You've probably noticed the lack of posting of scan results from me for the last week or so...there's obviously not much point given the conditions throw at us. For me it's been way more important just to focus on intraday anomolies, and take advantage of some of the volatility creeping in.

It's just so important in my opinion to have a trading system that can evolve and evolve quickly as market conditions change...what might have worked fine last month could be a recipe for disaster this month.

For now I'm happy to keep scalping...with each down day I find it harder to take new short entries, but still not willing to committ too hard to overnight longs. As mentioned on Twitter, but mostly in our Live Chat yesterday, my focus was very much on the junior goldies. They started bouncing pretty early in the day as the gold price ran. They will be my early focus again today.

Next week...it may well be a different story...

A pretty disappointing session in the US overnight, closing up but unable to really hold any gains. News released after close of massive "synthetic credit" losses by JP Morgan may have been the cause, and will most probably cause weakness ahead. How the markets react to bad news may give us some hints of future direction.

http://www.bloomberg.com/news/2012-05-10/jpmorgan-chase-says-cio-unit-suffered-significant-loss.html

OK to a Price and Vol few scan results:

AAX ACR APA AQG AZH CDD CMJ HDF IAG IVC NWS NXS RMS SAI SDM

GLA GMI LEP NFE

AVH BSE BSR CBD CHZ KAS NHF NWT QBL WAS ARV CLV GGX GNM

I've had a pretty handy week here, so will be happy to trade relatively conservatively today... unless some real gems present themselves of course!

A