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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (18468)	6/24/1999 4:49:00 PM
From: Benkea	Read Replies (1) \| Respond to of 99985

I don't follow money supply too much, so is this significant? biz.yahoo.com

To: James F. Hopkins who wrote (18468)	6/24/1999 4:54:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

* US TSY MKT SOFT; SOME BARGAIN HUNTING BUT SENTIMENT NEGATIVE 14:20 EDT 06/24 NEW YORK (MktNews) - U.S. Treasuries held a heavy tone midafternoon Thursday in thin volume as decent bottom fishing kept the market from edging lower, sources said. Traders said the session's thin volume was significant. One trader said there is no real volume in any specific contract. Dealers continued to refer to the market as a "buyers' strike." "There are no natural buyers right now. Whatever paper comes in, there is no room for it," said a trader at a primary dealer. Earlier, sources reported a lot of selling of euroland bonds but market players wondered where the money was re-allocated. At the same time, hedge funds were said to be meeting redemptions and therefore the proceeds for the sale of eurobonds were not going into Treasuries. Analysts expected sentiment to continue to be negative as concerns about a Federal Reserve rate hike pressured the market. The Fed Open Market Committee is scheduled to meet June 29-30. Michael Moran, chief economist at Daiwa Securities, expected the Fed to increase short term rates 25 basis points next week with "another move in August." GovPX posted volume of $49.3 billion at 1:36 p.m. EDT. The yield on the 30-year bond was 6.195% at 1:34 p.m. EDT compared with 6.162% at 11:27 a.m. EDT. * GROUP OF US HILL DEMOCRATS SET TO URGE FED NOT TO HIKE RATES 12:43 EDT 06/24 --Senior Democrats on House Banking Committee, Joint Economic Panel Set to Urge Fed Not to Act Preemptively --Democrats May Be Seeking to Prevent Second Round of Tightening in August By John Shaw WASHINGTON (MktNews) - A group of House Democrats will hold a briefing Thursday afternoon to urge the Federal Reserve's Open Market Committee not to increase interest rates in its coming meeting. However, the group's real goal may be to prevent a possible second tightening move by the Fed later this summer. Several senior Democrats on the House Banking panel will be joined at the briefing by AFL-CIO President John Sweeney and NAACP President Kweisi Mfume. The ranking Democrat on the House Banking panel, Rep. John LaFalce, will be joined at the briefing by other top Democrats on the panel such as Rep. Bruce Vento and Rep. Barney Frank as well as Rep. Pete Stark, the senior Democrat on the Joint Economic Committee. The Democratic lawmakers are likely to echo arguments offered last week by Sen. Tom Harkin, a Democrat from Iowa. In a letter to Federal Reserve Chairman Alan Greenspan, Harkin urged him to "continue the progressive monetary policy the FOMC has been following." "Mr. Chairman, please do not change your current policy of waiting until real signs of inflation appear in the economy before raising interest rates," Harkin said to Greenspan. "Raising short term interest rates at this point would be premature and could have very negative effects not only on the U.S. economy, but on the economies of several struggling economies around the world," he added. The Federal Reserve's Open Market Committee is scheduled to meet on June 29 and June 30 and is expected to increase the federal funds target rate by at least 25 basis points from the current level of 4.75%. There is considerable speculation that a second round of tightening could occur at the FOMC's August meeting.

To: James F. Hopkins who wrote (18468)	6/24/1999 5:34:00 PM
From: Haim R. Branisteanu	Respond to of 99985

