Market Summary for July 17, 2008

Markets Snapshot:
NASDAQ BP: 29.06 and is in a column of Os on a BUY signal
NYSE BP: 28.20 and is in a column of Xs on a SELL signal

Created Boxes: X - 671 O - 266
New Signals: Buy - 161 Sell - 56
New Reversals: Up - 601 Down - 92
Broke Double: Tops - 151 Bottoms - 75
New: Highs - 27 Lows - 40

Sector Performance
S&P Equal Weight: 2.00%

Bottom Sectors:
Steel and Iron: -4.18%
Oil: -4.00%
Metals Non Ferrous: -2.76%

Top Sectors:
Savings and Loans: 5.46%
Banks: 5.01%
Wall Street: 4.92%

New Signals
No new Exchange signals

No new Sector signals

Stock Signals:

Buy Signals:
Bear Trap Buy Signal: BID - Sotheby's


Bear Trap Buy Signal: BOBE - Bob Evans Farms, Inc.


Bear Trap Buy Signal: CHRS - Charming Shoppes, Inc.


Bear Trap Buy Signal: DGICA - Donegal Group Inc.


Bear Trap Buy Signal: IIVI - Ii VI Inc Two Six Inc


Bear Trap Buy Signal: JNY - Jones Apparel Group, Inc.


Bear Trap Buy Signal: JOSB - Jos A Bank Clothiers Inc


Bear Trap Buy Signal: PRX - Par Pharmaceutical Companies, Inc.


Bear Trap Buy Signal: SII - Smith International Inc


Bear Trap Buy Signal: SLB - Schlumberger Limited


Bear Trap Buy Signal: THQI - THQ Inc.


Bullish Catapult Signal: FORR - Forrester Research, Inc.


Bullish Catapult Signal: KNX - Knight Transportation Inc


Bullish Catapult Signal: TJX - the TJX Companies, Inc.


Bullish Catapult Signal: NPSNY - Naspers Limited



Sell Signals:
Bearish Catapult Signal: COSWF.PK - Canadian Oil Sands Trust


Bearish Catapult Signal: DNR - Denbury Resources Inc.


Bearish Catapult Signal: EE - El Paso Electric Co.


Bearish Catapult Signal: EGN - Energen Corporation


Bearish Catapult Signal: KWK - Quicksilver Resources Inc.


Bearish Catapult Signal: WLL - Whiting Petroleum Corporation


Bull Trap Sell Signal: AMRI - Albany Molecular Research, Inc.


Bull Trap Sell Signal: SWX - Southwest Gas Corp