After a week of mainly sitting on the sidelines, we ran the weekly scanner to see if any new trends have developed.  It is quite sad, that of the 4900+ Canadian and US equity instruments that feed our system, only two: QID and SDS pulled out a positive score.  Being that these instruments are Ultrashort large indexes, the news is pretty grave for anyone that thinks the market is heading higher based on the money the US Fed has been printing and shoving into the economic fire.  Looking at long term trends, however, we will share the top negative:

The political chaos at the moment means we have a hard rule to not touch Financials, Insurance or any sort of Banking stocks for the time being.  That rule wipes out half the list, leaving behind Agricultural Chemicals (Mosaic), Broadcasting (Sirius), Communication (Rimm), Materials (Freeport-McMoRan) and Utilities (Dynegy).  The plan is to watch the market open on Monday, and set some aggressive price targets for entries to the downside.  If they get filled, we will rest with the comfort that stocks appear to be strongly trending in our direction.  If they don't get filled, we'll probably be safer out of the quackery.

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