Not too many surprises as the market gave up some of its recent gains. There was still some punch to the Trade Ideas scan with a "Top-8" pick list done in 12 minutes (just outside bullish territory of 10 minutes, but given the day - not bad). The "20-appearance" list was done in 4 hours 18 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

Today's action had much in common with a bullish consolidation; breakouts in the Dow, Nasdaq 100 and Nasdaq held, while volume eased from yesterday's big gains. Small caps had the best day, but are still some way from making a new 2007 high. The Trade Ideas scan was bustling enough with a "Top-8" pick list done in 8 minutes and a "20-appearance" list in a reasonable 1 hour and 27 minutes . Bulls hold their edge. 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 good day for the indices saw new highs for the Nasdaq and Dow (to follow last week's highs for the Nasdaq 100). This rally is gathering momentum and it shouldn't be long before the S&P and Russell 2000 are doing likewise. The Trade Ideas scan took a step up to recent days with a "Top-8" pick list done in a bullish 2 minutes , and a "20-appearance" list in another bullish 47 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

The market breakout has turned negative on gold stocks. The stock was entered on the premise of a bounce off the 50-day MA to go test (and break) $7.00 resistance. U.S. Gold ( UXG ) cut below $6.25 support and its 50-day MA, to run into its stop and close the 1,300 share position for a -$403 loss ( -4.92% ). Collective2

No Weekly Stockcharts.com review for this week - instead I am doing a follow up piece on an earlier article. It's time for round two of the analysis of the Ticker Sense Blogger Sentiment Poll . My original analysis covered 20 polls from the start of the year and is given here . This is another 20 sample poll, covering the period from April 20th to August 31st. What is interesting about this period was the sharp correction for the S&P in July/August, but how had this impacted on Bloggers? There have been some changes, notable were the end of contributions from Ant and Sons, and Bill aka NoDooDahs in July, both of whom were regular weekly data providers up to that point. The other blogger returns were a mixed bag: Controlled Greed, Knight Trader, Naked Shorts, Traders Talk, Wishing Wealth, Trader Tim, Jack Stevison, and Fly on the Wall returned 10 or fewer poll returns out of the 19 possible (there were data issues for one week out of the 20) - so their data will be skewed by the

Markets are moving in baby steps upwards. Traders seem unwilling to push beyond the various morning gaps, perhaps concerned of the potential for a double top in the markets (although the Nasdaq 100 is doing its best to alleviate such fears). Market internals are neutral, but not overbought, thus favoring further gains for the indices. The Trade Ideas scan remains on the bearish side of the fence with a "Top-8" pick list done in 14 minutes and a "20-appearance" list featuring only 5 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

Morning gaps held for the indices, but traders couldn't build on this strength through the day. The Trade Ideas "Top-8" scan covered a slowing 15 minutes , with a "20-appearance" list spread over 3 hours and 45 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