Monday, May 19, 2008

Market Summary for May 14, 2008

Markets Snapshot:
NASDAQ BP: 41.90 and is in a column of Xs on a BUY signal
NYSE BP: 52.20 and is in a column of Xs on a BUY signal

Created Boxes: X - 450 O - 92
New Signals: Buy - 39 Sell - 9
New Reversals: Up - 164 Down - 49
Broke Double: Tops - 83 Bottoms - 18
New: Highs - 78 Lows - 36

Sector Performance
S&P Equal Weight: 0.60%

Bottom Sectors:
Oil Service: -1.09%
Internet: -0.84%
Machinery and Tools: -0.74%

Top Sectors:
Gaming: 1.33%
Textiles and Apparel: 1.08%
Semiconductors: 0.98%

New Signals
No new Exchange signals

Sector Signals:
Sector Buy Signal: Gaming



Stock Signals:

Buy Signals:
Bear Trap Buy Signal: NKE - Nike, Inc.


Bear Trap Buy Signal: SNPS - Synopsys Inc


Bear Trap Buy Signal: TFCO - Tufco Technologies, Inc.


Bear Trap Buy Signal: DHIL - Diamond Hill Investment Group


Broke Triple Top: LEAP - Leap Wireless International, Inc.


Broke Triple Top: USD - ProShares - Ultra Semiconductors


Bullish Catapult Signal: EDU - New Oriental Education & Technology Grou


Bullish Catapult Signal: SAA - ProShares - Ultra SmallCap600


Bullish Catapult Signal: STR - Questar Corporation


Bullish Catapult Signal: UWM - ProShares - Ultra Russell2000


Bullish Catapult Signal: TIF - Tiffany & Co.


Breaking 90: BHP - BHP Billiton LTD.



Sell Signals:
Bull Trap Sell Signal: JOYG - Joy Global Inc.


Bull Trap Sell Signal: MTL - Mechel Steel Group Oao



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