Market Summary for October 17, 2008

Markets Snapshot:
NASDAQ BP: 15.62 and is in a column of Xs on a SELL signal
NYSE BP: 19.21 and is in a column of Xs on a SELL signal

Created Boxes: X - 224 O - 232
New Signals: Buy - 102 Sell - 10
New Reversals: Up - 1475 Down - 151
Broke Double: Tops - 30 Bottoms - 29
New: Highs - 1 Lows - 103

Sector Performance
S&P Equal Weight: -0.26%

Bottom Sectors:
Precious Metals: -3.47%
Banks: -2.85%
Semiconductors: -2.24%

Top Sectors:
Gaming: 3.63%
Internet: 2.28%
Oil: 2.10%

New Signals
No new Exchange signals

No new Sector signals

Stock Signals:

Buy Signals:
Bear Trap Buy Signal: CNMD - Conmed Corporation


Bear Trap Buy Signal: FCN - Fti Consulting, Inc.


Bear Trap Buy Signal: ITMN - Intermune Pharmaceuticals, Inc.


Bear Trap Buy Signal: PACR - Pacer International,Inc.


Bear Trap Buy Signal: RIO - Companhia Vale Do Rio Doce (CVRD)


Bear Trap Buy Signal: SFD - Smithfield Foods, Inc.


Bear Trap Buy Signal: WAB - Wabtec Inc.


Bullish Catapult Signal: RRC - Range Resources Corp


Bullish Catapult Signal: SURW - Surewest Communications



Sell Signals:
Bearish Catapult Signal: ACW - Accuride Corporation


Bearish Catapult Signal: GLBL - Global Industries Inc