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

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

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

Market Summary for 1/28/2008

Markets Snapshot:

The markets continued their move higher, but the NASDAQ is still in Os. It will only take less than half a percent of stocks to move to Xs.


NASDAQ BP: 19%
NYSE BP: 22%

Stock Movement Summary:

Created X: 297 O: 135
New Signals: Buy - 29, Sell - 9
New Reversals: Up - 166, Down - 327
Broke Double Tops/Bottoms: Tops - 6, Bottoms - 7

Although the day ended higher, the day still shows somewhat mixed results as evident by the 2:1 of reversals down to up. It doesn't look like all of the stocks were convinced of the need to go higher.

Sector Performance Yesterday
S&P Equal Weight: +2.11%

Best Sectors:
Retailing: +2.83%
Real Estate: +2.71%
Savings & Loans: +2.67%

Worst Sectors:
Internet: -0.56%
Restaurants: -0.26%
Aerospace Airline: +0.47%

Sector Signals:
No new signals

New Stock Signals
Bullish Catapult: VVUS - Low priced stock breaking out of base?

Bearish Catapult: UTHR - Not much support until it hits the mid 60s.

Market Summary for 1/25/2008

Markets:

The markets continued their move higher and have moved significantly off of the lows from earlier in the week. The NASDAQ is within 1% of reversing up into Xs.

The Markets are on sell signals, but the NYSE has reversed up into Xs.

NASDAQ BP: 19%
NYSE BP: 22%

Stock Movement Summary:

Created X: 699 O: 118
New Signals: Buy - 68, Sell - 14
New Reversals: Up - 287, Down - 198
Broke Double Tops/Bottoms: Tops - 10, Bottoms - 7

A pretty mixed day as stocks were up early and then went south 280 points from the high.

Sector Performance Yesterday
S&P Equal Weight: -1.20%

Best Sectors:
Metals Non Ferrous: +2.35%
Steel/Iron: +1.13%
Precious Metals: +1.00%

Worst Sectors:
Wall Street: -2.33%
Textiles / Apparel: -2.21%
Household Goods: -1.98%

Sector Signals:
No new signals

New Stock Signals
Bullish Catapult: NC

Market Summary for 1/24/2008

Markets:

The markets continued their move higher and have moved significantly off of the lows from earlier in the week.


The Markets are on sell signals, but the NYSE has reversed up into Xs.

NASDAQ BP: 18%
NYSE BP: 20%

Stock Movement Summary:

Created X: 643 O: 96
New Signals: Buy - 105, Sell - 8
New Reversals: Up - 776, Down - 83
Broke Double Tops/Bottoms: Tops - 16, Bottoms - 11

As anticipated, a lot more stocks are now showing signals and reversing up. Even though it wasn't a huge gain on the day, the movements from the day earlier helped show that a lot more stocks are moving higher than was evident yesterday.

Sector Performance Yesterday
S&P Equal Weight: +0.68%%

Best Sectors:
Precious Metals: +5.58%
Internet: +5.42%
Steel/Iron: +4.54%

Worst Sectors:
Real Estate: -1.50%
Biomedics/Genetics: -1.03%
Utilities / Electrical: -0.83%

Sector Signals:
The Real Estate and Wall Street sectors created buy signals yesterday. Real Estate reversed up from a low of of 10% and is currently at 28% BP. Wall Street also reversed up from a low of 12% to created a signal at 32% and currently sits at 46%.


New Stock Signals
No new signals, but look for opportunities in the Real Estate and Wall Street sectors due to the sector buy signals.

Market Summary for 1/23/2008

Markets:

The markets sprung back a bit and it held through the day. Since there was a wild swing from negative to positive, a lot of P&F changes will happen after the next close as those that created Os yesteday will end up reversing up today.


The Markets are on sell signals in Os still.

NASDAQ BP: 16%
NYSE BP: 17%

Stock Movement Summary:

Created X: 229 O: 821
New Signals: Buy - 126, Sell - 63
New Reversals: Up - 1017, Down - 126
Broke Double Tops/Bottoms: Tops - 10, Bottoms - 49

As you can see from these odds, the momentum has definitely swung back to positive. Watch for more reversals to Xs after today's close.

Sector Performance Yesterday
S&P Equal Weight: +3.15%

Best Sectors:
Real Estate: +7.09%
Savings & Loans: +6.15%
Restaurants: +5.54%

Worst Sectors:
Oil: -0.73%
Internet: -1.36%
Precious Metals: -2.16%

Sector Signals: (All sectors are on a P&F BP sell signal except Precious Metals)
No New Signals
Building, Textiles / Apparel, Gaming, Transports / Non Air, Retailing, Wall Street, Leisure, Restaurants, Savings & Loans, Real Estate all reversed back into Xs yesterday.

New Stock Signals
Bearish Catapult: ARJ
Bearish Catapult: NOA
Bearish Catapult: OKS - A lot of support here at 57-58, but not much more until 48, watch to see if it continues slide