Last weekend we stated “Perhaps Monday we will see a head fake move to the upside and then down all week” but of course it’s impossible to time the market so that must have been a lucky coincidence (wink). We also called an upside target for the DJ-30 of 12,554 which, although surpassed, is about the exact upside close for past Monday and open for the following Tuesday morning! Perhaps certain things in the markets are somewhat predictable? But I digress…
Anyway, weekly charts of most major Stock market indexes show a low volume consolidation in the upper half (and above) of the previous weeks higher volume advancing candle. Breadth for the market overall this week, surprisingly, was about the same as last week, roughly in the order of +15%! So, although it appears that this week was a consolidation, even a down week in index price, actually breadth was equally as strong as the previous weeks strong index advance. But, looking at breadth is useless, right? Think again … So, it appears that all the clues are pointing to upside next week, suggesting we may have made the bottom at least for a little while. Also, weekly charts of major indexes are showing bullish divergences in MACD lines of various settings. One final mention for the bullish case is that the SP-500 and DJ-30 have an almost (although imperfect) cup with handle pattern, with nice decreasing volume on the handle suggesting blast off next week. We shall see, let’s be careful out there…
| Sector ID |
Sector or Index Name |
(A-D)/TOTAL |
Net Change + |
Net Change 0 |
Net Change - |
Number Traded |
| DJ-15 |
Dow Jones Utility Average |
-33.33% |
5 |
0 |
10 |
15 |
| DJ-20 |
Dow Jones Transportation Average |
0.00% |
10 |
0 |
10 |
20 |
| DJ-30 |
Dow Jones Industrial Average |
-40.00% |
9 |
0 |
21 |
30 |
| NDX--X |
Nasdaq 100 Index |
-4.00% |
48 |
0 |
52 |
100 |
| OEX |
Standard & Poors 100 Index |
-8.00% |
46 |
0 |
54 |
100 |
| MID--X |
Standard & Poors 400 Index |
-4.26% |
191 |
0 |
208 |
399 |
| SP-500 |
Standard & Poors 500 Index |
-19.60% |
200 |
2 |
298 |
500 |
| SML--X |
Standard & Poors 600 Index |
-6.18% |
276 |
10 |
313 |
599 |
| RUI-X |
Russell 1000 Index |
-11.41% |
434 |
2 |
546 |
982 |
| RUT-X |
Russell 2000 Index |
1.45% |
937 |
17 |
910 |
1864 |
| RUA-X |
Russell 3000 Index |
-2.95% |
1372 |
19 |
1456 |
2847 |
| |
|
|
|
|
|
|
| BBH |
Biotech HOLDRS |
85.71% |
13 |
0 |
1 |
14 |
| DIA |
Diamonds Trust Series I |
-33.33% |
10 |
0 |
20 |
30 |
| HHH |
Internet HOLDRS |
-9.09% |
5 |
0 |
6 |
11 |
| IBB |
iShares Nasdaq Biotechnology Index Fund |
51.37% |
