Market Summary for 1/18/2008

Markets:

The breakdown continued on Friday as almost 25% of stocks created an O.

The Markets are on sell signals.

NASDAQ BP: 19%
NYSE BP: 19%

Stock Movement Summary:

Created X: 84 O: 1124
New Signals: Buy - 15, Sell - 84
New Reversals: Up - 135, Down - 238
Broke Double Tops/Bottoms: Tops - 1, Bottoms - 101

Sector Performance Yesterday
S&P Equal Weight: -0.43%

Best Sectors:
Semiconductors: +1.70%
Steel/Iron: +1.60%
Transports / Non Air: +0.89%

Worst Sectors:
Biomedics/Genetics: -2.09%
Protection Safety Equipment: -1.82%
Insurance: -1.65%

Sector Signals: (All sectors are on a P&F BP sell signal except Precious Metals)
No New Signals
All sectors are in Os except: Biomedics/Genetics, Drugs, Healthcare

New Stock Signals
Bearish Catapult: CLCT
Bearish Catapult: FLPB
Bearish Catapult: GNCMA
Bearish Catapult: MS
Bearish Catapult: NSANY
Bearish Catapult: POPEZ
Bearish Catapult: SILC
Bearish Catapult: SLGN

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