Friday, May 16, 2008

Market Summary for May 12, 2008

Markets Snapshot:
NASDAQ BP: 41.13 and is in a column of Xs on a BUY signal
NYSE BP: 50.89 and is in a column of Xs on a BUY signal

Created Boxes: X - 227 O - 100
New Signals: Buy - 25 Sell - 8
New Reversals: Up - 158 Down - 85
Broke Double: Tops - 37 Bottoms - 12
New: Highs - 41 Lows - 26

Sector Performance
S&P Equal Weight: 1.45%

Bottom Sectors:
Oil Service: -0.29%
Precious Metals: -0.24%
Steel and Iron: 0.13%

Top Sectors:
Internet: 2.60%
Retailing: 2.60%
Forest Prods and Paper: 2.49%

New Signals
No new Exchange signals

No new Sector signals

Stock Signals:

Buy Signals:
Bear Trap Buy Signal: KCP - Kenneth Cole Productions A


Bear Trap Buy Signal: MEAS - Measurement Specialties, Inc.


Broke Triple Top: JOYG - Joy Global Inc.


Bullish Catapult Signal: BLT - Blount Interantional, Inc.


Breaking 90: ECA - Encana Corporation



Sell Signals:
Bearish Catapult Signal: KMB - Kimberly-Clark Corporation



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