I will be posting light until January 4th. Hopefully the market won't go too crazy in the meantime. Fingers crossed for those looking to travel home for the holidays - it's a bit of a mess out there...

There was very little to add to comments of the past few days. The S&P edged higher in what I have drawn as a new, wider upward channel. The angle of this channel suggests the rally will easily last into the start of 2011. ($SPX) via StockCharts.com The Russell 2000 scored a minor victory by reversing an early 'sell' trigger in the CCI. Although the index struggled to hold early day gains, it trades well inside its rising channel. ($RUT) via StockCharts.com Of these new rising channels the Nasdaq 100 is riding closest to support - watch for leads. ($NDX) via StockCharts.com As for Tuesday, it looks like it will be more of the same - small gains but likely little opportunity for anything more than scalped returns. Follow Me on Twitter Build a Trading Strategy Business in Zignals Subscribe to one of 58 trading strategies covering US, UK, Canada, Forex, ETFs, Frankfurt, Australia or Irish Markets Dr. Declan Fallon, Senior Market Technician for Zignals.co

With the holiday season fast approaching there was no shortage of late volume activity on Friday. Fifty-one breakouts made the screen, best of these were EK, MKSI, OZRK, QSII and VVTV. Perhaps some opportunity for Q1 if bulls can continue the current momentum in broader markets. Follow Me on Twitter Build a Trading Strategy Business in Zignals Subscribe to one of 58 trading strategies covering US, UK, Canada, Forex, ETFs, Frankfurt, Australia or Irish Markets Dr. Declan Fallon, Senior Market Technician for Zignals.com , offers a range of stock trading strategies for global markets, also available through the latest rich internet application for finance, the Zignals MarketPortal or the Zignals Trading Strategy MarketPlace . Zignals offers a full suite of financial services including price and fundamental stock alerts , stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock quote watchlists, multi-currency portfolio ma

Another week of gains kept the rally ticking over and upwards. The Nasdaq is on course to test 2,818 resistance with volume rising to mark an accumulation week - the second over the past three weeks. Nasdaq via StockCharts.com The Nasdaq 100 managed to go one step better and finished the week at new multi-year highs. This index has done all the leg work for the past few months and is a good leading indicator as to what other indices may do in the weeks ahead. ($NDX) via StockCharts.com However, the Percentage of Nasdaq Stocks above the 50-day MA is still playing to a bull trap (and therefore is bearish for the Nasdaq) ($NAA50R) via StockCharts.com While the Nasdaq Summation Index is playing to a broadening wedge with another resistance test in the making; Nasdaq breadth favours a reversal. ($NASI) via StockCharts.com The Russell 2000 managed to clear 760 resistance last week and is holding the breakout. ($RUT) via StockCharts.com Even the S&P looks to have manag

For today's five stocks in five minutes we have COGO (suggested stop at $7.72), MLHR, NDAQ (suggested stop at $21.89), NNBR (suggested stop at $9.09) and CFFN. You can see more suggestions for stock picks here . Happy Trading! Follow Me on Twitter Build a Trading Strategy Business in Zignals Subscribe to one of 58 trading strategies covering US, UK, Canada, Forex, ETFs, Frankfurt, Australia or Irish Markets Dr. Declan Fallon, Senior Market Technician for Zignals.com , offers a range of stock trading strategies for global markets, also available through the latest rich internet application for finance, the Zignals MarketPortal or the Zignals Trading Strategy MarketPlace . Zignals offers a full suite of financial services including price and fundamental stock alerts , stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock quote watchlists, multi-currency portfolio manager , active stock screener with fundamental tra

The one days worth of selling generated by bears was today negated by the buying action of bulls. Volume was comparable to that of yesterday, fitting a case of tit-for-tat between the two sides. The gains have put new yearly highs on the radar and with supporting technicals net bullish for all leading indices, there is little to suggest they won't make it there. The S&P was able to close above yesterday's open and is just under 4 points away from a new high. ($SPX) via StockCharts.com The Nasdaq rallied before it got anywhere close to testing either 2,579 support or its 20-day MA. Ordinarily, this would be bullish - but the lack of volume is a concern, especially when volume is compared to that from September through November. ($COMPQ) via StockCharts.com Nasdaq breadth was a little mixed. The Percentage of Nasdaq Stocks Above the 50-day MA saw increased bearish technical weakness but the indicator found support at the November double bottom neckline. ($NAA50R)

Getting to grips with the Screenr feature on Chart.ly (using it more for Zignals videos too). I run out of time in this video so in future I will aim for a "five-in-five" approach - five stocks in five minutes Follow Me on Twitter Build a Trading Strategy Business in Zignals Subscribe to one of 58 trading strategies covering US, UK, Canada, Forex, ETFs, Frankfurt, Australia or Irish Markets Dr. Declan Fallon, Senior Market Technician for Zignals.com , offers a range of stock trading strategies for global markets, also available through the latest rich internet application for finance, the Zignals MarketPortal or the Zignals Trading Strategy MarketPlace . Zignals offers a full suite of financial services including price and fundamental stock alerts , stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock quote watchlists, multi-currency portfolio manager , active stock screener with fundamental trading stra