Large and Small caps followed the lead of Tech indices from yesterday by breaking to new highs. Further confirmation of bullish strength came on the increased buying from my Trade Ideas scan; 8 picks covered a time span of 1 minute - typical bullish action. A number of the stocks have pushed bullish crosses of the 50-day MA by the 20-day MA: iShares MCSI Emerging Market ( EEM ), Total Fina Elf ( TOT ), 21st Century Inusrance ( TW ), Rollins ( ROL ), Banco Itau S.A. ( ITU ), and Goodrich Corp ( GR ). Buying was relatively evenly spread across the board with no one pick registering more than 13 appearances over the course of the day. The strongest 1-year charts can be found in: [1] Total Fina Elf ( TOT ); stock has pushed a break of $70 resistance, setting up a potential run to $80 - stops can go on a loss of $70. [2] Banco Itau S.A. ( ITU ); formed a small handle between $35 resistance and $32.50 support. Buy break of resistance, stop on loss of support, projected target of $47.50. [3

Three early loans have been repaid in full inside the year, crediting $75 back into the pot. I plan to allocate this money to three new projects ($25 a piece). If there are particular projects readers would like this money to go to then post a comment with the link to the requested project. If there are no comment posts by the coming weekend I will allocate the money myself. KIVA

Tech markets pushed breaks to new highs which started the week off in a positive tone. The level of buying was improved from last week, but still not stellar given the significance of the tech breaks; the Trade Ideas scan took 5 minutes to come up with 8 stocks. Only the Latin America 40 Index iShares ( ILF ) made a bullish cross of the 50-day MA with the 20-day MA inside the last 2 months. Reckson Assoc Realty Corp ( RA ), Materials Select Sector ( XLB ) and Emulex Corp ( ELX ) pushed to new closing highs. The 1-year charts shows a lengthy cup-and-handle pattern in Reckson Assoc Realty ( RA ); stops on a loss of $42, projected target of $52. Materials Select Sector ( XLB ) and Latin America 40 Index ( ILF ) trades close to 52-week high resistance; watch for the development of consolidation handles before pushing higher (for the ILF , this could be a move back to $150 and for XLB look for a retracement to $32.50). Trend traders can look to Marcus Corp ( MCS ). If you would like to

I have just completed my review of the opinion of the public Stockcharters (available every weekend) and I was surprised by the general net bullishness of the comments. Mitchell Meana 's charts were particularly interesting given he uses simply illustrated Elliot Wave counts (something I can never get right); his opinion favors another leg of the rally - whereas I am sticking to my more bearish tone (it is important to look at all sides of the argument). Even if this final leg was to come to fruition, one would still need to be cautious on adding new positions, but existing ones may enjoy another profit surge. The indices closed the holiday Friday on light volume (no surprise) with no real change as the battle to beat resistance continues. The areas to watch remain the bullish divergence of the NASDAQ MACD; the indicator is currently running along this support line (the NASDAQ 100 MACD is well above its bullish divergence). The increasing divergence between large ca

After a 1 week hiatus, how are the public listers rating the market now? Joe Reed hadn't much to add to my earlier review of his charts. However, he has a new chart highlighting the convergence of indices into a potential top; perhaps similar to how converges of the indices in August 2004, April 2005 and June 2006 marked bottoms? He has also pointed to a convergence of tops in the RSI and Ultimate Oscillator of the Dow (but haven't we all!). Mitchell Meana has taken a more optimistic view; he is looking at a potential fifth wave rally up for the Qs/Nasdaq 100: With a crude head-and-shoulder reversal in the Nasdaq: His bullish count extends to large and small caps (note declining volume in the IWM as it makes each new high - this could throw a spanner in the works for the bull count): Joe Reed focused on the Energy Select SPDR ( XLE ); he highlights the action the ETF suffered during August when it traded at resistance and how it is repeating itself now. Further informatio

Markets took a breather from recent gains, edging lower during afternoon trading on significantly heavier volume (CSCO earnings contributing a large part to this volume). Although the markets had a good day yesterday, it wasn't reflected in the buying through my Trade Ideas scan. This time, the level of buying increased so that 8 picks covered a time span of 20 minutes ; a better improvement on yesterday, but still below the more consistent buying of last week. Marvel Entertainment ( MVL ), Monsanto ( MON ), and the Materials Select ETF ( XLB ) were the only picks to break the 20 daily appearances barrier for the day; so money buying was relatively thinly spread. The last stock to feature was Aspen Insurance Holdings ( AHL ) - but it only garnered 9 appearances for today. Aspen Insurance ( AHL ) pays a healthy 2.4% yield and has enjoyed some recent narrow trading. The stock closed just shy of breaking $26.25 resistance; a stumbling block dating back to late 2005. The next level o

Markets held up well after avoiding the 'sell the news' effect following the Democrats sweep. Wednesday's gains came on higher volume for many markets; the third such day in a row. The Trade Ideas scan was not so buoyant; 8 picks covered a time span of 29 minutes , a very different story to the 3-4 minute buying of last week. No one pick dominated; JNC , EWZ , DVN and XLE managed 25-30 appearances by the end-of-day. However, the pick I have gone for is Kaydon Corp ( KDN ). Kaydon is working through a 3-month base, on a small bullish flag following from a similar consolidation in late September. The larger base projects a target of $54. One can use the bull flag lows as a stop once resistance of this flag is breached to the upside. The 1.2% yield is an added bonus and covered calls can be sold during overbought market conditions to generate additional income. Kaydon Corporation engages in the design and manufacture of custom engineered products primarily in the United Sta