Date: Tue Apr 6, 2004 3:11 am
Subject: Back to the 50 SMA ...NOW WHAT?
Market Commentary: The market, DJ-30, closed up + 87 points Monday. DJ-30 closed at 10,558. COMPQX up +22 points at 2079 QQQ up +35 points at 37.45
M.A.P. Overall Outlook. M.A.P. Intermediate pattern `down', since January 27th completed and re-tracement rally underway.
***************** Current Outlook: The COMPQX is just 10 points away from the 1000sma. It should fail on the first hit, which should be Tuesday. The Dj-30 had it's first close over the 50 sma since the first week of March. A pullback here would be a common pattern.
Tuesday should be up in the morning and see profit taking in the afternoon. Sell Flats in the major Indexes suggests the Mkt will run into some selling by the close. SOXX giving sell signals for Tuesday.
*****************
Big Picture: DJ-30 completed an intermediate MAP sell. Any Dj-30 failure here will send the DJ-30 below the 10,000. The DJ-30 1000 sma. Remains in tact.
Sector/Industry Spotlight: MG630, Some Housing stocks back to the 50 sma …test time . DHI,
Bullish Sectors drug delivery + 4.3%
Percent of Sectors Bullish +94% Bearish -6%
Bearish Sectors REIT Health care –6.1%
US DOLLAR & GOLD, The Dollar hit our pullback target, the 50 sma from last week. Now bouncing. It should have a major breakout from here to the upside
.
GOLD: We got our "new High" snap back , and are now in a sell-off….until the next international disaster.
Bullish Indicator Stocks QDEL, Bull Engulfing and bounce off the 500 sma and 1000 sma. SIGM, bull engulfing, target the 50 sma TALK, Bull engulfing off the 1000 and move over the 500 sma. ITXC, time for a move to the 50 sma. SCMR, target the 50 sma. KSWS Now back above the 50 sma.
BULL KICKERS BGC, look for a 50 sma breakout. OSTE, breaking out of the 50 sma
MA BREAKOUTS: CPTS, attacking the 1000sma again, should succeed. CVTX, trying to breakout out of the 50 sma.
SNAP BACKS: AVII setting up for snap back over the 50 sma
M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04) Note how all the failed 50 sma Indexes have followed M.A.P. All the DJ-30 stocks failing sma 50 , with a bounce due.
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Date: Wed Apr 7, 2004 9:31 am
Subject: Holiday Stock Market
Market Commentary: The market, DJ-30, closed up + 12 points Tuesday. DJ-30 closed at 10,570. COMPQX down -19 points at 2059 QQQ down -47 points at 36.98
M.A.P. Overall Outlook. M.A.P. Intermediate pattern `down', since January 27th completed and now a re-tracement rally underway.
***************** Current Outlook: The COMPQX is just 10 points away from the 1000sma. It should fail on the first hit. We did not hit it Tuesday. The Dj-30 had it's first close over the 50 sma since the first week of march. A pullback here would be a common pattern.
Wednesday should be flat in the morning and see the NASDAQ close up for the day.
*************
Big Picture: DJ-30 completed an intermediate MAP sell. Any Dj-30 failure here at the 50 sma will send the DJ-30 below the
10,000. Currently the DJ-30 1000 sma. Remains in tact.
Sector/Industry Spotlight: MG630, Some Housing stocks back to the 50 sma …test time . First bounce off the 50 sma, next attack will fail.
Bullish Sectors Toys and games + 2.8%
Percent of Sectors Bullish +31% Bearish -69%
Bearish Sectors REIT Health care –6.7%
US DOLLAR & GOLD, The Dollar hit our pullback target, the 50 sma from last week. Now bouncing. It should have a major breakout from here to the upside …… target the 200 sma
.
GOLD: We got our "new High" snap back , and are now in a sell-off….until the next international disaster or sma support.
Bullish Indicator Stocks TUP, gap over the 50 sma, a dip looks good for a long. QDEL, Bull Engulfing and bounce off the 500 sma and 1000 sma. Up nicely again Tueaday.
BULL KICKERS All the stocks were over $65
MA BREAKOUTS: CPTS, attacking the 1000sma again, should succeed, OK Tueaday CVTX, trying to breakout out of the 50 sma…. Two failures.
