Bulls struggled through the day, although a small bounce looks a better bet at this juncture given the markets have experienced three days of declines in a row (or four down days in the last five) - but the overall picture was little changed on yesterday. The Trade Ideas scan was again slow with the top-8 picks coming in at a bearish 44 minutes with only five picks: FIF , CV , ROK , ORB and CVD 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

Another stop hit as LJ International ( JADE ) broke through rising support and the 50-day MA. It has been a scrappy last couple of months for the portfolio - saved by the relatively low equity exposure but underpeforming relative to the S&P. Only one stock remains (OMNI Energy: OMNI ). The 800 share lot closed for a loss of -$560 ( -6.0% ): Collective2

It was a disappointing day for the markets. The semiconductors had promised much after last weeks push above 510, but the last 2 days of selling have more-or-less confirmed the bull trap with pressure now on double bottom support (with the 50-day MA not far below). The Nasdaq is back at its 50-day MA in what has been a scrappy last couple of months. With new selling pressure on the semiconductors there is a good chance of a break (although some short term strength may appear at this important support level): The Dow has a sizable inverse-doji right above the 50-day MA which should help bulls. Buyers have been jumping in to buy dips - but will this one be one-to-many for them given the proximity of the last two dip buying sessions?: The loss of the 50-day MA for the S&P is another concern: I am not sure if there was a problem with the Trade Ideas scan as the last 2 hours saw very little of anything whereas before there was some buying. Based on the earlier data an 8 pick list wou

No Stockcharts.com review for this week. Too much to do and not enough time...

Regular readers will note when I publish the list of stocks drawn up by the Trade-Ideas scanner I also note the time required to select a "top-8" of stocks, and eight "20-appearance" or "20-hit" stocks (the latter set of stocks are what you see listed each day). The "top-8" picks are the eight most recent stocks selected from the close of the day, counting back. I exclude repeat counts for the same stock. I use the end-of-day as a baseline to keep the timing consistent across days. The "20-appearance" list are the eight stocks you see published; these are stocks which make 20 or more appearances on the scan (with Trade Ideas, if a stock meets the parameters of your scan it will be 'printed' in real-time, so stocks repeatedly meeting the criteria will be receive a fresh print on the scan. It is a great way to see which stocks are gathering the most buying momentum during the day). Some days enjoy broad buying which means numerous

InnerWorkings Inc. ( INWK ) made a minor break of support and may develop a more substantial pullback (on what looks to be low volume). For the purposes of my Collective2 portfolio the 700 share position was closed out for a +$1,533 profit ( +15.9% ) - alleviating some of the damage done by the NetList ( NLST ) trade. Equity exposure for this portfolio has been reduced to 23% as a result. To Subscribe to these signals click the performance chart below : Collective2

The semiconductor index was the real star on the day. The previous two days were set up the back test of double bottom support before today's upside follow through. Gains in the semiconductors helped lift the overall averages - a weekly close over 510 for semicondutors would likely set up a move to 550 and would be a great help to the Nasdaq and Nasdaq 100 over the coming weeks: The Trade Ideas scan was back to its winning ways. The most recent 8 picks covered a time span of a 2 minutes with the "20-appearance" list covering 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