Market Summary for 1/30/2008

Markets Snapshot:

NASDAQ BP: 21% in Xs on Sell Signal
NYSE BP: 27% in Xs on Sell Signal

Stock Movement Summary:

Created X: 678 O: 148
New Signals: Buy - 100, Sell - 15
New Reversals: Up - 258, Down - 149
Broke Double Tops/Bottoms: Tops - 58, Bottoms - 23

The ratios of up to down signals was pretty convincing even though the markets were mixed. However, the markets dropped significantly from their highs at the end of the day. We could see some downward signals tomorrow from these stocks swinging like this.

Sector Performance Yesterday
S&P Equal Weight: -0.61%

Best Sectors:
Transports / Non Air: +0.83%
Precious Metals: +0.76%
Steel/Iron: 0.64%

Worst Sectors:
Building: -1.85%
Restaurants: -1.70%
Wall Street: -1.63%

Sector Signals:
BUY: Building

New Stock Signals
Bullish Catapult: ESI
Bullish Catapult: MER
Bullish Catapult: PVTB
Bullish Catapult: SPG
Bullish Catapult: STI

Bearish Catapult: OMRI