SNAP BACKS: AVII setting up for snap back over the 50 sma
M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04) Note how all the failed 50 sma Indexes have followed M.A.P. All the DJ-30 stocks failing sma 50 , with a bounce due.
Date: Thu Apr 8, 2004 8:53 am
Subject: Positive Earnings Giving a Lift to the Markets.
Market Commentary: The market, DJ-30, closed down -90 points Wednesday DJ-30 closed at 10,465. COMPQX down -9 points at 2050 QQQ down -4 points at 36.94
M.A.P. Overall Outlook. Long tern, still bull mkt. M.A.P. Intermediate pattern `down', since January 27th completed and now a re-tracement rally underway.
***************** Current Outlook: The Dj-30 had it's first close over the 50 sma since the first week of march. A pullback here took it to within 10 points of the 50 sma. A "Snap Back" up from here is the next pattern move for it and the rest of the indexes.
Thursday should be up in the morning and see the major Indexes close up for the day.
*************
Big Picture: DJ-30 completed an intermediate MAP sell. Any Dj-30 failure here at the 50 sma will send the DJ-30 below the
10,000. Currently the DJ-30 1000 sma. Remains in tact.
Sector/Industry Spotlight: MG630, Some Housing stocks back to the 50 sma …test time . First bounce off the 50 sma, next attack will fail.
Bullish Sectors Building Materials Wholesale + 3.2%
Percent of Sectors Bullish +35% Bearish -65%
Bearish Sectors Aluminum –3.2%
US DOLLAR & GOLD, The Dollar hit our pullback target, the 50 sma from last week. Now bouncing. It should have a major breakout from here to the upside …… target the 200 sma However, it remains in a channel of chop, it needs a breakout of
89.50 to make the 200 sma.
.
GOLD: We got our "new High" snap back , and are now in a sell-off….until the next international disaster or sma support.
Bullish Indicator Stocks VERT, SOAP, MOBO and going to the 50 sma and probably thru it. SUN, buy signal, look for MOBO breakout SII SOAP signal with hammer off the 50 sma.
BULL KICKERS MECA, also "snap back" up. A retest of the 1000sma held.
MA BREAKOUTS: TGAL, Breakout of 50 sma, kicker too MYK, ready to pop the 50 sma. MNS, looking for "Snap back: thru the 50 sma. CVTX, trying to breakout out of the 50 sma…. Popped thru, third day on list. VRTY, holding the 500 sma should snap back to fill the gap and test the last highs. MGAM, HAMMER off the 50 sma.
SNAP BACKS: WEBM, pulled back to the 50 sma and now a "Snap back" up candidate. IPIX, snap back setting up. AVII setting up for snap back over the 50 sma and popped thru Wednesday it Wednesday.
DOWN MOVERS POSO, SNAP bACK down, failed 50 sma.
UNDER $1.OO AAC, SNAPBACK
M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04) Note how all the failed 50 sma Indexes have followed M.A.P. All the DJ-30 stocks failing sma 50 , with a bounce due.
Date: Mon Apr 12, 2004 8:56 am
Subject: Holiday Hope
Market Commentary: The market, DJ-30, closed down -38 points Thursday. DJ-30 closed at 10,442 COMPQX up +2 points at 2052 QQQ unchanged at 36.94
M.A.P. Overall Outlook. Long tern, still bull mkt. M.A.P. Intermediate pattern `down', since January 27th completed and now a re-tracement rally underway. Bottom March 24th completed down MAP.
***************** Current Outlook: Last week the DJ-30 had it's first close over the 50 sma since the first week of march. I has done the pullback to test the 50 sma Wednesday and Thursday , last week. A "Snap Back" up from here is the next pattern move for it and the rest of the indexes. COMPQX showing a snap back to take out Last Monday's highs. Monday should be up in the morning and see the major Indexes close up for the day.
*************
Big Picture: DJ-30 completed an intermediate MAP sell March 24. The sell wave is complete, with the major Indexes retesting the 50 sma. Currently the DJ-30 1000 sma. Remains in tact.
