Thursday, September 4, 2008

Market Summary for September 03, 2008

Markets Snapshot:
NASDAQ BP: 41.12 and is in a column of Xs on a BUY signal
NYSE BP: 42.84 and is in a column of Xs on a SELL signal

Created Boxes: X - 209 O - 411
New Signals: Buy - 24 Sell - 56
New Reversals: Up - 86 Down - 184
Broke Double: Tops - 42 Bottoms - 90
New: Highs - 25 Lows - 96

Sector Performance
S&P Equal Weight: 0.00%

Bottom Sectors:
Precious Metals: -4.89%
Semiconductors: -3.38%
Steel and Iron: -2.90%

Top Sectors:
Wall Street: 1.55%
Savings and Loans: 1.50%
Real Estate: 1.37%

New Signals
No new Exchange signals

No new Sector signals

Stock Signals:

Buy Signals:
Bear Trap Buy Signal: ADVNA - Advanta Corp


Bear Trap Buy Signal: SDK - ProShares - UltraShort Russell MidCap Growth


Broke Triple Top: BMR - Biomed Realty Trust, Inc.


Bullish Catapult Signal: SUSQ - Susquehanna Bancshares Inc


Bullish Catapult Signal: EUM - ProShares - Short MSCI Emerging Markets Index



Sell Signals:
Bearish Catapult Signal: KEP - Korea Electric Power Adr


Bearish Catapult Signal: NE - Noble Corporation


Bearish Catapult Signal: PHX - Panhandle Royalty Company


Bearish Catapult Signal: TNE - Tele Norte Leste Participacoes


Bearish Catapult Signal: ZEUS - Olympic Steel Inc


Broke Triple Bottom: CAM - Cameron International Corporation


Broke Triple Bottom: KWK - Quicksilver Resources Inc.


Broke Triple Bottom: PDE - Pride International, Inc.


Bull Trap Sell Signal: TXI - Texas Industries Inc



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