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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S&P500 Daily Analysis for Feb 21st

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• 1st time frame down trend intact.
  
• The market closed with the bears keener but the bears lost the control they had earlier in the day and lacked the commitment to close the market down near the lows.
  
• Inside day signifies indecision in the market.
• Japanese candlestick Hammer pattern alerts us to a potential ST reversal - need confirmation.
  
• Over the last three days there has been strong upside price rejection from the previous resistance area, marked in lime green. This area will be very important over the next few days. Will it hold ? If this area is taken out, we could see the market trade down to the support area at 1431, marked in orange.
  
• Triple MAs are bullish.
  
• MACD histogram is ST bearish and w have a divergence - ST bearish.
• ST volatility is at a very strong support area. We should see a cyclical trough in ST volatility very soon. This has repercussions for this market at the moment. The next market move will be quite strong. So, if the support is taken out we could see a move down to 1431. If it holds, a strong upside move to new highs is likely.
• Triple divergence between price and volume. We like to see volume making new highs with price action new highs - not so over the last few weeks. You have to question the commitment of the bulls in making the recent highs.
  

S&P500 Weekly Analysis for Feb 16th 2007

• 1st time frame up trend intact.


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


• Outside period suggests some indecision.


• The previous resistance area, marked dark yellow, held as support again last week. This area may be re-tested again next week. Watch it closely again next week. The support area, marked dark red, should also be watched if the market breaks out to the down side.


• Triple MAs remain BULLISH.


• MACD histogram has changed to ST BULLISH.


• Momentum in ST volatility has begun to pick up again and will approach an area of resistance again. The current up swing may develop further if this area is taken out.


• Volume came off last week and is lower than on the previous upswing high – volume divergence – this fails to support further development of the current swing.


• 77% of socks are above their 4 week MA but watch for a bearish cross below 70% – ST BULLISH

S&P500 Daily Analysis for Feb 12th

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• 1st time frame down trend..
  
• The market closed with the bears keen and having moderate control but having lost some of the commitment they had earlier in the day.
• Range has contracted significantly denoting a lack of eagerness from the bears.
  
• The previous very strong resistance area, marked in orange, may now become an area of support. This area is very important to the short term future of this market. Watch the support areas marked in light pink and dark yellow if this area is breached to the downside.
  
• Triple MAs are NEUTRAL.
  
• MACD histogram is ST bearish.
• ST volatility is very close to ST resistance, marked bright green.We could see the current down swing stall or even retrace somewhat if the area holds. If the resistance in volatility doesn't hold, then we would expect the support areas in price action to be approached fairly quickly.
  
• Volume has come off with price action - nothing unusual here.

S&P500 Weekly Analysis for Feb 9th 2007

• 1st time frame up trend intact.


• The market closed with the bears keen, showing moderate control and some weak commitment.


• The previous resistance area, marked dark yellow, has now held as support. This area is important. This area may be re-tested early next week, so watch it closely. The support area, marked dark red, should also be watched id the market breaks out to the down side.


• Triple MAs remain BULLISH.


• MACD histogram has changed to ST BEARISH and we also have a BEARISH DIVERGENCE.


• ST volatility has lost momentum. It’s most likely, that we shall see ST consolidation if the support holds or a retracement.


• Volume has come off and is lower than on the previous upswing high – volume divergence – this fails to support further development of the current swing.


• 65% of socks are above their 4 week MA and bearish cross below 70% – ST BEARISH.