Sector/Industry Spotlight:
Bullish Sectors Internet Information +10.2%
Percent of Sectors Bullish +25% Bearish -75%
Bearish Sectors Apparel Stores –3.2%
US DOLLAR & GOLD, The Dollar hit our pullback target, the 50 sma from last week.. It should have a major breakout from here to the upside …… target the
200 sma However, it remains in a channel of chop, it needs a breakout of
89.50 to make the 200 sma.
.
GOLD: We got our "new High" snap back , and are now in a sell-off….until the next international disaster or sma support . Currently $407 is the 50 sma for Gold.
Bullish Indicator Stocks SYNA, bouncing off the 50 sma , look for price confirmation. QSFT, ready for a wave 3 up. DTAS. Breaking out of the 50 sma, will kicker. LOUD, target the 50 sma.
BULL KICKERS VCLK, Up off the 50 sma Thursday. CPTH, BLDP, heading to the 50
MA BREAKOUTS: SINA, watch open for continued momentum
SNAP BACKS: ZHNE, should attack the 50 sma. ABTL, watch for a snap back up to start wave 3. ERTS, ready for snap back up to take out the $55 highs. COMS, target the 50 sma. AAPL, should test new highs, earnings Wednesday. BRKR, target 50 sma. ADM MSFT
DOWN MOVERS IMH, MTRX PD
UNDER $1.OO AOLA, bull kicker, target 50 sma.
M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Date: Tue Apr 13, 2004 9:11 am
Subject: Earnings and Healthy Fed Numbers.
Market Commentary: The market, DJ-30, closed up + 73 points Monday. DJ-30 closed at 10,515
.
COMPQX up +12 points at 2065 QQQ up +23 at 37.17
M.A.P. Overall Outlook. Long tern, still bull mkt. M.A.P. Intermediate pattern `down', since January 27th completed and now a retracement rally underway. Bottom March 24th completed down MAP.
***************** Current Outlook: The Dj-30 started a "Snap Back" up Monday, as projected, and continues in an up mode. COMPQX also showed a snap back and followed thru on Monday. I am seeing several Flat warnings for any overextended wild pop in the markets. Tuesday should open up, and continue the 50 sma bounce to the upside.
*************
Big Picture: DJ-30 completed an intermediate MAP sell March 24. The sell wave is complete, with the major Indexes retesting the 50 sma. Currently the DJ-30 1000 sma. Remains in tact.
Sector/Industry Spotlight: MG912, Electric Utilities These are now reflecting a coming rate increase by Fed. Their warnings are the violation of the 50 sma for the first time in this bull mkt.
Bullish Sectors Semiconductors +2.8%
Percent of Sectors Bullish +25% Bearish -75%
Bearish Sectors REIT retail –6.3%
US DOLLAR & GOLD, The Dollar hit our pullback target, the 50 sma from last week.. It should have a major breakout from here to the upside …… target the
200 sma However, it remains in a channel of chop, it needs a breakout of
89.50 to make the 200 sma.
.
GOLD: We got our "new High" snap back , and are now in a sell-off….until the next international disaster or sma support . Currently $407 is the 50 sma for Gold as gold continues to drift.
Bullish Indicator Stocks NEWP MCEL ATSN OMNI|
SYNA, bouncing off the 50 sma , look for price confirmation. QSFT, ready for a wave 3 up. DTAS. Breaking out of the 50 sma, will kicker. LOUD, target the 50 sma.
BULL KICKERS IMOS, and MOBO thru the 50 RAD, now off the 50 sma.
SIMG , should seee new highs for month. VCLK, Up off the 50 sma Thursday. CPTH, BLDP, heading to the 50
MA BREAKOUTS: SINA, watch open for continued momentum
SNAP BACKS: ISIL
DOWN MOVERS TUES
UNDER $1.OO AOLA, bull kicker, target 50 sma.
M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Date: Wed Apr 14, 2004 8:54 am
Subject: Our "Dark Cloud" Rains on the Markets
Market Commentary: The market, DJ-30, closed Down -134 points Tuesday. DJ-30 closed at 10,381
.
COMPQX down – 35 points at 2030 QQQ down –54 at 36.63
************************* M.A.P. Overall Outlook. Long tern, still bull mkt. M.A.P. Intermediate pattern `down', since January 27th completed and now a retracement rally underway. Bottom March 24th completed down MAP.
