0.72% ); not one was able to close the week higher after Thursday's big gains. The best stock performers were drawn from my newsletter ( +1.38% ), closely followed by the stocks from my Trade Ideas Scan ( +0.80% ). Jim Cramer's stocks were the worst performer ( -2.71% ). The weeks' best stock was DXCM after the company announced a public offering at $24 a share. The stock closed up +12.7% and was one of my free newsletter Breakout picks. The worst performer, CIEN , was one of Jim Cramer's picks. The stock closed down -7.5% . Trade Ideas stock picks are the most consistent performers with the lowest volatility ( +1.02% +/-0.43% ) of the four comparisons here. Based on a straight fight between the systems, my Newsletter picks have performed strongest; 44% of the time, or 12 times in the last 27 weeks, have seen these stocks perform the best. If you would like to try a full version of the Trade-Id

Back in the saddle after completing my second CMT exam. The markets teased the bulls with Thursday's bullish engulfing patterns on higher volume but in the end it was the bears who took the week with heavy volume selling Friday. The sweep of stop hits (17 in all - see below) was testament to the bears, particularly as many of these stop hits occurred on the 'bullish' Thursday. If ever there was a reason for staying on the sidelines this was it. There wasn't much gloss to Friday's trading. The NASDAQ finished near Thursday's lows but was able to trade above the 50-day MA. Lighter volume may have been some consolation for the bulls but the previous bullish engulfing pattern should not have retraced as much as it did given the accompanying volume. The NASDAQ 100 fared little better as the earlier trendline breakdown was reaffirmed as its bullish engulfing pattern was rejected on significantly heavier volume. The technical picture in this index remains very weak

Close to breaking to new near term highs. Steady uptrend on its way to challenging $55 resistance. A cash dividend of $0.38 is declared for May and the fund sports an annual yield of 8.3%. For the income earners amongst you who want a little extra. Enerplus Resources Fund operates as an energy investment trust in Western Canada. The fund, through its subsidiaries, engages in acquiring, exploiting, and operating crude oil and natural gas assets. Its oil and natural gas property interests are located in the provinces of British Columbia, Alberta, Saskatchewan, and Manitoba, western Canada; and Montana and North Dakota, the United States. 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.

After a lackluster few days for my Trade Ideas scan it kicked back with a vengeance; the week-on-week return was the highest ever, bringing in +7.11% return. It wasn't just one stock carrying the day: LIFC , OMCL and MROI returned +17.91% , +14.14% , and +16.47% respectively. The good run of fortune for my newsletter picks came to a disappointing end as the week-on-week return was down -2.20% , worse than Jim Cramer's -0.85% loss, or the flat returns in the Market ETFs. Best performer on the week was Trade Ideas' LIFC ( +17.91% ), worst was ESRX ( -9.36% ), a pick of Jim Cramers'. 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 get them from Madd Money or