Market Summary for 1/17/2008

Markets:

The Markets are on sell signals.

NASDAQ BP: 21%
NYSE BP: 25%

Stock Movement Summary:

Created X: 101 O: 1018
New Signals: Buy - 7, Sell - 106
New Reversals: Up - 136, Down - 185
Broke Double Tops/Bottoms: Tops - 10, Bottoms - 98

Sector Performance Yesterday
S&P Equal Weight: -2.99%

Best Sectors:
Drugs: -1.1%
Restaurants: -0.7%
Biomedics/Genetics: -0.25%



Worst Sectors:
Chemicals: -5.24%
Wall Street: -4.73%
Machinery and Tools: -4.67%
Metals Non Ferrous: -4.64%

Sector Signals: (All sectors are on a P&F BP sell signal except Precious Metals)
None
Healthcare, Drugs, Biomedics/Genetics are all in a column of Xs.


New Stock Signals
Bearish Catapult: ANSW
Bearish Catapult: BKUNA
Bearish Catapult: CHEUY.PK
Bearish Catapult: CYN
Bearish Catapult: HIG
Bearish Catapult: IOSP
Bearish Catapult: MTG
Bearish Catapult: MWA-B
Bearish Catapult: RDN
Bearish Catapult: TDSC
Bearish Catapult: UNP

Of all the bearish signals, I think UNP looks best for a continued downturn.