Friday, August 22, 2008

Market Summary for August 20, 2008

Markets Snapshot:
NASDAQ BP: 41.11 and is in a column of Xs on a BUY signal
NYSE BP: 41.96 and is in a column of Xs on a SELL signal

Created Boxes: X - 134 O - 277
New Signals: Buy - 55 Sell - 34
New Reversals: Up - 137 Down - 187
Broke Double: Tops - 41 Bottoms - 52
New: Highs - 6 Lows - 40

Sector Performance
S&P Equal Weight: 0.28%

Bottom Sectors:
Gaming: -2.17%
Drugs: -0.59%
Healthcare: -0.56%

Top Sectors:
Oil: 3.64%
Metals Non Ferrous: 3.04%
Oil Service: 2.58%

New Signals
No new Exchange signals

Sector Signals:
Sector Buy Signal: Oil



Stock Signals:

Buy Signals:
Bear Trap Buy Signal: CWBC - Community West Bancshares


Broke Triple Top: GDP - Goodrich Petroleum Corporation



Sell Signals:
Bearish Catapult Signal: RCMT - RCM Technologies


Bearish Catapult Signal: VRTX - Vertex Pharmaceuticals Incorporated


Broke Triple Bottom: CTRN - Citi Trends, Inc.


Bull Trap Sell Signal: HXL - Hexcel Corporation



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