Monday, September 1, 2008

Market Summary for August 28, 2008

Markets Snapshot:
NASDAQ BP: 41.95 and is in a column of Xs on a BUY signal
NYSE BP: 43.97 and is in a column of Xs on a SELL signal

Created Boxes: X - 294 O - 59
New Signals: Buy - 53 Sell - 17
New Reversals: Up - 261 Down - 66
Broke Double: Tops - 71 Bottoms - 16
New: Highs - 21 Lows - 19

Sector Performance
S&P Equal Weight: 1.96%

Bottom Sectors:
Oil: -1.26%
Oil Service: -0.19%
Utilities - Gas: 0.43%

Top Sectors:
Gaming: 3.88%
Wall Street: 3.66%
Savings and Loans: 2.88%

New Signals
No new Exchange signals

No new Sector signals

Stock Signals:

Buy Signals:
Bear Trap Buy Signal: SPIR - Spire Corporation


Bear Trap Buy Signal: BMRN - Biomarin Pharmaceutical Inc.


Bear Trap Buy Signal: NLY - Annaly Capital Management, Inc.


Broke Triple Top: AFAM - Almost Family, Inc.


Broke Triple Top: ICE - Intercontinentalexchange Inc.


Broke Triple Top: LAYN - Layne Christensen Co.


Broke Triple Top: LUFK - Lufkin Industries


Broke Triple Top: SCVL - Shoe Carnival Inc


Broke Triple Top: SEAC - Seachange Int'l.


Bullish Catapult Signal: JOYG - Joy Global Inc.



Sell Signals:
Broke Triple Bottom: MXM - Maxxam Incorporated


Bull Trap Sell Signal: EAC - Encore Acquisition Company



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