Due to the death of my mother the next update will be on Thursday. Thank you.

A big push on Friday looks to have given bulls an edge. How did the Stockcharter's see it? Dr. Joe kept an eye on Oil as it continued its march ever higher. What do stochastics say here for the Dow? Will the next backtest reset support/resistance for this indicator? Considers the Nasdaq and S&P as contained by resistance: The Maurice Walker homily favors further gains: The daily DJIA got a break above its double bottom confirmation line of 12,767 on Friday. The pattern measures 1133 points having a target of 13,900. I expect the other daily index charts such as the S&P 500, the Nasdaq, and Russell 2K to follow the Dow's lead, and eventually move above their confirmation lines. Once the double bottom patterns breakout, prices will challenge the intermediate downtrends. However, the Russell 2K must break above its intermediate downtrend before it can break above the double bottom pattern. The S&P 500 rose 4.31 %, the DJIA increased 4.25 %, and the Nasdaq climbed 4.

For the next couple of months (or at least until it shifts hosts) I will be writing articles for Zignals. This is a new endeavor and I will use the opportunity to publish articles relating to financial blogging and strategy development. Fallond Stock Picks will remain focused on technical aspects of the market. I hope to get my first article on a MACD strategy test on the next Festival of Stocks this coming Monday. If there are particular queries relating to the new blog then I can be reached at declan-at-zignals.com. The new blog's feed can be found here .

The latest KIVA loans come courtesy of first month subscription payments from M. Siegel and J. Mercer . If you are interested in contributing please subscribe to my newsletter using the [Subscribe] button under the header. Allow 24 hours to set up site access and add your name to the email distribution list. The first loan goes to Amidu Jalloh: Amidu is 54 years old and married, with 19 children. He is an accomplished and experienced tailor, but he lacks the capital to purchase enough supplies to allow him to meet customer demand. He learned tailoring 10 years ago and has been sewing clothes ever since, especially for women in Makup Bana village. His service is very vital and saves women from travelling long distances to Makeni town to seek sewing services. Amidu would like to expand his business and is requesting a loan of approximately $700 US to purchase more cotton material, buttons, and other supplies for this purpose. The second is to Abdul Kargbo: Abdul Kargbo is 39 years old

I had featured Exponent ( EXPO ) in early March . The past three days have created what looks to be a short term blow-off top and is reason enough to take some money off the table. Up 20% from March. Trade my Stock Picks at

I took the Google Stock Screener for a test drive. It's got a very plain, simple interface compared to that of MSN's Advanced screener, but lacks some of MSN's (excellent) functionality. One thing I do like about Google's is that there is a neat graphic showing the distribution of stocks across the various parameter settings. I wanted to look for stocks which were showing discounts in dividend yield. I like to be getting something back from the stock while I hold for the long term so screening using yield as a filter is a good place to start. The idea is to buy 'decent' stocks to take advantage of oversold market breath indicators when such stocks should be trading at a 'discount'. I'm not looking for the next high flyer as momentum plays tend to emerge 1-2 months after a bottom is in place and markets still appear to be feeling for that bottom. This is a scan more suited to the retirement account where capital loss tax write-offs aren't an opti

The Transport sector (and therefore the outlook for the economy as a whole) didn't have it easy over the past few days. UPS disappointment was enough to break the low volatility slumber markets had enjoyed for the best part of a week. However, the Dow Jones Transportation Average continues to hold firm at its 200-day MA with the 50-day MA on course to trigger a "Golden Cross" - a significant long term bullish signal. How this gets reflected in the Dow is more difficult to predict. The UPS related sell off brought the index back inside its triangle consolidation. There is still plenty of room for a move back to consolidation support which should be viewed as bullish - no doubt bears will see this as a confirmation of their position, but they will be wrong unless March lows break. So bulls could endure another 450 point loss in the Dow and still maintain the upper hand, especially if Transports can keep above rising trendline support connecting Jan-March lows (c4600, or