108 |
5 |
33 |
146 |
| IWM |
iShares Russell 2000 Index Fund |
1.98% |
853 |
46 |
819 |
1718 |
| IYR |
iShares Dow Jones U.S. Real Estate Index Fund |
-55.71% |
15 |
1 |
54 |
70 |
| IYT |
iShares Dow Jones Transportation Average Index Fund |
0.00% |
11 |
0 |
11 |
22 |
| IYZ |
iShares Dow Jones U.S. Telecommunications Sector Index Fund |
-20.00% |
8 |
0 |
12 |
20 |
| MDY |
SPDR Mid Cap 400 |
-3.37% |
172 |
0 |
184 |
356 |
| OIH |
Oil Services Trust HOLDRS |
84.62% |
12 |
0 |
1 |
13 |
| PPH |
Pharmaceutical HOLDRS |
-37.50% |
5 |
0 |
11 |
16 |
| QQQQ |
Nasdaq 100 Trust Series I |
-4.00% |
48 |
0 |
52 |
100 |
| RTH |
Retail HOLDRS |
-50.00% |
4 |
0 |
12 |
16 |
| SMH |
Semiconductor HOLDRS |
-33.33% |
6 |
0 |
12 |
18 |
| SPY |
SPDR 500 |
-19.50% |
175 |
1 |
260 |
436 |
| SWH |
Software HOLDRS |
-38.46% |
4 |
0 |
9 |
13 |
| TTH |
Telecom HOLDRS |
-27.27% |
4 |
0 |
7 |
11 |
| XHB |
Homebuilders HOLDRS |
-61.90% |
4 |
0 |
17 |
21 |
| XLB |
SPDR Materials |
72.41% |
25 |
0 |
4 |
29 |
| XLE |
SPDR Energy |
71.43% |
24 |
0 |
4 |
28 |
| XLF |
SPDR Financials |
-75.27% |
11 |
1 |
81 |
93 |
| XLU |
SPDR Utilities |
-28.57% |
10 |
0 |
18 |
28 |
| XLV |
SPDR Health Care |
2.04% |
25 |
0 |
24 |
49 |
| |
|
|
|
|
|
|
| MG # |
SUBINDUSTRY |
|
|
|
|
|
| MG110 |
CHEMICALS - |
57.14% |
71 |
1 |
19 |
91 |
| MG111 |
CHEMICALS - Chemicals - Major Diversified |
77.78% |
8 |
0 |
1 |
9 |
| MG112 |
CHEMICALS - Synthetics |
73.91% |
20 |
0 |
3 |
23 |
| MG113 |
CHEMICALS - Agricultural Chemicals |
73.33% |
13 |
0 |
2 |
15 |
| MG114 |
CHEMICALS - Specialty Chemicals |
38.64% |
30 |
1 |
13 |
44 |
| MG120 |
ENERGY - |
65.42% |
242 |
4 |
49 |
295 |
| MG121 |
ENERGY - Major Integrated Oil & Gas |
100.00% |
11 |
0 |
0 |
11 |
| MG122 |
ENERGY - Independent Oil & Gas |
75.27% |
81 |
1 |
11 |
93 |
| MG123 |
ENERGY - Oil & Gas Refining & Marketing |
3.70% |
14 |
0 |
13 |
27 |
| MG124 |
ENERGY - Oil & Gas Drilling & Exploration |
65.82% |
65 |
1 |
13 |
79 |
| MG125 |
ENERGY - Oil & Gas Equipment & Services |
80.39% |
45 |
2 |
4 |
51 |
| MG126 |
ENERGY - Oil & Gas Pipelines |
52.94% |
26 |
0 |
8 |
34 |
| MG130 |
METALS & MINING - |
68.45% |
138 |
7 |
23 |
168 |
| MG131 |
METALS & MINING - Steel & Iron |
71.05% |
31 |
3 |
4 |
38 |
| MG132 |
METALS & MINING - Copper |
100.00% |
6 |
0 |
0 |
6 |
| MG133 |
METALS & MINING - Aluminum |
100.00% |
7 |
0 |
0 |
7 |
| MG134 |
METALS & MINING - Industrial Metals & Minerals |
84.31% |
47 |
0 |
4 |
51 |
| MG135 |
METALS & MINING - Gold |
44.90% |
34 |
3 |
12 |
49 |
| MG136 |
METALS & MINING - Silver |
66.67% |
7 |
1 |
