Although my Collective2 portfolio performance since November could best be described as "disappointing" - given I had opted to keep the bulk of funds in cash - it was a relief to see my only remaining position, CMS Energy Corp ( CMS ), stopped out for a +$130 gain on a 250 share lot . Yesterday's "hanging man" was the warning, today's break was the confirmation. The portfolio is all cash and waiting for oversold internals before getting equity heavy once more. Collective2

Buyers of volatility would have had a great day but for market bulls it was a big slap in the face. The end-of-year 2006-2007 rising channels are no more, but for Tech and Small caps there is still (former) horizontal channel support dating back to December 2006 to look for (indeed, Tech made its small bounce from this zone). The Trade Ideas scan was obviously slow - but I was surprised to see 8 picks coming in under the hour mark at 52 minutes (a really slow day would require the whole day to come up with 8 stocks). Tomorrow will likely be dull as traders assess what damage has been done... Bonds and Questar ( STR ) were the only Trade Ideas picks breaking the 20 appearance barrier: Trade Ideas

The "Whisper Figure" in play. Note the heavier volume buying pre-earnings. This was picked up by my scan given the relative volume and price breakout - but I am sure there are plenty more like this traveling under the radar. Fallond

The following two picks are current newsletter picks of mine which have enjoyed solid gains, but are looking vulnerable to a reversal should lows of the bearish candlesticks be broken on a closing basis. Similar weakness was found in other picks of mine, but those stocks had not the gains these two have enjoyed of late: Hanger Orthopedic: Dana Shipping : Fallond

Another wave of selling pressure is threatening channel and breakout support in the indices. The Trade Ideas scan is reflecting some of this worry with 8 picks covering a time span of 16 minutes and only one pick, Novagold Resources ( NG ), breaking the 20 appearance barrier for the day (although there is still an hour left of trading). 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

A relatively uneventful end to the week as another test of channel support in the Dow held into the close of business on Friday. Unfortunately, the heavier volume decline in the Dow registered a distribution day and a MACD trigger 'sell'. The MACD 'sell' signal was enough to create a fresh bearish divergence in the indicator - which in turn, could be the cue to see a break of channel support on Monday. The NASDAQ 100 fell just shy of a breakout, but higher volume at resistance is a sign of (bearish) churning, so there is no guarantee for a breakout early next week. Working in support of the NASDAQ 100 and NASDAQ were the continued gains in the semiconductor index. In the short term the semiconductor index is looking a little rich, but there was enough leg work done by the bulls to shifts its intermediate picture (3 weeks - 3 month outlook) in favor of long positions. This in turn, should translate to gains for the NASDAQ 100 and NASDAQ . The Ru

The real mover on the week was the semiconductor index. What had the stockcharters got to say about the week's action. As a starter, Richard Crockett's list of breakout stocks is the number 1 ranked list according to hits - 37,543 to date and jumps all the "Hall of Fame" authors (Ignore the Vote count - foot traffic speaks louder than click traffic - Chip Anderson are you listening!). His first page has a number of interesting stocks; take a look at Barrick Gold Corp (ABX) and Abbott Laboratories (ABT) as examples. Joe Reed has gone for a 'top' in the S&P with a 'sell' trigger in full stochastics and the Wm%R indicator: His next focus was GLD, although I don't remember seeing this chart during the actual 'buy' trigger - but it is a nice chart to repeat: His other charts on energy and oil were much as he said before. Mitchell Meana has been showing a Nasdaq 100, 18-day cycle chart. By his reckoning, Monday (or early next week) should