What next? Now you don't even have to play your own video games...

I recently read a short article that amazed me.

Seems there's a new video game out (patented by Nintendo) that allows players to turn over control to "virtual players" modeled after themselves. These "virtual players" supposedly analyze the performance of their human counterparts and seek to mimic their skill levels. The game will also let players skip to particular scenes.

What's Nintendo's purpose behind all this? Well, the company hopes the changes will make its products appeal more to "casual" gamers.

Now, at least a couple of ideas immediately occurred to me when I read that article.

First, have we come to the point where we are too lazy to play our own video games? And how fun can that be, just watching an automatron gizmo play at "your current skill level." If it were me playing these "virtual games", I would at least want the gadget to analyze my play, and suggest how I might have played better along the way. Jeez.

Also, why would someone want to be a "causal gamer" anyway? I'm either "in the game" or not playing at all.

But again, that's just me I guess.

And in this grand game of the stock market, it's not wise to be a "casual player." If you're in the game to make serious investment returns and trading profits, you've got to stay on top of things as much as possible.

I've "been there, done that" on the other side... where I've gotten complacent about watching the market, with solid returns just coming "too easy", so why bother keeping a daily watch on what's going on, etc.

And that's when I've been burned the most by the market. The stock market acts like a "jealous mistress" at times... one that does NOT like to be ignored! If I take my eye off her, almost invariably, that's when my best stocks take a nosedive, and I lose out on some truly great returns.

(Now, I'm a happily married man, so take the "jealous mistress" metaphor with a grain of salt. But I hope you get my point).

So I've been trying to stay on top of this market, and give the best, short but sweet analysis of what I'm seeing each day.

And right now, I'm still seeing more of the same type of action I've been reporting for awhile. The Dow once again tested that "magic" area of 8,000, and once again bounced off of it. Friday's chart shows a Doji / Hammer signal, usually indicative of bottoming action.

The Nasdaq again tested its support level around 1,450. This chart is a tad more bullish than the Dow's, with a Bullish Engulfing candle of the previous day's Doji.

There is a certain subsector within the biotech industry showing some extremely strong action lately. Stocks in this sector have moved up 30-50% in just the last few days. And one of these stocks had some HUGE NEWS on Friday, related to a key FDA approval. I'm about to name the stock for my Members.