The general market dive in the afternoon will likely see a "dead-cat-bounce", but over the next few weeks a test of the various indices 200-day MAs looks most probable. The Trade Ideas scan died when the selling began; although it wasn't exactly firing on all cylinders - 8 picks covered a time span of 85 minutes . A couple of picks made it over the 20 appearance mark: Korea Electric Power Corp ( KEP ) and Magellan Midstream ( MGG ) came in at 21 and 27 hits apiece. Magellan Midstream ( MGG ) managed a clean break of $23 resistance and hasn't fallen to the selling which has swept the markets this afternoon. It is close to clearing its IPO price earlier this year, thereby completing its base, and setting up a projected move to $32. The stock qualifies as a double top breakout on the point-n-figure chart (one of the first for 2007!), but as yet, no p-n-f price target. It pays a 4.2% yield. Magellan Midstream Holdings, L.P. engages in the ownership and operation of Mage

If someone decides to round up of the lists for "best financial blogs" which are doing the rounds at the moment then that should be worth a cookie. Here are my faves: All rounder : TraderMike has a little bit of everything, but not too much of one thing. Links/Market Commentary/Stock watch lists. Can't fault him. Honorable mention to TheKirkReport and his Festivus of links. Finger on the pulse : Brett Steenbarger crunches the numbers with his long form and short form analysis. He also keeps a handy source of links, not to mention his site was the primary driver of external site traffic to my blog in 2006 (Thanks Brett!) Market Internals : Headline Charts should be on everyone's blogroll. Started in October 2006 and is now a regular stop in my daily routine. The sector bullish percents table is a great visual as to where the money is (or isn't). Economy : The Big Picture . Looking forward to the day when Barry is bullish and loves the real estate market... Blo

If looking at a straight performance measure for stocks picked in January 2006 and sold at the end of December it was not a good year for my Fallondpicks.com stocks. However, the caveat here was that no stop prices were used. So lets get the bad news out of the way with first. My Subscriber picks (yes - the ones which one pays for!) had an average return of -7% for the year with 28% of the 42 stocks profitable. Ugly. The free picks which are drawn from a Breakout scan (and are kept here ) fared slightly better with a flat ( 0% ) return, but a still measly 29% profitability off 41 stocks. Using my suggested target and stop prices to mark the exits - the average return of my Subscriber picks rose to 2% and for my Breakout picks it was 6% , but with a holding period of less than 7 months; if it one was to approximate the returns over the year it would be 3% for the Subscriber picks and 10% for Breakout picks. Better, but still not approaching the market returns. It was a good

The last couple weeks of holiday trading haven't seen too much change in the markets. Things are unlikely to spice up until the week after next as markets will be closed for almost half of next week. Not surprsingly, there wasn't many new charts to showcase given the lack of change. Joe Reed had commented: *** Dec '06 - Here's what's happening now *** THIRD QUARTER 'EARNINGS' came in Extremely High and that's one motivating force pushing stock prices higher. This may last for a while too, BUT eventually high earnings will become 'Unsustainable' (they always do). In the meantime, play the bull for as long as he lasts, followed with stop loss orders. His Dow chart showed support on the recent test: Similarly for the Nasdaq: with a top marked in the Qs Although Joe hasn't noted it, his S&P chart shows clear bearish divergences in his RSI and Ultimate Oscillator Mitchell Meana keeps things interesting as he looks for the wave 4 bottom: Not

A day in which the markets held their status quo. It did result in a slow down for the Trade Ideas scan; 8 picks covered a time span of 22 minutes . Only one pick: The Servicemaster ( SVM ), pushed over the 20 appearance mark at 24 hits . Semco Energy ( SEN ), Novagold ( NG ), and The Servicemaster ( SVM ) all managed bullish crosses of their 50-day MA by the 20-day MA inside the last 2 months. On the 1-year charts there is an interesting base taking shape in Novagold ( NG ); the large gap breakout from July has held up nicely and it looks ready to drive higher. The Servicemaster ( SVM ) also found support at its breakout gap, but did so over a much narrower time frame (1 month). If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial. Trade Ideas

Another good day for small caps, with large caps along for the rise. Tech is doing OK, but the channel break in the Nasdaq 100 still holds. The Trade Ideas scan skipped along with 8 picks covering a time span of 5 minutes . Unlike yesterday there were no real star performers; early day strength saw 50 appearances for Cleveland-Cliffs ( CLF ) and 32 for Petroleo Brasileiro ( PBR ). But the picks I have featured for the most recent scan made less than 20 appearances . A bullish cross of the 20-day and 50-day MAs inside the last 2 months occurred only for Nuveen Equity Premium Advantage Fund ( JLA ). For the 1-year chart there is solid trend trading for Under Armour ( UA ), Barclays Plc ( BCS ), Nuveen Equity ( JLA ), TJX Cos ( TJX ), and Agco ( AG ). Watch for a cup-and-handle in Gerdau USA ( GGB ) and Barnes group ( B ) as they approach 52-week highs. If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial. Trade Ideas

Small caps made the most headway against last week's losses. The short-term channel break in the Nasdaq 100 on Friday held, even though the index managed light gains. Other indices posted modest gains. The Trade Ideas scan was reasonably buoyant for St. Stephen's Day; 8 picks covered a time span of 4 minutes (not bad!). CNA Surety ( SUR ), Chubb Corp ( CB ), China fund ( CHN ) featured 28 , 32 and 34 times respectively over the course of the day. Bullish crosses of the 20-day and 50-day MAs inside the last 2 months were found in Metallica ( MRB ), First Horizon ( FHN ) and Astoria ( AF ). Trend traders may find some seasonal joy in Metallica ( MRB ) as it confirms the break of $3.50 resistance. Place stops at the most recent reaction low ($3.75); look for a move to $4.50. National City Corp ( NCC ), First Horizon ( FHN ), and Astoria ( AF ) all trade at the resistance end of broad 8-month channels - watch for breaks. If you would like to try a full version of the Trade-Id