Market Summary for 1/25/2008

Markets:

The markets continued their move higher and have moved significantly off of the lows from earlier in the week. The NASDAQ is within 1% of reversing up into Xs.

The Markets are on sell signals, but the NYSE has reversed up into Xs.

NASDAQ BP: 19%
NYSE BP: 22%

Stock Movement Summary:

Created X: 699 O: 118
New Signals: Buy - 68, Sell - 14
New Reversals: Up - 287, Down - 198
Broke Double Tops/Bottoms: Tops - 10, Bottoms - 7

A pretty mixed day as stocks were up early and then went south 280 points from the high.

Sector Performance Yesterday
S&P Equal Weight: -1.20%

Best Sectors:
Metals Non Ferrous: +2.35%
Steel/Iron: +1.13%
Precious Metals: +1.00%

Worst Sectors:
Wall Street: -2.33%
Textiles / Apparel: -2.21%
Household Goods: -1.98%

Sector Signals:
No new signals

New Stock Signals
Bullish Catapult: NC