***************** Current Outlook: " I am seeing several Flat warnings for any overextended wild pop in the markets." for Tuesday was an understatement. The "'Dark cloud" facing the mkts, just discovered by CNBC was our sector warnings of `interest rate hikes' by the Fed. It started in the Utilities, rela Estate REIT's and Banking sectors. Today we see a quieter market, and failure of any major rallies coupled with the `inflation' confirmation of a rate increase coming. Most indexes are within a short down move of their 50 sma,. I would expect those to be tagged today.
*************
Big Picture: DJ-30 completed an intermediate MAP sell March 24. The sell wave is complete, with the major Indexes retesting the 50 sma. Currently the DJ-30 1000 sma. Remains in tact. The 50sma is the current support for several lindexes.
Sector/Industry Spotlight: MG912, Electric Utilities These are now reflecting a coming rate increase by Fed. Their warnings are the violation of the 50 sma for the first time in this bull mkt. (Tuesday's mkt post) Add Real Estate, and banking too. Couple this with high energy costs and we have major issues that will cap any major mkt advances.
Bullish Sectors Dairy Products +.8%
Percent of Sectors Bullish +2% Bearish -98%
Bearish Sectors Silver –10.1%
US DOLLAR & GOLD, The Dollar is doing a breakout of 89.50 and should see the 200 sma at 91.00+
.
GOLD: We got tagged at the 50 sma for gold Tuesday and a -$13.00 drop. $390.00 is our next major support.
Bullish Indicator Stocks MTON VXGN, target $14.oo MSTR, power signal to move up to highs. NR TSAI
BULL KICKERS MCHM TWAV FCSE BABY GGNS DCEL
MA BREAKOUTS: DOC FCSE IRSN
SNAP BACKS: CACS AIR CD
DOWN MOVERS TUES Most banking stocks
UNDER $1.OO AOLA, bull kicker, target 50 sma. DTII watch
M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Date: Thu Apr 15, 2004 9:25 am
Subject: Picking Thru the Sell-Off Stocks.
Market Commentary: The market, DJ-30, closed Down -3 points Wednesday.
.
DJ-30 closed at 10,378
.
COMPQX down – 5 points at 2025 QQQ up +18 at 36.81
************************* M.A.P. Overall Outlook. Long tern, still bull mkt. M.A.P. Intermediate pattern `down', since January 27th completed and now a retracement rally underway. Bottom March 24th completed down MAP. Short Tern: Down move
***************** Current Outlook: Thursday' signals suggest an up day in a short term down trend. The COMPQX hit the 50 sma target Tuesday and suggest an up move. Upside target for the DJ-30 is the 10,450 level. QQQ's bounced within 10 cents of the 50 sma and that is the critical support for them today.
*************
Big Picture: DJ-30 completed an intermediate MAP sell March 24. The sell wave is complete, with the major Indexes retesting the 50 sma. Currently the DJ-30 1000 sma. Remains in tact. The 50 sma is the current support for several indexes , However the DJ-30 is below its 50 sma now. It should try a retest of that average.
Sector/Industry Spotlight: MG912, Electric Utilities These are now reflecting a coming rate increase by Fed. Their warnings are the violation of the 50 sma for the first time in this bull mkt. (Tuesday's mkt post) Add Real Estate, and banking too. Brokerage houses again reflecting some deep internal market issues with strong selloffs. MER is approaching the 200 sma while SCH is testing the 500 sma. Couple this with high energy costs and we have major issues that will cap any major mkt advances.
Bullish Sectors Recreational Vehicles +3.5%
Percent of Sectors Bullish +20% Bearish -80%
Bearish Sectors Mineral Mining –4.4%
US DOLLAR & GOLD, The Dollar is in day three now of doing a breakout of 89.50 and should see the 200 sma at 91.00+
.
GOLD: We got tagged at the 50 sma for gold Tuesday and a -$13.00 drop. And another -$7.00 Wednesday . $390.00 is our next major support.
Bullish Indicator Stocks GENZ, SOQP template buy target 50 sma. MTON
BULL KICKERS MEM
*MCHM
*TWAV
*BABY
*DCEL
* prior signal
MA BREAKOUTS: MATK AVY HSY JNJ
SNAP BACKS: DCLK IPAS ACTI ARXX CCI CORI
* CD
DOWN MOVERS TUES
UNDER $1.OO AOLA, bull kicker, target 50 sma. DTII watch
M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Date: Thu Apr 15, 2004 11:17 am
Subject: L.A. Class this Weekend
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Date: Fri Apr 16, 2004 12:11 am
Subject: Option Expiration Day!
