Friday, August 29, 2008

Market Summary for August 26, 2008

Markets Snapshot:
NASDAQ BP: 40.66 and is in a column of Xs on a BUY signal
NYSE BP: 42.59 and is in a column of Xs on a SELL signal

Created Boxes: X - 87 O - 254
New Signals: Buy - 12 Sell - 21
New Reversals: Up - 70 Down - 131
Broke Double: Tops - 18 Bottoms - 36
New: Highs - 4 Lows - 48

Sector Performance
S&P Equal Weight: 0.25%

Bottom Sectors:
Restaurants: -2.11%
Internet: -1.39%
Foods Beverages and Soap: -0.76%

Top Sectors:
Oil: 1.82%
Oil Service: 1.69%
Savings and Loans: 1.19%

New Signals
No new Exchange signals

No new Sector signals

Stock Signals:

Buy Signals:
Bear Trap Buy Signal: EQIX - Equinix, Inc.


Bullish Catapult Signal: CRK - Comstock Resources



Sell Signals:
Bearish Catapult Signal: OSK - Oshkosh Truck Corporation


Broke Triple Bottom: AXL - American Axle & Manufacturing Holdings


Bull Trap Sell Signal: MA - Mastercard, Inc.


Bull Trap Sell Signal: MSTR - Microstrategy Inc



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