Here we are folks. The NDX finally reached our target of 2785 yesterday virtually on the number. Now what? Most of you know we've been calling this market spot on for many months now with a very bullish bias while providing excellent entries that have proved very profitable for trading the index options. However, for the first time in as many months, we're now taking a wait and see approach. There's a good possibility the major indexes have finally extended themselves to the point where the easy money has been made. Our initial target of 2785 for the NDX was a logical long term profit objective that we set for the NDX a few months back and sure enough we're there now. Why is this so important? While many Wall Street Pros have been on the other side of the fence screaming sell for months, we've been about as right about the broader markets as anyone could possibly be. We've never hinted toward a sell side bias until now. For the record, we're not suggesting this market is definitely headed lower now but we are suggesting that based on our technical analysis, it may be time for the markets to take a much needed break. I've included the same weekly chart here that we showed you a while back suggesting when this market rally may finally run into some resistance. With the weakness the indexes showed us into the close yesterday and into the open this morning, it does appear the bullish trend could be in jeopardy. The key will be volatility. The more volatile this market becomes over the next few days, the more likely it is that we've seen the top... at least for a while. The speed and strength of the move is going to tell us a lot. We're switching our stance now for the short-term and suggesting that you lay off trying to get long the index options on weakness, which has been so successful for our Members over the last four months or so. Let's wait to see what the charts start telling us because it's very possibly the landscape is changing rapidly... already as I type. If we do move into a bearish trend, we'll have ideas to help you make money but the most important thing to understand is a bearish environment puts a bigger emphasis on being good stock pickers... and that's something we've been pretty good at for a long time. Stevia First Sprouts Wings One of our newest Featured Stocks, Stevia First (STVF), absolutely went parabolic yesterday providing SCN Members who chose to jump into the stock on day one with a whopping 200% gain in just two short weeks! Congrats! You've just experienced a homerun... and that's not easy to do in two weeks. The Company has recently announced some key additions to their Board and Management Team to help their efforts to establish the first vertically-integrated stevia enterprise in the U.S. and become a premier global supplier of stevia leaf for eventual use in branded stevia products. The model would allow the Company to exercise total control of stevia breeding, cultivation, and harvest, including the development of optimal stevia varieties and novel mechanized harvesting methods right here in the U.S. Unlike the small farm production models used by current industry leaders, the Company plans to grow, process and sell stevia using an agri-bio business model, drawing on the rich talent pool of farmers, agrologists, agricultural innovators and equipment suppliers in California's Central Valley, biotech expertise from neighboring universities, and access to U.S. Government funding. It appears the Company's model is resonating with investors. I've included a daily chart here for your review. Shares of STVF continues to have legs (or wings I should say) as it makes new highs by the day. I'd hate to be a short-seller on this one right now. The most important thing SCN Members should remember when catching lightning in a bottle is to be prudent, use trailing stops and never let a huge gain turn into a loss. Bulls make money, bears make money but pigs get slaughtered. PSID Spots Flu Like We Spot Opportunity - Timely and Informatively Although one of our Featured Stocks, PositiveID (PSID), has been less than stellar from a trading perspective, the Company continues to keep shareholders well informed with very positive updates and announcements in recent weeks. This morning, PSID announced that it has received material from the U.S. Centers for Disease Control and Prevention's (CDC) Influenza Division-National Center for Immunization and Respiratory Diseases to develop a diagnostic assay to detect Influenza A H5N1, also known as avian flu. This assay will provide a test result in less than 30 minutes at the point of care, and is expected to be available for the upcoming flu season for diagnostic and surveillance applications. This is very interesting since The United Nations has urged people to be ready against a possible but major resurgence of the avian flu. According to the CDC, of the few avian influenza viruses that have crossed the species barrier to infect humans, the mutant strain of bird flu has caused the largest number of detected cases of severe disease and death in humans. Human cases of avian influenza A (H5N1) have been reported in Asia, Africa, Europe, Indonesia, Vietnam, the Pacific, and the near East. Slightly