Market Summary for 2/5/2008

Markets Snapshot:
NASDAQ BP:26.08 and is in a column of Xs on a SELL signal
NYSE BP:32.98 and is in a column of Xs on a SELL signal

Created Boxes: X - 92 O - 217
New Signals: Buy - 9 Sell - 50
New Reversals: Up - 84 Down - 537
Broke Double: Tops - 9 Bottoms - 0

Just a big down day yesterday. 10% of the stocks in my system reversed down. All sectors were down except for a small gain in gaming. I introduced the bear trap and bull trap signals to my system yesterday and they generated a bunch of signals today.

The signals that I track are: broke triple tops, broke triple bottoms, bullish catapults, bearish catapults, breaking 90, bear traps, bull traps, sector buy, sector sell, exchange buy, and exchange sell signals. With all of these signals being tracked there is usually a few ideas each day and I provide the signal along with the chart from my system.

Sector Performance Yesterday
S&P Equal Weight: -3.22%

Bottom Sectors:
Precious Metals: -5.14%
Wall Street: -5.09%
Semiconductors: -5.06%

Top Sectors:
Gaming: 0.42%
Savings and Loans: -1.58%
Healthcare: -1.68%

New Signals
Sector Signals:
None

Stock Signals:
Buy Signals:
Bear Trap Buy Signal: EUM


Sell Signals:
Bearish Catapult Signal: TRBN


Bull Trap Sell Signal: BARI


Bull Trap Sell Signal: EFUT


Bull Trap Sell Signal: FDO


Bull Trap Sell Signal: GME


Bull Trap Sell Signal: PFG


Bull Trap Sell Signal: PLFE


Bull Trap Sell Signal: RYL


Bull Trap Sell Signal: SINA


Bull Trap Sell Signal: WW