1 |
9 |
| MG137 |
METALS & MINING - Nonmetallic Mineral Mining |
50.00% |
6 |
0 |
2 |
8 |
| MG210 |
CONGLOMERATES - Conglomerates |
7.69% |
7 |
0 |
6 |
13 |
| MG310 |
CONSUMER DURABLES - |
0.83% |
58 |
5 |
57 |
120 |
| MG311 |
CONSUMER DURABLES - Appliances |
-33.33% |
3 |
0 |
6 |
9 |
| MG312 |
CONSUMER DURABLES - Home Furnishings & Fixtures |
0.00% |
9 |
0 |
9 |
18 |
| MG313 |
CONSUMER DURABLES - Housewares & Accessories |
0.00% |
3 |
0 |
3 |
6 |
| MG314 |
CONSUMER DURABLES - Business Equipment |
-9.52% |
9 |
1 |
11 |
21 |
| MG315 |
CONSUMER DURABLES - Electronic Equipment |
35.00% |
12 |
3 |
5 |
20 |
| MG316 |
CONSUMER DURABLES - Toys & Games |
-18.75% |
6 |
1 |
9 |
16 |
| MG317 |
CONSUMER DURABLES - Sporting Goods |
-11.11% |
4 |
0 |
5 |
9 |
| MG318 |
CONSUMER DURABLES - Recreational Goods |
0.00% |
5 |
0 |
5 |
10 |
| MG319 |
CONSUMER DURABLES - Photographic Equipment & Supplies |
27.27% |
7 |
0 |
4 |
11 |
| MG320 |
CONSUMER NON-DURABLES - |
7.41% |
83 |
8 |
71 |
162 |
| MG321 |
CONSUMER NON-DURABLES - Textile - Apparel Clothing |
8.82% |
17 |
3 |
14 |
34 |
| MG322 |
CONSUMER NON-DURABLES - Textile - Apparel Footwear & Accessories |
-21.74% |
9 |
0 |
14 |
23 |
| MG323 |
CONSUMER NON-DURABLES - Rubber & Plastics |
0.00% |
11 |
1 |
11 |
23 |
| MG324 |
CONSUMER NON-DURABLES - Personal Products |
-5.26% |
8 |
2 |
9 |
19 |
| MG325 |
CONSUMER NON-DURABLES - Paper & Paper Products |
32.14% |
18 |
1 |
9 |
28 |
| MG326 |
CONSUMER NON-DURABLES - Packaging & Containers |
28.57% |
13 |
1 |
7 |
21 |
| MG327 |
CONSUMER NON-DURABLES - Cleaning Products |
33.33% |
4 |
0 |
2 |
6 |
| MG328 |
CONSUMER NON-DURABLES - Office Supplies |
-25.00% |
3 |
0 |
5 |
8 |
| MG330 |
AUTOMOTIVE - |
6.06% |
35 |
0 |
31 |
66 |
| MG331 |
AUTOMOTIVE - Auto Manufacturers - Major |
40.00% |
7 |
0 |
3 |
10 |
| MG332 |
AUTOMOTIVE - Trucks & Other Vehicles |
55.56% |
7 |
0 |
2 |
9 |
| MG333 |
AUTOMOTIVE - Recreational Vehicles |
-60.00% |
2 |
0 |
8 |
10 |
| MG334 |
AUTOMOTIVE - Auto Parts |
2.70% |
19 |
0 |
18 |
37 |
| MG340 |
FOOD & BEVERAGE - |
21.85% |
71 |
3 |
45 |
119 |
| MG341 |
FOOD & BEVERAGE - Food - Major Diversified |
14.29% |
4 |
0 |
3 |
7 |
| MG342 |
FOOD & BEVERAGE - Farm Products |
38.46% |
8 |
2 |
3 |
13 |
| MG343 |
FOOD & BEVERAGE - Processed & Packaged Goods |
46.51% |
31 |
1 |
11 |
43 |
| MG344 |
FOOD & BEVERAGE - Meat Products |
-38.46% |
4 |
0 |
9 |
13 |
| MG345 |
FOOD & BEVERAGE - Dairy Products |
66.67% |
5 |
0 |
1 |
6 |
| MG346 |
FOOD & BEVERAGE - Confectioners |
-66.67% |
1 |
0 |
5 |
6 |
| MG347 |
FOOD & BEVERAGE - Beverages - Brewers |
