Some solid footwork from tech and small caps (the Nasdaq 100 in particular) has strengthened what had only been (to date) a large cap rally. Large cap performances was perhaps disappointing in retrospect - but given their recent gains this was of no great importance. The Trade Ideas scan hummed along; the top-8 picks were selected in 2 minutes and the "20-appearance" list was cooked in a respectable enough 1 hour and 7 minutes . 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

An early loan repayment has allowed me to re-invest monies first made by the purchase of annual membership by E. Scott (this will be the second loan made from his original subscription payment). If you are interested in receiving my newsletter and helping a business in need you can subscribe to my newsletter through a direct payment , or by buying a KIVA gift certificate . Twenty-five dollars of the annual membership subscription, or the entire KIVA gift certificate will be allocated to projects of your choice. This is a great way to benefit from my newsletter while your subscription payment helps a business in need. KIVA

Large caps diverged even more against small and tech indices. What did the Stockcharters have to say about the weeks action? Joe Reed summarized the week as follows: But he has remained non-committal on this Dow chart: although his weekly chart shows the bottoms nicely: His Oil chart clearly shows where there is resistance; will there be a breakout?: Ted Burge noted support in the NYSE (Friday's action confirmed 9,830): While the Nasdaq 100 and Nasdaq are just below resistance (but pressured by their 20-day MAs): Mitchell Meana has illustrated the crazy gains in the DIA - have they reached their target, or are they extending to 1.618 of wave I? The 60-min Qs look ready for a fifth wave up (although I am not clear why Mitchell has labelled "4" where he did). If true there should be corresponding new highs for the tech averages: His S&P chart shows the index playing to a fifth wave - look for a test of the upper channel to complete this wave: Robert New has noted

I took a quick look at my readership numbers and noted a couple of quirks in the data. My total unique visits had a consistent pattern in reported monthly performance with a period of growth May-06 to October-06, then a drop, followed by a new growth period from November-06 to April-07. What is interesting is that each stat reader has its own version of unique visits; Sitemeter is the tightest and Webalizer the loosest. Presumably Webalizer is counting bot visits which the others do not, but I was surprised by the variation between the remaining stat counters given they probably all have the same "rules" for what is considered a unique visit. The big difference was in the total number of visits to the site. Sitemeter went from been the more stringent from May to November before it flipped from December to March. The gradual growth in total visits is presumably attributed to more frequent visits from my uniques as they switch from (perhaps?) weekly visitors to more regular rea

A low grade bullish turn helped keep the Trade Ideas scan bubbling along. The top-8 picks came in at 2 minutes , while the "20-appearance" list came in at just over an hour . 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

The markets limped along with a bearish tone. The Trade Ideas scan was similary quiet with the top-8 picks coming in at 17 minutes , while the "20-appearance" list coverd a more bullish 54 minutes : 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

OMNI Energy Services has been a nice little performer for me. I first featured this to Subscribers for March 9th in which I said this: The second pick, OMNI, is a base breakout play after the company reported earnings during Thursday's afternoon trading. Patient buyers can probably get fills on a back test of $9.50. There was improvement in the supporting technical picture with a resistance breakout in on-balance-volume and a bullish cross in trend strength which also inched a new reaction high [+DI > -DI; ADX < 20 and rising = weak bullish]. Key resistance lurks at $11.51. For a price target I have opted for a measured move forward. The weekly chart shows a consolidation triangle with resistance around $11. The stock has in 2007 seen the first major test of the 40-week MA since the summer of 2005 (and a brief touch in the fall of 2006), how buyers behave here will say alot about the long term prospects for the stock. I then added it to my Collective2 portfolio on May 1st a