Bulls couldn't build on the early gap, leaving markets in a bit of a rut by the close. The Trade Ideas scan did not generate much optimism; the "Top-8" pick list came in at 49 minutes with the "20-appearance" list done in a more respectable 2 hours and 3 minutes . These times need to come down if this rally is to get any juice behind it. 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

The 50-day MAs again played their role as resistance, killing buying momentum and registering distribution days for some of the indices. The selling was readily apparent in the Trade Ideas scan; the "Top-8" list came in at a slow 47 minutes , while the "20-appearance" list was done in a more respectable 1 hour and 35 minutes . Until the 50-day MAs are breached on heavier volume one should be wary on putting too much money to work. 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

From a macro level there was little change in the markets, but intraday buying as measured by the Trade Ideas scan was markedly improved. The "Top-8" pick list was done in a solidly bullish 3 minutes , with a "20-appearance list" completed in 45 minutes . It has been weeks since figures like these were last posted, but it will take more than one good day to shore up demand for stocks. 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

A quiet day for the indices was reflected in the Trade Ideas scan. The "Top-8" pick list came in at 23 minutes , with the "20-appearance" list featuring 7 stocks for the 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

After a one-week hiatus it is back to the weekly review. A nasty end of the week leaves some questions on the state of the rally, notably the strength of the 50-day MA as resistance. What had the Stockcharters to say about it? Dr Joe Reed kicks the week off with his weekly review: His S&P chart is interesting because it shows the reaction low in stochastics, along with the presence of support: And hasn't changed his opinion for a bottom in the Dow (weekly chart): Ted Burge makes note of what should be watched on the "Ted Charts" (support + 20-day MA + MACD histogram): Maurice Walker had this to say about the market (before Friday's plunge). His charts are available by following the link to his page: 9/6 Commentary: Crude Oil continues to move higher as prices flirted with the previous high of 78.77. Today's intraday high was 77.43, just a fraction below. Crude has not been in this range since the summer of 2006. Crude Oil broke out of an inverse Head &

This was a short lived play - entered on the bullish hammer which marked the supposed positive backtest of support, but exited on the break of this support. The hammer should have perhaps been ignored given it didn't occur at an oversold stochastic - I went with price action over the technical read and was caught out. Back to the watch list it goes. The 1,500 share lot closed for a -$600 ( -5.82% ) loss. Equity exposure is again back to 10% with cash at 90%. After Friday's losses and indices struggles at the 50-day MAs it could be back to the drawing board for this rally (although it is still intact). Collective2

An interesting inside-day set up for the markets; trade a break of highs/lows. Based on the level of intraday buying the indices are hedging towards a downward break; today's "Top-8" list covered a sluggish 34 minutes with a "20-appearance" list done in 4 hours and 15 minutes . 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