Market news, views and information from a Wall Street veteran

Monday, September 25, 2006

S&P500 Weekly Analysis

Weekly

The weekly Cycle Gauge is B5. This indicates that the market has been in the Advancing Phase for five weeks.

  • 54% (73% prev) of stocks closed above their 4 week MA - ST BEARISH.
  • 61% (63% prev) of stocks closed above their 30 week MA - MT BULLISH.
BULLISH SECTORS
  • Consumer Non-Durables
  • Drugs
  • Insurance
  • Real Estate
  • Media
  • Computer Software and Services
BEARISH SECTORS
  • Energy
  • Metals and Mining
  • Transportation

posted by Equities Analyst at 4:18 AM

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