Indexes
NASDAQ closes second day under the 50 dma, while NYA stays above 50 dma.

Highlights
KNOL- up 3%
PRPX - up 8% on heavy volume.
RTSX - up 4%, after bouncing off the 200 dma on Friday. This one should be watched, as a close below the 200dma would be a major negative.

LOWLIGHTS
ACAD- down 4% with a close below the 50dma
STAK - down 3% closing below the 50dma.

NOTES
Don't like the fact that the NASDAQ was not able to rally above the 50dma today. This index led on the way up and is now leading the way down. Good time to be defensive

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+15%), CBG(+62%), CONN(+126%), KNOL (-4%), LAZ(+18%), MPWRE(+29%) , NURO(+140%), NSTC (+4%), PRPX(+80%), RTSX(+56%),SEAB(0%), STAK(+31%), WSSI(+26%)

Future value already priced into stocks - (Article is near bottom of page) "I assume that many of us watch business television from time to time.
The daily schedule usually features a variety of money managers, fundamental analysts, technical analysts, economists and accounting experts — each with their own methodology and delivery style.
I find there can be value in this type of programming as long as you adopt two simple viewing rules: "

Harry Domash: Online investing - "Because substituting titanium for steel reduces weight, thus making airplanes more fuel efficient, titanium usage is on the rise.
That astute observation came from Jim Cramer, the host of CNBC's Mad Money stock market advice TV show, which airs at 6 pm and 9 p.m. every market day.
Many of you who have watched Cramer's show undoubtedly winced when I used the phrase "astute observation" in the same sentence with Cramer. That's understandable. Watching Mad Money is like a visit to the loony bin. Cramer screams, shouts, grunts and generally acts like someone who has consumed way too much caffeine. "

Local stock experts expect market to struggle in 2006 - "THE FEDERAL Reserve may be nearing the end of its interest rate-tightening cycle, but some local stock experts are unconvinced that will translate into a rebound in the market this year."

Foreign markets expected to be as upbeat as in '05 - "The Nikkei's plunge this past week made headlines around the world, but what's really worth noting is how well Japanese stocks have done since 2000.While U.S. stocks spent much of 2005 supine, Japan and other foreign markets, especially the Euro-zone countries, booked superb performances. Their outlook for this year is just as upbeat."

How Cell Phones Roil Japan's Stocks - "Trading via high-speed handsets is wildly popular among individuals, but it has a downside: It helped propel the Jan. 18 sell-off"

Yesterday's Winning Formulas Are Starting to Show Their Age - "WARREN E. BUFFETT is a one-decision investor who tries to find undervalued stocks and then keep them for a lifetime. Adhering firmly to that long-term view may be possible for him, but most professional asset managers, sooner or later, worry about the timing of their investments."

Picking a Top in Gold - "When gold fell 10% in five sessions in Dec, top pickers were sure that was it, gold was going down to $420. On Wed this week, gold fell $10 and some of these top pickers were back, may be $500 this time they said. Folks, in trading and investing, there is no need to guess what the markets will do, as a technician myself, I must admit that technical analysis is nothing more than an educated guess, it has its limitations."


Technical Analysis Can Help You Beat Stock Market - This article is dedicated to traders and investors interested in creating results and making money in the stock market. You might think that all traders and investors would be interested in making money in the market. However, many are using the wrong information to make their choices and thus are not creating the results they desire.


Enhanced Strategies for TrendingFollowing System Trading - "Proper trade management for system based trading is vitally important. Today's commodity markets are moving with higher levels of price volatility and risk than in the past. Within a market's overall trend there exist many short-term correction moves or spikes in volatility that warrant close attention. The implementation of a proper enhanced entry/exit strategy can greatly improve a system's overall performance."


Forex Trading System: Mechanical vs. Discretionary Systems - "There are basically two types of Forex trading systems, mechanical and discretionary systems. The trading signals that come out of mechanical systems are mainly based off technical analysis applied in a systematic way. On the other hand, discretionary systems use experience, intuition or judgment on entries and exits. But which one produces better results? Or more importantly, which one fits better your trading style? These are the answers we will try to answer on this article. "

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+21%), CBG(+59%), CONN(+125%), KNOL (-6%), LAZ(+17%), MPWRE(+29%) , NURO(+136%), NSTC (+5%), PRPX(+67%), RTSX(+50%),SEAB(+1%), STAK(+35%), WSSI(+23%)

Sold TRW (+6%) today.

Closed below 200 Day moving average yesterday, and took out that low today.