Market Summary for 1/31/2008

Markets Snapshot:

NASDAQ BP: 22% in Xs on Sell Signal
NYSE BP: 28% in Xs on Sell Signal

Stock Movement Summary:

Created X: 637 O: 258
New Signals: Buy - 93, Sell - 31
New Reversals: Up - 208, Down - 295
Broke Double Tops/Bottoms: Tops - 56, Bottoms - 34

Nice rally off the lows almost all of the way to the end. The BPs notched another percent each for the markets and the NASDAQ seems to be participating more than in previous days.


Sector Performance Yesterday
S&P Equal Weight: +2.07%

Best Sectors:
Savings & Loans: +4.71%
Retailing: +4.06%
Restaurants: +4.05%

Worst Sectors:
Oil Service: -0.71%
Precious Metals: -0.46%
Biomedics/Genetics: +0.40%

Sector Signals:
BUY: Gaming
BUY: Transports

New Stock Signals
Bullish Catapult: SRCE

Bearish Catapult: CVD
Bearish Catapult: DWSN
Bearish Catapult: PFBI
Bearish Catapult: SIRF