Market Summary for 2/5/2008

Markets Snapshot:
NASDAQ BP:26.08 and is in a column of Xs on a SELL signal
NYSE BP:32.98 and is in a column of Xs on a SELL signal

Created Boxes: X - 92 O - 217
New Signals: Buy - 9 Sell - 50
New Reversals: Up - 84 Down - 537
Broke Double: Tops - 9 Bottoms - 0

Just a big down day yesterday. 10% of the stocks in my system reversed down. All sectors were down except for a small gain in gaming. I introduced the bear trap and bull trap signals to my system yesterday and they generated a bunch of signals today.

The signals that I track are: broke triple tops, broke triple bottoms, bullish catapults, bearish catapults, breaking 90, bear traps, bull traps, sector buy, sector sell, exchange buy, and exchange sell signals. With all of these signals being tracked there is usually a few ideas each day and I provide the signal along with the chart from my system.

Sector Performance Yesterday
S&P Equal Weight: -3.22%

Bottom Sectors:
Precious Metals: -5.14%
Wall Street: -5.09%
Semiconductors: -5.06%

Top Sectors:
Gaming: 0.42%
Savings and Loans: -1.58%
Healthcare: -1.68%

New Signals
Sector Signals:
None

Stock Signals:
Buy Signals:
Bear Trap Buy Signal: EUM


Sell Signals:
Bearish Catapult Signal: TRBN


Bull Trap Sell Signal: BARI


Bull Trap Sell Signal: EFUT


Bull Trap Sell Signal: FDO


Bull Trap Sell Signal: GME


Bull Trap Sell Signal: PFG


Bull Trap Sell Signal: PLFE


Bull Trap Sell Signal: RYL


Bull Trap Sell Signal: SINA


Bull Trap Sell Signal: WW

Market Summary for 2/4/2008

Markets Snapshot:
NASDAQ BP: 26.75 and is in a column of Xs on a SELL signal
NYSE BP: 34.19 and is in a column of Xs on a SELL signal

Created Boxes: X - 468 O - 60
New Signals: Buy - 69 Sell - 9
New Reversals: Up - 166 Down - 135
Broke Double: Tops - 31 Bottoms - 0

Sector Performance Yesterday
S&P Equal Weight: -1.25%

Bottom Sectors:
Gaming: -2.84%
Textiles and Apparel: -2.40%
Retailing: -2.39%
Restaurants: -2.34%

Top Sectors:
Utilities - Electrical: 1.42%
Utilities - Gas: 0.98%
Oil: 0.87%
Oil Service: 0.64%

New Signals
Sector Signals:
Sector Buy Signal: Finance


Stock Signals:
Broke Triple Top: EFUT


Bear Trap Buy Signal: IWA


Bear Trap Buy Signal: SRP


Bearish Catapult Signal: WMCO


Bull Trap Sell Signal: BSC


Bull Trap Sell Signal: GFIG


Bull Trap Sell Signal: UHAL

Market Summary for 2/1/2008

Markets Snapshot:
NASDAQ BP:25.57 and is in a column of Xs on a SELL signal
NYSE BP:32.63 and is in a column of Xs on a SELL signal

Stock Movement Summary:
Created Boxes: X - 853 O - 66
New Signals: Buy - 152 Sell - 9
New Reversals: Up - 511 Down - 86
Broke Double: Tops - 50 Bottoms - 0

Sector Performance Yesterday
S&P Equal Weight: 2.05%

Bottom Sectors:
Internet: -1.21%
Utilities /Gas: 0.68%
Gaming: 0.93%

Top Sectors:
Metals Non Ferrous: 4.43%
Semiconductors: 3.32%
Building: 2.94%
Machinery and Tools: 2.82%

Sector Signals:
Sector Buy Signal: Banks


Sector Buy Signal: Metals Non Ferrous


Sector Buy Signal: Retailing


New Stock Signals
Bearish Catapult Signal: CWCO


Bullish Catapult Signal: BDK


Bullish Catapult Signal: ZUMZ

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.