Another holidays worth of trading??? The Trade Ideas scan was again limp with its output; 8 different picks covered a time span of 11 minutes . Some tired buying out there after last week's large cap euphoria. Top of the Trade Ideas pick pile (by a long way), at 29 appearances , was Gildan Activeware ( GIL ). The stock broke from a bullish flag on a MACD trigger 'buy' signal. The projected target of $55.41 is derived from the June/July double bottom. Stops go on a loss of flag lows around $47.50. Gildan Activewear, Inc. engages in the manufacture and marketing of basic activewear for sale principally into the wholesale imprinted activewear market in Canada, the United States, Europe, and Asia/Pacific. The company manufactures and sells 100% cotton t-shirts and 50% cotton/50% polyester t-shirts, placket collar sport shirts, and fleece products in various weights, sizes, colors, and styles. It also sells its products as ‘blanks’, which are decorated with designs and logos fo

The market ETFs continue to outperform the picks of my newsletter, my Trade Ideas scan and Jim Cramer's Lightning round picks. Since August, the market ETFs have outperformed the other stock picks 40% of the time. This week was no exception. The ETF's returned an average of +1.70% pre trade, well ahead of next placed newsletter picks at -0.13% , with Jim Cramer's picks bringing up the rear with an average loss of -2.95% per trade. Ironically, the best pick was one of Jim Cramer's: Continental Airlines, CAL , returning +7.71% . Worst pick was also from Jim Cramer: Quest Diagnostics, DGX , shed -17.90% . 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 fro

Markets continue to push their advances, even if it is only a a few points worth. The Trade Ideas scan was weakly bullish; to select 8 different picks covered a time span of 11 minutes . By far the most frequent to appear was Trammell Crow ( TCC ) at 33 times - second was Bunge Ltd ( BG ) at 16 appearances . Trammell Crow has shaped a small handle between former resistance (now support) and a new resistance line connect September and May highs. Buyers can wait for a break of latter resistance, or for a move past $37.36. Stops go on a loss of $35. Volume is modest, it should pick up on the break of $37.36. The 40-week MA was support in late 2005 and appears to be repeating form again in 2006. Those with a longer time frame can use the 40-week MA as an alternative stop. There is no point-n-figure price pattern, although the p-n-f chart has a bearish target of $20. I would look for a move to $50. Suffice to say, it does alot (although given that I am surprised it doesn't pay a divi

Nice channel in play. Follow the trend; buy support - sell resistance. Chief negatives are the bearish divergence in the MACD and the weakening bullish strength as measured by +DI. STEC

Chad Vader

Well, it was a week when the large caps [ Dow and S&P ] broke to new highs and (more importantly) were able to retain those highs. Also benefiting were small cap [ Russell 2000 ] stocks which pushed past 735 resistance (5-month resistance) and held these levels into the weeks close. The tech averages [ NASDAQ and NASDAQ 100 ] still have work to do to breach resistance, the semiconductor index struggled the most in the face of net gains for the markets - shaping a new, mini-downward channel out from the previously (larger) upward channel. However, in terms of relative market strength - Tech leads the way { Tech > Small Caps > Large caps = net bullish and strengthening}. Technically, there was a fresh 'buy' trigger in the Russell 2000 and new highs in on-balance-volume for the Dow and S&P . Market internals [ $NASI , $NAA50 and $BPCOMPQ ] were interesting because of their mixed messages; the $BPCOMPQ pushed beyond resistance of 48, reversing

Large caps took a star turn for the week. After some bearish opinions last week (mine included) - what did the other Stockcharters have to say about it. Joe Reed has yet to call a top in the Dow and appears to be waiting for an RSI (hidden setting) to reach 70. He was, however, more bearish on the AMEX: But, liked the S&P: He also posted his sector watch (new): Mitchell Meana was a little more bearish all round. His Diamonds ( DIA ) chart illustrated the bullish wedge breakout, but the impllications from it was for an eventual repeat of a similar pattern breakout in May. His outlook for the NASDAQ was similarly troublesome: Robert New again had his weekly summary Closing Update...The Nasdaq marches closer towards its 2325-50 price resistance with the SP 500 nearing some resistance in the 1360 area. Our scans continue to show many nice bases forming the right side of their patterns and many hopefully will get a period of consolidation near our key resistance levels which will serv