SP500 Weekly Analysis w/e Apr 6th

o 1st time frame up trend.

o The market closed with the bulls keen, in control and committed.

o Range expansion shows that the bulls are eager.

o Close-by resistance at the highs of the previous two weeks was taken out. Watch resistance at the previous swing high at 1461.

o Triple MAs have changed to BULLISH.

o MACD histogram remains ST BULLISH.

o ST volatility achieved a cyclical peak a few weeks ago and is trending down from the OB zone. This is reflected in the large area of consolidation following the previous swing high and the subsequent pullback.

o Volume came off last week – bulls lack commitment.

o 79% of socks are above their 4 week MA but watch for a bearish cross below 70% – ST BULLISH.

SP500 Daily Analysis for Apr 3rd

o New 1st time frame up trend.

o The market closed with the bulls keen, in control and committed.
o Nice range expansion suggests that buyers are eager.
o The market has, once again, been halted at the top of the important band of resistance, marked as the two light blue lines. Watch the resistance area, marked in yellow, if this area is breached. If there is downside rejection from the resistance area, the strong support/resistance marked in orange should be watched.
o Triple MAs are BULLISH.
o MACD histogram remains ST bullish.
o ST volatility has achieved a cyclical trough and should beging to trend up but may be temporarily halted at the resistance area marked in light blue. If this area is taken out tomorrow, we will see good trending action, possibly approaching the yellow-marked resistance area on the price chart.

o Volume failed to appreciate significantly suggesting that there is little commitment from the bulls to yesterday's move.

Dow30 Stocks performance quarter ending Mar 31st

S&P500 Daily Analysis Mar 27th

S&P500 Daily Analysis Mar 26th

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SP500 Weekly Analysis w/e Mar 23rd 2007

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o New 1st time frame up trend. o The market closed with the bulls keen, in control and committed. o Range expansion shows that the bulls are eager. o There was upside price rejection from the strong support around the previous resistance area, marked in brown. Watch the previous swing high as resistance. o Triple MAs remain NEUTRAL. o MACD histogram has changed to ST BULLISH. o ST volatility has achieved a cyclical peak and has crossed below the OB zone. Expect either consolidation or an attempt at the previous swing high. o Volume came off last week – oerhaps the bulls lack some commitment

o 88% of socks are above their 4 week MA but watch for a bearish cross below 70% – ST BULLISH.

SP500 Daily Analysis for Mar 22nd

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- 1st time frame up trend intact.
- Borderline inside day denotes indecision in the market.
- Large range contraction suggests that buyers are not as eager as they were yesterday.
- Japanese candlestick Tweezers Top reversal pattern - look for a new 1st time frame down trend.
- Over the last two days the markets's advance has been halted at an important band of resistance, marked as the two light blue lines. Watch the resistance area, marked in yellow, if this area is breached. If there is downside rejection from the resistance area, the strong support/resistance marked in orange should be watched.
- Triple MAs are NEUTRAL.
- MACD histogram has turned ST bearish.
- ST volatility has been trending up and there is every possibility that it will continue up to the resistance area marked in orange. If this happens we should see a continuation of the previous trending price action.

Weekly Sector Strength w/e Mar 16th

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S&P500 Daily Analysis for Mar 14th

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• 1st time frame down trend intact.
  
• The market closed with the bulls keen, in control and committed. The bears lost control throughout the day and didn't have the commitment to close the market near the lows.
  
• There was strong price rejection from the support area, marked in brown on the chart. Another strong level, having acted as supported on two previous occasions. Watch the important resistance area, marked in orange, if the market comes trades up again.
  
• Triple MAs are BEARISH.
• MACD histogram is ST bullish.
  
• ST volatility is at the resistance area, marked in light blue. If this holds we will see more consolidation. If the level is broken we will see this market begin trending again.
  

S&P500 Daily Analysis for Mar 12th

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• 1st time frame up trend intact. The market closed with the bulls moderately keen, having modest control and showing some level of commitment.
• Inside day denotes indecision - serves as a warning for the current up swing.
• The market has had some difficulty taking out the resistance area, marked in orange on the chart. This is quite a strong level - it has previously acted as resistance, then support and now resistance again. Watch the support area, marked in brown, if the market comes off again.
  
