Market Summary for 2/7/2008

Markets Snapshot:
NASDAQ BP:25.22 and is in a column of Xs on a SELL signal
NYSE BP:30.53 and is in a column of Xs on a SELL signal

Created Boxes: X - 124 O - 529
New Signals: Buy - 22 Sell - 60
New Reversals: Up - 118 Down - 286
Broke Double: Tops - 19 Bottoms - 105

Some support was found after a several down days, although it almost evaporated near the close. The majority of signals was still negative, but look for it to improve tomorrow as the stocks continue their bounce off of this low.

Sector Performance Yesterday
S&P Equal Weight: 1.02%

Bottom Sectors:
Media: -1.32%
Utilities - Electrical: -0.37%
Drugs: -0.17%

Top Sectors:
Wall Street: 3.66%
Gaming: 3.18%
Retailing: 3.17%

New Signals
No new Exchange signals

Sector Signals:
Sector Buy Signal: Textiles and Apparel


Stock Signals:

Buy Signals:
Bear Trap Buy Signal: CRM


Bear Trap Buy Signal: SKY


Bear Trap Buy Signal: UTMD


Sell Signals:
Bearish Catapult Signal: ADSK


Bearish Catapult Signal: DBSDY


Bearish Catapult Signal: EMC


Bearish Catapult Signal: PGSVY


Bull Trap Sell Signal: CT


Bull Trap Sell Signal: HVT


Bull Trap Sell Signal: OMTR


Bull Trap Sell Signal: WINN