Monday, May 5, 2008

Market Summary for May 02, 2008

Markets Snapshot:
NASDAQ BP: 40.60 and is in a column of Xs on a BUY signal
NYSE BP: 48.51 and is in a column of Xs on a BUY signal

Created Boxes: X - 525 O - 107
New Signals: Buy - 78 Sell - 17
New Reversals: Up - 252 Down - 74
Broke Double: Tops - 100 Bottoms - 19
New: Highs - 45 Lows - 26

Sector Performance
S&P Equal Weight: 0.25%

Bottom Sectors:
Savings and Loans: -1.33%
Internet: -0.86%
Software: -0.84%

Top Sectors:
Metals Non Ferrous: 2.72%
Oil: 1.65%
Oil Service: 1.48%

New Signals
No new Exchange signals

Sector Signals:
Sector Buy Signal: Media



Stock Signals:

Buy Signals:
Bear Trap Buy Signal: ACU - Acme United Corporation


Bear Trap Buy Signal: CAB - Cabela's Incorporated


Bear Trap Buy Signal: CNQ - Canadian Natural Resources LTD.


Bear Trap Buy Signal: GHL - Greenhill & Co.


Broke Triple Top: FORR - Forrester Research, Inc.


Broke Triple Top: ICE - Intercontinentalexchange Inc.


Broke Triple Top: WINN - Winn-Dixie Stores, Inc.


Bullish Catapult Signal: BZH - Beazer Homes Usa, Inc.


Bullish Catapult Signal: CP - Canadian Pacific Railway Limited


Bullish Catapult Signal: PLCE - the Children's Place Retail Stores, Inc.


Bullish Catapult Signal: PFCB - P.F. Chang's China Bistro, Inc.



Sell Signals:
Broke Triple Bottom: CBON - Community Bancorp


Broke Triple Bottom: RURL - Rural/Metro Corporation


Broke Triple Bottom: SJH - ProShares - UltraShort Russell2000 Value


Bull Trap Sell Signal: LINE - Linn Energy LLC


Bull Trap Sell Signal: AMMD - American Medical Systems Holding, Inc.



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