Trade Mike made a good point about the oversold nature of this drop. The Trade Ideas scan had been showing similar lackluster buying. The Russell 2000 has to have some good short term potential - if only to take it back to the 200-day MA: The Nasdaq is loitering near support and could have merits here. Moneyflow remains interesting: Apologies for the light posting over the last couple of days as I prepare for the Ph.D. defence of a student. Fallond

The prior increase in equity exposure from 20% to 40% is no more. Gmarket Inc ( GMKT ) sliced through the stop price to exit the 400 share lot for a -$492 loss ( -4.9% ). Three positions remain in the portfolio with a combined equity exposure of 30% (70% cash). Collective2

Big bearish sweep but it likely has set up a good short term (1-day) buying opportunity. The weakest of the indices, the Russell 2000, is showing the heaviest loss. Watch how it acts at the 200-day MA: The Trade Ideas scan was not surprisingly slow (although it gave a nice heads up yesterday when buying was also light): the "Top-8" picks came in at a 1 hour 30 minutes with only 2 stocks making the cut for the "20-appearance" list: If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial. If you are interested in knowing what I do with the "Top-8" and "20-appearance" data I have prepared a report here . Trade Ideas

It was a so-so day for the markets with a bullish bias on light volume. The Trade Ideas scan was not so bullish with a "Top-8" pick list selected in 31 minutes and a "20-appearance" list done in 4 hours and 10 minutes . Typical action for a slow day. If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial. If you are interested in knowing what I do with the "Top-8" and "20-appearance" data I have prepared a report here . Trade Ideas

Bears brought the week down after the previous week's solid gains. The damage wasn't enough to reverse the prior week's bull buying so what had the Stockcharters got to say about it? This is a shortened list as few posters have updated their charts in recent weeks: Dr. Joe opens with his Dow Industrial chart - but again has not marked in his 'sell' trigger for full stochastics: His Euro/Dollar index finally shows the breakdown in the dollar: Although there is still monthly support for the dollar: Robert New is trackinig the 10-year yield - still stuck under resistance: Although the 20+ year Treasury Bond Fund looks ready to advance: For the NYSE Robert is looking for 10,400: Richard Lehman again summarizes nicely: 7/21 -- A number of short term upchannels have been broken, though notably, the QQQ upchannel remains intact. Downchannels are not terribly steep yet, but momentum in the short term has ebbed and is heading downward. ST downchannel lines are prelimina...

Friday's action handed the week's action to the bears. However, the prevailing trend is bullish and indices still have support to look too. The Russell 2000 tested May-June support and is well placed for a bounce on Monday (stops on break of support): Large caps took 1% hits on Friday, but money flow for each is on the rise. The S&P was able to meet its projected target from the February-April correction: While the Nasdaq has been riding the good fortune of semi-conductors and has the strongest money flow. The projected target fell a few points short but it looks as good as met: Next week is another week. Can bulls re-assert the trend or will a larger sideways pattern unfold? Fallond

Bulls gapped up on higher tech volume, but were unable to push further gains beyond the open. Google ( GOOG ) earnings will likely dampen things tomorrow but bulls can be pleased last Thursday's gains have held up to bearish pressure. Small caps retained 856 resistance. The Trade Ideas scan was a little slower than yesterday. The top-8 picks came in at 4 minutes , while the 20-appearance stocks were selected in 20 minutes . Reasonably bullish. If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial. If you are interested in knowing what I do with the "Top-8" and "20-appearance" data I have prepared a report here . Trade Ideas