Market Commentary: The market, DJ-30, closed Up + 19 points Thursday. .DJ-30 closed at 10,397 SP-500, up +.67 points at 1128.84
.
COMPQX down – 22 points at 20025 QQQ down 66 at 36.15
************************* M.A.P. Overall Outlook. Long tern, still bull mkt. M.A.P. Intermediate pattern `down', since January 27th completed and now a retracement rally underway. Bottom March 24th completed down MAP. Short Tern: Down move
***************** Current Outlook: Thursday' saw a mixed market with the DJ-30 and SP-500 up and QQQ and COMPQX down. Friday,: I see buy Flats in the banking sector to suggest some mkt buying Friday. Double Doji on the SP-500
*************
Big Picture: DJ-30 completed an intermediate MAP sell March 24. The sell wave is complete, with the major Indexes retesting the 50 sma. Currently the DJ-30 1000 sma. Remains in tact. The 50 sma is the current support for several indexes , However the DJ-30 is below its 50 sma now. It should try a retest of that average.
Sector/Industry Spotlight: MG410, Suggests a bounce in this bashed sector.
Bullish Sectors Drug Mfg. +3.5%
Percent of Sectors Bullish +50% Bearish -50%
Bearish Sectors Medical Practitioners –4.8%
US DOLLAR & GOLD, The Dollar did a three day move, now a pause, and should still see the 200 sma at 91.00+
.
GOLD: We got tagged at the 50 sma for gold Tuesday and a -$13.00 drop. And another -$7.00 Wednesday and small move Thursday down. $390.00 is our next major support.
Bullish Indicator Stocks TWTC NGAS, bull engulfing
*DCEL, TARGET THE 500 SMA. IMH, bull engulfing FA, watch for bounce off the 500sma.
BULL KICKERS PARS
SOAP and SOAP TEMPLATE CLN WTSLA NYB SLG FDO TSA
MA BREAKOUTS: POM, off the 500 sma, bull engulfing. PRX, bounce off the 500 sma. CW, 50 sma bounce.
SNAP BACKS: PQUE, failed the 1000 first time , going back. SONE RTEC ALO, Bounce off the 200 and 50 OPNT IO RTEC ACTI
DOWN MOVERS LRCX JDSU CHKP ISIL
UNDER $1.OO
M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Date: Mon Apr 19, 2004 6:16 am
Subject: PICKING THRU LAST WEEK'S RUBBLE
Market Commentary: The market, DJ-30, closed Up Friday.
SP-500, up
.
COMPQX down QQQ down
************************* M.A.P. Overall Outlook. Long tern, still bull mkt. M.A.P. Intermediate pattern `down', since January 27th completed and now a retracement rally underway. Bottom March 24th completed down MAP. Short Tern: Down move
***************** Current Outlook:
Monday,: I see buy Flats in the banking sector again to suggest some mkt buying Friday.
*************
Big Picture: DJ-30 completed an intermediate MAP sell March 24. The sell wave is complete, with the major Indexes retesting the 50 sma. Currently the DJ-30 1000 sma. Remains in tact. The 50 sma is the current support for several indexes , However the DJ-30 is now back to its 50 sma now.
Sector/Industry Spotlight: MG411, Suggests a bounce in this sector.
US DOLLAR & GOLD, The Dollar did a three day move, now a pause, and should still see the 200 sma at 91.00+ and be up Monday.
.
GOLD: We got tagged at the 50 sma for gold last Tuesday and a -$13.00 drop. And another -$7.00 Wednesday and small move Thursday down. $390.00 remains our next major support and target.
Bullish Indicator Stocks CRUS OKE AA ISIS
BULL KICKERS DRI
SOAP and SOAP TEMPLATE ADAT
MA BREAKOUTS: CMA JNPR, Bounce here .
SNAP BACKS: OATS TSO
DOWN MOVERS GNSS AZPN
UNDER $1.OO
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Date: Tue Apr 20, 2004 9:09 am
Subject:
Due to medical problem there will be no mkt comments today.
