Major indices closed down the week here the details:
Nasdaq -3%
Dow Jones -0,5%
S&P 500 -1,2%

Here The Weekly Movers:

GAINERS
Avocent Corporation(AVCT)
Family Dollar Stores, Inc.(FDO)
Sequenom, Inc.(SQNM)
VIVUS, Inc.(VVUS)
NDS Group plc (ADR)(NNDS)
Somanetics Corporation(SMTS)
LOSERS
Avis Budget Group Inc.(CAR)
China Architectural Engineering, Inc.(CAEI)
Mexco Energy Corporation(MXC)
MarineMax, Inc(HZO)
Hertz Global Holdings, Inc.(HTZ)
TranS1 Inc.(TSON)

UP
Zoran Corporation(ZRAN)
Chindex International Inc(CHDX)
GlaxoSmithKline plc(GSK)
The Pep Boys-Manny, Moe & Jack(PBY)
Abbott Laboratories(ABT)
DOWN
El Paso Corp(EP)
Nvidia Corp(NVDA)
Himax Technologies Inc(HIMX)
Acme Packet Inc(APKT)
Steel Dynamics Inc(STLD)

The stock market dropped like a rock in another ugly session. The labor report(scheduled at 8:30 AM) and the rate decision in Europe later today, could set up another volatile session. This is good news for fast fingers, but pretty dangerous for most participants.
Here an interesting chart:
Edwards Lifesciences Corp.(EW)

gapped up to a new all-time high six sessions ago. The stock is moving in a tight bull flag since then and could resume its uptrend soon.
Chart Courtesy Of TeleChart

A volatile but poor session ended light in green yesterday. Good news from the ISM helped a bit the mood, but the impression is that thing will remain unchanged this week. This week will be a great chance to take a break from the market. I will try to stay away from my desk at least tomorrow.
No Picks today.
Chart Courtesy Of TeleChart

The stock market triggered another nasty selloff last Friday and closed deep in red. Major indices are just falling apart, with no signs of reaction. The short-term oversold conditions are still not the ideal way to play a bounce as there are no evidence of a bottom here.
Here an interesting chart:
Oil States International, Inc.(OIS)

printed new all-time highs four weeks ago. The stock is moving sideways in a cup & handle pattern since then and could break out soon.
Chart Courtesy Of TeleChart

Here a quick review of the last week´s picks. Have a great Sunday!










Chart Courtesy Of TeleChart

The crowd´s disappointment showed its face yesterday, sinking the market like a rock. Major indices collapsed in a channeled selloff. In the same time, the Oil hit a new all-time intraday high at $140 and the $150 seems to be the next logical step. Capital protection is the priority right now, but experienced traders can find nice opportunities in this environment and make money on both sides of the market.
Here an interesting chart:
Momenta Pharmaceuticals, Inc.(MNTA)

has been in a steady downtrend since 2005. The stock bottomed last November and bounced. MNTA is moving sideways in a broad symmetrical triangle since eight weeks now. Play it ,as usual, like a pure bilateral pattern. Buy the breakout or sell short the breakdown.
Chart Courtesy Of TeleChart

The chart below shows the major sectors performances in the last ten trading days compared to the S&P500.

Chart courtesy of Stockchart.com