• Triple MAs are NEUTRAL.
• MACD histogram is ST bullish.
  
• ST volatility is approaching a support level, marked in yellow. If the support holds we could see consolidation or the market come off slightly.
  
• Volume has come off as price action was in an up swing - volume divergence - something of a warning signal.

SP500 Weekly Analysis w/e Mar 9th 2007

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21% (8% prev) of stocks closed above their 4 week MA – ST NEUTRAL. 67% (63% prev) of stocks closed above their 30 week MA - MT BEARISH.

75 (71% prev) of stocks closed above their 52 week MA - LT BULLISH.

o 1st time frame down trend intact. o The market closed with the bulls moderately keen and committed, and showing some amount of control. o Range contraction shows that the bears aren’t as eager as the previous week. o There was good support around the previous resistance area, marked in brown. This area should be watched closely next week. o Triple MAs remain NEUTRAL. o MACD histogram has changed to ST BULLISH. o Momentum in ST volatility should achieve a cyclical peak very soon. Expect either consolidation or a moderate upside retracement of the current down swing. o Volume came off last week - nothing unusual

o 21% of socks are above their 4 week MA but watch for a bullish cross below 30% – ST NEUTRAL.

SP500 Daily Analysis for Mar 5th

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• 1st time frame down trend intact. The market closed with the bears keen, in control and committed.
  Range contraction signifies that the bears have lost some eagerness.
  
• The market closed at an important support area, marked in brown. Will it hold ? If this area is taken out, we could see the market trade down to the next support area around 1361, marked in dark blue.
  
• Triple MAs are BEARISH.
  
• MACD histogram is ST bearish and w have a divergence - ST bearish.
  
• ST volatility has achieved a cyclical peak. There is a strong chance that the close by previous resistance may act as support. If that happens, and the support in price action holds, we could see a ST rally in price action.
  
• Volume has come off with the current down swing - nothing unusual.

S&P500 Weekly Analysis for Feb 23rd 2007

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Ticker	Date	Name	Close	BuyPrice	BoughtWeeksAgo	PctP/L
UIS	2/23/07	Unisys Corp	9.3	6.88	15	35.17
WY	2/23/07	Weyerhaeuser Co	82.25	66.68	11	23.35
ATI	2/23/07	Allegheny Technologies	107.81	91.56	5	17.75
RSH	2/23/07	Radioshack Corp	22.62	20.43	5	10.72
DD	2/23/07	Du Pont de Nemours & Company E.I.	52.99	48.05	7	10.28
AVP	2/23/07	Avon Products Inc	38.56	35.17	3	9.64
AA	2/23/07	Alcoa Inc	35.08	32.07	4	9.39
BNI	2/23/07	Burlington Nth Santa Fe	83.91	77.66	4	8.05
EMC	2/23/07	Emc Corp	14.49	13.61	7	6.47
ETR	2/23/07	Entergy Corp	100.95	95.13	3	6.12
AEP	2/23/07	American Electric Power	45.75	43.26	4	5.76
CI	2/23/07	Cigna Corp	143.89	137.99	2	4.28
MCD	2/23/07	Mcdonalds Corp	46.01	44.56	2	3.25
HON	2/23/07	Honeywell International	47.69	46.24	2	3.14
HET	2/23/07	Harrah's Entertainment	85.17	82.66	9	3.04
XRX	2/23/07	Xerox Corp	17.88	17.41	2	2.7
T	2/23/07	AT&T Inc	37	36.4	4	1.65
BAX	2/23/07	Baxter International Inc	49.81	49.75	2	0.12
DOW	2/23/07	Dow Chemical Co	43.45	43.44	1	0.02

Dow 30 stocks - Daily Outperforming and Underperforming for Feb 22nd

ST BULLISH
AA, CAT, DD, HON, JPM, MCD, WMT

ST BEARISH
AXP, C, GE, HPQ, JNJ, KO, MO, MRK, PFE

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