more than 60 percent of those who became ill have died. PositiveID's assay for avian flu, as well as its other currently available assays, will run on the Company's patented Dragonfly Rapid MDx platform. Dragonfly was created out of the Company's M-BAND system, which was developed under contract from the Department of Homeland Security. The H5N1 assay will also be compatible with other commercial platforms. The Company currently has proven assays for E.coli O157:H7; human papilloma virus (HPV); methicillin-resistant Staphylococcus aureus (MRSA); and a multiplex bio-threat assay that simultaneously tests for six bio-threat organisms on the CDC Category A and B list. The development of an H5N1 assay is the Company's most recent push into the clinical diagnostics market, where it will offer faster, less expensive testing methods than those that are commonly used. William J. Caragol, Chairman and CEO of PositiveID, stated, "Our assay for H5N1, as well as our other clinical diagnostic assays, will be faster and less expensive than the industry standard testing protocol. Furthermore, our microfluidic technology is highly adaptable, which enables us to develop new assays for emerging bio-threats and viruses relatively quickly, which we believe will help us as we enter the clinical diagnostic market." As you can see, PSID is on the verge of some extremely unique and compelling technology that could be life-saving in the areas of detecting bioterrorism airborne threats, as well as clinical diagnostics and surveillance. Once the Company gets their technology in the hands of the right partners, or even if they decide to take their products to market themselves, this small penny stock will likely start garnering a LOT of attention. All the makings are there for a real winner with PSID. Sometimes a good investment is like a good bottle of wine, it just takes time. Premier Alliance Reveals Strategies Did you see yesterday's press release from SCN Featured Stock, Premier Alliance Group, Inc. (PIMO)? Premier Alliance Group's most recent acquisition, GreenHouse Holdings' mission is to help other organization conserve electricity by using it more efficiently, and relying less on utility-provided power by (where feasible) helping that outfit generate some of its own electricity. What was so interesting about yesterday's news from PIMO wasn't that its GreenHouse Holdings won a new contract. It was who contracted GreenHouse Holdings. Per the news release, a "global provider of energy management products and services" has selected GreenHouse/Premier to upgrade and retrofit its facility with more efficient HVAC and lighting systems. Now just because an organization sells energy management hardware and offers energy management services doesn't automatically make it capable of performing a retrofit for its own facility. However, when an organization with at least more than the average amount of energy-management know-how still chooses to outsource this kind of work to Premier Alliance Group's GreenHouse arm, the customer is clearly communicating to the public that it knows its options well, and chose PIMO above the rest. While the size of the contract itself wasn't disclosed, the customer's benefit was shared in detail. All told, the customer will become eligible for $176K worth of energy-savings incentives from southern California's key utility company, Southern California Edison. The utility company pays such incentives to encourage its customers to reduce energy consumption, as the SCE doesn't have the capacity to always meet demand at peak power consumption times. While the size of the facility wasn't given, we do know that the facility's retrofits and upgrades will reduce the maximum electricity need by 580 kw, or enough to power about 270 average-sized houses. So, it's got to be a pretty big facility to achieve that kind of power conservation. The sheer size and visibility of the contract is another accolade (and potential business builder) for Premier Alliance Group. Bottom line: It's already been said before, but it bears repeating now - PIMO is a real company generating real sales and creating real growth right now. It may be a small cap, but it sure acts like it's got the foundation and stability of a large cap. The fact that a sizable energy management business just asked Premier to perform an energy management overhaul simply underscores the company's credibility. I'm a big believer that the energy efficiency and retrofit space along with an increased focus on renewables and sustainable energy is going to continue to grow in focus in the coming years ahead. We've got both PIMO and BBLU listed as Featured Stocks on our site for that reason. We believe both of these companies are well positioned to take advantage of that industry's growth. I think the energy concerns of today are far more real and legitimate than in previous decades. We're starting to see trends catch up to the technology. We're starting to see Government get involved with funding and credits. Could this possibly be the next big bubble in the market? Time will tell but for now, let's continue to hunt down the right ideas in this space. I've got a strong feeling there's going to be some huge winners.