New highs for the market made it business as usual for the indices. What of the Stockcharters? I usually only check the lead page of our Stockcharters, but Joe Reed has some interesting charts on his second page. First up is the Nasdaq New High-Lows for the last five years: With a good chart showing the bottoms in the US dollar for the past 17 years: with his comments below: *IMPORTANT! US of A Buckaroo Comment: Ever since the Obvious head and shoulders bottom formation failed, it's been down the tubes time ever since. Now it's entering a strong support area, which should hold at some point for a move up. HOWEVER... If our dollar breaks Down thru this 16 year Support, it's going to be bad news bears and free fall. And considering our country's Less than Favorable Status in the world today, that is a real possibility. *However, if the breakdown occurs, We'll make a Fortune in Gold!! Oil looks to have made a crossover bottom too (not marked though): Ted Burge uses t

This is a non-compensated review of Babak's blog, "Trader's Narrative". The first thing that greets you upon visiting is the rather colorful banner below which lies an easy to read on the eye, Wordpress designed blog: His navigation options are simple: [1] daily content, [2] a best of, [3] merchandise (the only blogger I know to market his blog this way!), [4] an about me section and a [5] Contact page. [1] The daily content features the three most recent posts (which in some cases is more than one post a day). Just to give an idea of Babak's range: His posts today spoke about market distances from their MAs, with special reference to the Chinese Market (Bulls will be pleased to know the Nasdaq is only 8.7% up from its 200-day MA, the Dow, 10.7%); the desire for simplicity in trading versus the "voodoo" purveyors of incomprehensible methods ; and a trading piece on US REITs . One thing which stands out for me is his clarity of writing. Articles are a g

The markets may have hovered around yesterday's gains but it was another bullish day for the Trade Ideas scan; the top-8 picks came in at 2 minutes while the "20-appearance" list covered 27 minutes . The one index which played catchup to the markets was the semiconductor index as it tacked on 1.42% compared to yesterday's narrow loss. As for some of the other indices. The Russell 2000 was able to put some distance from broadening wedge resistance: Large caps are swimming along nicely: Nasdaq has more toppy action to show for itself: 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 Shanghai collapse made little impact on US markets as bulls continued their advance. Markets finished the day just below their highs, although small caps benefited most with a new closing high for the year - although it finished just a shade above resistance of its broadening wedge - also note the developing bearish divergence in slow stochastics: The Trade Ideas scan was very bullish with both the top-8 picks and the "20-appearance" list coming in at under a minute . 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

I did some scratch work analysis of the Ticker Sense Blogger Sentiment Poll to see how accurate individual bloggers were on calling the S&P 30-days out. It is a shortened analysis based on 2007 performance (starting from December 2006 to allow for a January call, ending on April 23rd - the most recent recordable projection). Not all bloggers which contributed an opinion are included chiefly because I prepared my spreadsheet from recent opinion givers and worked backwards - so some bloggers who were regular providers in the early part of the year but no longer are (in recent months) are excluded. The data covers 20 polls. The S&P was measured from the open of the start of the week to the close 1-month later. Because the Ticker Sense options are bullish/bearish/neutral I defined a neutral outlook as anything less than a 1% gain or loss; bullish been >1% gain and bearish >1% loss. Based on these parameters the S&P scored 12 Bullish periods, 4 Bearish periods and 4 Neutr

AN extension of Friday's trading? Modest gains on light volume still weren't enough to erase Thursday's losses. But Bulls do have a platform from which to launch an attack on supply - the question is whether bears will be able to respond? The Trade Ideas scan was in the bullish camp with a top-8 picks covering 2 minutes and the "20-appearance" list 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 week saw another attempt by the bears to kill what has been a resilient rally. What had the Stockcharters got to say about it? Dr. Joe kicks the review off with his summary of the weeks action: He has finally indicated the 'sell' trigger in his Dow (a little late Joe...): Ted Burge has a good chart showing how Friday's action failed to reclaim resistance at 2,563 (based on his measurements - note the earlier attempted breakout in early May): His semiconductor chart is caught between support and resistance - a move to 472 looks favored at this point (note increasing MACD weakness in histogram): The Russell 2000 sits in a similar predicament: Mitchell Meana has marked in his wave "V" top for the Diamonds ( DIA ). Its interesting this target also approximates the measured move derived from the Feb-March range : With the Nasdaq 100 looks to have reached its upside target too: Robert New has kept with the new highs in the Wilshire as an important indicator for