Well, that sure is not how you like to close them. Especially with volume picking up there while we sold off right after hitting the 200 day moving average on the Nasdaq. The good news is that the market still gapped high enough in the morning that all major market indexes were able to close with gains. But there was a negative blip in regards to leading stocks as the IBD 100 fell 1.2%.

I don’t know what I can say about this market that has not already been said. I find it very difficult to BS about the market when there is nothing to BS about. But I will give it a shot.

So far things are looking good and unless we close at the LOD and wipe out all of the gains I will be very happy. My charts continue to look well as some of my largest positions (9 of them) are up HUGE today making today a great day after two days in the country/jungle. what a great way to start the week. The only thing I will be watching closely is the close and volume.

Before March 2000, in the bull market, whisper numbers were all the rage. In fact, these estimates became so popular for the outlandish pre-”tech bubble” gainers that Wall Street often notched real estimates lower than actual expectations just to be able to “beat the consensus.” Today, earnings whispers are still used, but not as confidently as before.

Recently, public opinion has begun to turn on Dr. Greenspan for his perceived role in the current economic crisis. Dr. Greenspan has embarked on a media tour, defending his policies and his ideology. This article has scrutinized the facts and came to a conclusion on the current economic crisis.

Straight from the gate market participants took the opportunity to knock down stocks a level. For the bulls, this action was quite disappointing as you would have liked to see stocks build on Wednesday’s gains on stronger volume. The good news, stocks sold off on MUCH LIGHTER trade. It appears the institutional buyers are continuing to stay on the sidelines.

This means that if these bases all complete their right side, we are going to have a powerful market rally with or without volume. I am stunned by how many nice charts there are now AFTER JUST ONE bullish week where leading stocks outperformed the rest.

Stocks found new life as HOPE crept back into the market. A dangerous emotion for traders and investors a like. Hope never ends up making you money, only losing it. Stocks finished nearly flat on the day while the NASDAQ finished lower on lighter trade. NYSE volume did pick up however, it came on a flat day where stocks saw intraday reversals from their highs.

I will try to get back here and right an intelligenct report on today’s stock market action. But it can basically can be summed up as “we are biding our time.” We are still simply waiting to see which direction volume is going to come in. If it is for the bulls, we are going to have a great time as we have a lot of very pretty charts now setting up.

It is hard to continuously say the same thing over and over but it is true. There is nothing to do in this market other than to keep your trades small and your cash high. Especially, if you are a perma-bull as we are now finishing the month down for the fifth time in-a-row. This is much different from anything we saw from 2003 to November 2007.

The robot is still free and continues to trade like a champ - anyone who is a short term trader can use it for free to find some great ideas. I have launched a new trader forum on the site as of yesterday, and is useable to anyone who registers on the site. The main focus will be technical analysis and short term trading ideas.

http://www.mytradingrobot.com

Health care, healthcare or health-care, any way you slice it... the bulls are registering PROFIT in the sector for 2008. In fact, over the last month they have been one of the only consistent gainers in the entire market!

You've heard pitches on Apple (NYSE: AAPL) and Corning (NYSE: GLW), now lets continue on with the information technology sector. There are many places to invest around the sector. I am finding increasingly that the big boys like IBM, Microsoft & Google are providing more risk than reward. As investors, we want as high upside potential as possible when matched with low downside risk.

Despite recent turmoil in the IT sector for 2008, I contend that this is now where you want to be. Reasoning here follows that the financial sector is struggling to keep its bad news buried, the housing market is shambles and even retailers are struggling to sustain growth.

GLD.OB released some strong earnings yesterday posting some very strong year over year growth. This chart breaking out with very heavy volume in conjunction with this positive earnings and there gold production expanding from 50k to 70k ounces /year expected by....................