A great day for the Nasdaq 100 as it finished on a new closing high for 2007 on heavier volume. Unfortunately, the semiconductor index continued to mess around at support - reducing the significance of this breakout - but at least it looked good. The Trade Ideas scan sided with bulls with a "Top-8" list coming in at 2 minutes and a "20-appearance" list in at 27 minutes . Decent numbers if you are a bull. 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

Fears of a Black Monday proved unfounded as the indices made small gains off Friday's lows. Volume was disappointing and not what bulls would have liked to have seen. The Trade Ideas scan was decently bullish; the "Top-8" pick list covered a respectable 4 minutes , while the "20-appearance" list came in at a very strong 14 minutes . Not bad figures given the disappointing volume. 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

Insulet Corp ( PODD ) dipped into the low $22s before it staged its post-morning rally. The drop was enough to hit the stop to close the 500 share position for a -$755 ( -6.4% ) loss. Three positions remain in the portfolio as market exposure is reduced following the failed breakouts in large caps and the lagging performance of small caps. Collective2

It was a busy close of week for the averages. How did the Stockcharters see it? Dr. Joe offered up his bullet point summary on the week: Joe has highlighted the buy signals for the Nasdaq (but no sell triggers) using the Nasdaq Summation Index: He has a good Dow chart with a MACD histogram overlay (from John Murphy???). Friday's selling didn't completely reverse the MACD - but it looks like it will only be a matter of time before it does: Ted Burge is looking for support with further details available on his website . His 60-min intraday chart for the Dow is interesting as it shows the next level of support down at 13,350: His daily Nasdaq chart shows support at 2,695: While his semiconductor chart has support marked at 472: and the Russell at 771: Jack Chan has marked fresh 'sell' triggers for the Energy sector - although he looks to have changed his opinion from a sell - to a hold - before back to a sell (see some of my earlier reviews): and Gold indices: Maurice W

Yes, Friday was ugly - but "Black Friday" doesn't really have a ring to it and volume - although higher - was not a fearful capitulation. The indices do have their problems, not least those of the semiconductor index and Transport index which both suggest a weak economy: The semiconductor index is threatening long term lows which runs contrary to that of the parent Nasdaq indices and the Transports have created a classic failed breakout and counter breakdown. Given both of these indices were a long way from confirming strength in the Nasdaq/Nasdaq 100 and Dow it should have been of no surprise to have seen a day like today: Factor in "Death Crosses" for the Transports and Small caps and you have a recipe for trouble: What happens at August lows (should they be tested) will be interesting as internals did confirm this low as a major bottom - a break of which would go a long way towards confirming the start of a cyclical bear market withing a secular bear market.

There was a bit of traction for the markets as early weakness was turned into afternoon strength. The Trade Ideas scan was up with the buying as the "Top-8" list chalked in at 7 minutes and a "20-appearance" list in 4 hours and 12 minutes . A welcome relief for bulls. 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

Another day of mixed fortunes for the averages. The semiconductors were able to relieve some of the pressure of recent days, but other indices stalled. The Trade Ideas scan slowed some more; the "Top-8" list drifted out into more bearish territory of 13 minutes , while the "20-appearance" list only comprised of three picks (ABI, BOKF, and GSH) - not exactly rich pickings: 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