The bounce came with force and a large chunk of Thursday's losses were reversed. The Trade Ideas scan was back to its prior rude health with the top-8 picks selected in 2 minutes and the "20-appearance" list in 16 minutes : It was a good day for DIA option traders: 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

Disappointing to see this position exited on the lows of the day given the subsequent bounce in this stock (and the market as a whole). However, the original tenet for the position no longer looks valid after the break - and loss - of $41 left a bull trap. A push above $42 would be needed to negate the bull trap. The 200 share position closed for a -$563 ( -6.8% ) loss. Collective2

The June 1st Breakout turned out to be a bull trap, breaking below the most recent reaction low on Thursday's close. The 200 share position closed for a -$273 loss ( -3.7% ). Four positions remain in the account with a 32% equity exposure based on a $100K account. The recent underperformance of this account has to do with the sizable cash position held - but if the market drops hard from here it should leave the account relative unscathed. Collective2

Large cap buying never materialised as had happened in the past, which likely spooked the markets even more than it was already. The S&P was hit hardest with a sharp, clean break of its 5-week mini-channel. The semi-conductor index floundered and is well on its way to a test of its 200-day MA - bad news for the Nasdaq and Nasdaq 100 which may be on the way to doing the same. Small caps didn't escape sellers wrath and a move to former broadening wedge support (and/or 200-day MA) is perhaps favored. The Trade Ideas scan slowed even more as the top-8 picks took 1 hour and 20 minutes with only 2 stocks breaking the "20-appearance barrier". 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 Russell 2000 found some minor support but was afflicted with a 'sell' trigger in slow stochastics [14,3]: The Dow and S&P sit at an interesting junction; prior sell-offs, such as todays, are often been followed by fresh buying - will this follow to form and see a higher close tomorrow? The Trade-Ideas scan maintained a bearish theme; the most recent 8 stocks covered 27 minutes with yet another day of just 3 stocks breaking the "20-appearance" mark: 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

Buyers slammed on the brakes as the indices churned around on higher volume. On a relative scale it was quite the swing from yesterday with the Trade Ideas scan taking 14 minutes to cover the top-8 stocks and the "20-appearance" list only featuring 3 stocks for the day : One positive was the test of former broadening wedge resistance in the Russell 2000 (but with ADX < 20 the bullish trend is not confirmed): The Dow remains unphased by the mixed small cap buying: While the Nasdaq is like an educational tool for candlestick topping patterns (it too is trendless with ADX < 20): Is this the tone for the rest of the summer? 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 steps up continued to be the market form of late. The Trade Ideas scan was more buoyant than the modest gains would suggest with the top 8 picks selected in 2-minutes and the "20-appearance" list in 20 minutes . Bulls looking confident. 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