Market Summary for 1/29/2008

Markets Snapshot:

The markets continued their move higher and the NASDAQ has now reversed up into Xs.


NASDAQ BP: 20%
NYSE BP: 24%

Stock Movement Summary:

Created X: 516 O: 66
New Signals: Buy - 74, Sell - 9
New Reversals: Up - 377, Down - 85
Broke Double Tops/Bottoms: Tops - 85, Bottoms - 18

Definitely a positive day with some carryover signals from Monday.

Sector Performance Yesterday
S&P Equal Weight: +0.97%

Best Sectors:
Transports / Non Air: +1.97%
Forest Prods/Paper: +1.93%
Building: +1.75%

Worst Sectors:
Internet: -1.06%
Real Estate: -0.51%
Restaurants: -0.49

Sector Signals:
BUY: Savings & Loan
BUY: Steel/Iron

New Stock Signals
Bullish Catapult: PRK
Bearish Catapult: CCU
Bearish Catapult: ERTS