50.00% |
6 |
0 |
2 |
8 |
| MG348 |
FOOD & BEVERAGE - Beverages - Wineries & Distilleries |
-14.29% |
3 |
0 |
4 |
7 |
| MG349 |
FOOD & BEVERAGE - Beverages - Soft Drinks |
12.50% |
9 |
0 |
7 |
16 |
| MG350 |
TOBACCO - |
0.00% |
5 |
0 |
5 |
10 |
| MG351 |
TOBACCO - Cigarettes |
0.00% |
3 |
0 |
3 |
6 |
| MG352 |
TOBACCO - Tobacco Products |
0.00% |
2 |
0 |
2 |
4 |
| MG410 |
BANKING - |
-19.83% |
221 |
39 |
340 |
600 |
| MG411 |
BANKING - Money Center Banks |
-23.08% |
15 |
0 |
24 |
39 |
| MG412 |
BANKING - Regional - Northeast Banks |
-8.74% |
43 |
8 |
52 |
103 |
| MG413 |
BANKING - Regional - Mid-Atlantic Banks |
-7.00% |
43 |
7 |
50 |
100 |
| MG414 |
BANKING - Regional - Southeast Banks |
-24.49% |
17 |
3 |
29 |
49 |
| MG415 |
BANKING - Regional - Midwest Banks |
-62.71% |
10 |
2 |
47 |
59 |
| MG416 |
BANKING - Regional - Southwest Banks |
-41.94% |
8 |
2 |
21 |
31 |
| MG417 |
BANKING - Regional - Pacific Banks |
-19.40% |
25 |
4 |
38 |
67 |
| MG418 |
BANKING - Foreign Regional Banks |
37.50% |
11 |
0 |
5 |
16 |
| MG419 |
BANKING - Savings & Loans |
-18.38% |
49 |
13 |
74 |
136 |
| MG420 |
FINANCIAL SERVICES - |
34.14% |
896 |
43 |
429 |
1368 |
| MG421 |
FINANCIAL SERVICES - Investment Brokerage - National |
-57.89% |
4 |
0 |
15 |
19 |
| MG422 |
FINANCIAL SERVICES - Investment Brokerage - Regional |
-68.18% |
3 |
1 |
18 |
22 |
| MG423 |
FINANCIAL SERVICES - Asset Management |
-25.71% |
13 |
0 |
22 |
35 |
| MG424 |
FINANCIAL SERVICES - Diversified Investments |
28.26% |
55 |
8 |
29 |
92 |
| MG425 |
FINANCIAL SERVICES - Credit Services |
-9.09% |
20 |
0 |
24 |
44 |
| MG426 |
FINANCIAL SERVICES - Closed End Fund - Debt |
57.58% |
356 |
16 |
90 |
462 |
| MG427 |
FINANCIAL SERVICES - Closed End Fund - Equity |
22.87% |
359 |
18 |
222 |
599 |
| MG428 |
FINANCIAL SERVICES - Closed End Fund - Foreign |
81.05% |
86 |
0 |
9 |
95 |
| MG430 |
INSURANCE - |
-19.89% |
68 |
5 |
103 |
176 |
| MG431 |
INSURANCE - Life Insurance |
0.00% |
15 |
2 |
15 |
32 |
| MG432 |
INSURANCE - Accident & Health Insurance |
8.33% |
6 |
1 |
5 |
12 |
| MG433 |
INSURANCE - Property & Casualty Insurance |
-21.57% |
39 |
2 |
61 |
102 |
| MG434 |
INSURANCE - Surety & Title Insurance |
-60.00% |
3 |
0 |
12 |
15 |
| MG435 |
INSURANCE - Insurance Brokers |
-33.33% |
5 |
0 |
10 |
15 |
| MG440 |
REAL ESTATE - |
-30.58% |
70 |
3 |
133 |
206 |
| MG441 |
REAL ESTATE - REIT - Diversified/Industrial |
-66.67% |
5 |
0 |
25 |
30 |
| MG442 |
REAL ESTATE - REIT - Office |
-75.00% |
1 |
0 |
7 |
8 |
| MG443 |
REAL ESTATE - REIT - Healthcare Facilities |
-20.00% |
|