Analysis of end of Day Closing prices and recommendations in Rubins & Uncle Al Tulips Market - Prepare for a reflex rally This is the most effective list, but validate signals. Results are relative to the SPX and move relative to the SPX - Haim see more data & info at bway.net it is recommended Today is 06/24/99 Remember this is a computer scan only S&P Closed 1315.78 Important observation - with oil above $18 S&P Change -17.280 Oil stocks drifting lower - are they predicting lower oil prices???? Recomandation Price Stoch. RSI RSI RS Change ROC% BUY SIGNAL ON AMGN 55.688 20.136 44 9 14 SELL SIGNAL ON BDK 60.188 87.770 61 -4 -68 SELL SIGNAL ON BGEN 114.125 75.564 55 -5 -12 SELL SIGNAL ON CA 50.750 80.392 59 -1 -1369 SELL SIGNAL ON GENZ 51.938 88.182 68 1 -375 BUY SIGNAL ON GT 56.625 18.016 40 0 53 BUY SIGNAL ON KO 62.688 12.593 38 4 4 SELL SIGNAL ON MXF 16.625 77.966 50 -6 -8 SELL SIGNAL ON SGI 14.438 82.069 60 -16 -90 SELL SIGNAL ON WFC 41.875 87.356 54 -3 -2 SELL SIGNAL ON IRF 12.375 80.000 62 -4 -596 CURR PREV CURR STOCH TICKER NAME CLOSE CLOSE Vol % %K %D RSI ------------------------ ------- ------- ------- ------- ------- ------- ADBE ADBE 84.688 87.875 94.809% 91.275 90.636 66.465 * RSI SELL AMGN AMGN 55.688 53.250 110.282% 20.136 15.643 44.074 * STOCH BUY BDK BDK 60.188 60.938 135.738% 87.770 88.001 61.989 * STOCH SELL BGEN BGEN 114.125 116.875 61.241% 75.564 78.953 55.454 * STOCH SELL BKB BKB 47.812 49.188 102.915% 73.504 80.466 48.631 * STOCH SELL CA CA 50.750 51.000 70.345% 80.392 83.076 59.649 * STOCH SELL CHK CHK 2.438 2.250 149.477% 66.667 54.416 64.971 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE CRF CRF 11.625 11.438 506.343% 87.302 88.620 67.804 * VOLUME BREAKOUT 506.343 PERCENT OVER LAST 30 DAYS CRUS CRUS 9.188 9.500 64.400% 74.497 76.972 64.474 * RSI SELL CUM CUM 58.125 56.000 190.283% 82.169 83.011 69.265 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE DH DH 64.375 64.562 74.308% 78.161 79.716 54.572 * STOCH SELL DSCP DSCP 31.000 28.969 172.039% 91.887 92.089 72.106 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE EK EK 69.750 71.250 76.847% 71.053 79.735 43.064 * STOCH SELL GENZ GENZ 51.938 51.000 220.004% 88.182 89.375 68.540 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE * STOCH SELL GM GM 63.250 61.875 113.767% 18.575 18.391 39.584 * STOCH BUY GT GT 56.625 56.625 275.543% 18.016 16.541 40.591 * STOCH BUY HD HD 60.062 61.000 91.814% 81.481 86.572 52.375 * STOCH SELL HIT HIT 89.812 85.250 224.390% 82.031 84.797 73.379 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE STK STK 19.188 18.250 244.626% 23.729 21.655 47.537 * STOCH BUY IVX IVX 14.250 14.188 106.984% 93.182 85.173 65.202 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE JNJ JNJ 91.625 90.500 85.975% 23.120 20.779 48.975 * STOCH BUY KO KO 62.688 61.750 152.250% 12.593 10.761 38.887 * STOCH BUY KYO KYO 59.125 57.250 371.526% 68.613 65.987 58.410 * VOLUME BREAKOUT 371.526 PERCENT OVER LAST 30 DAYS LSI LSI 43.938 46.188 97.711% 87.129 90.282 59.384 * STOCH SELL * RSI SELL LU LU 63.938 65.688 138.094% 77.261 81.099 58.085 * STOCH SELL MXF MXF 16.625 17.188 38.958% 77.966 83.754 50.473 * STOCH SELL NOVL NOVL 24.562 24.938 78.107% 78.151 81.511 54.958 * STOCH SELL ORCL ORCL 35.688 35.125 95.524% 90.432 88.643 71.123 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE SGI SGI 14.438 15.750 186.902% 82.069 83.503 60.200 * STOCH SELL * RSI SELL SNE SNE 105.188 106.750 87.138% 84.567 89.764 65.907 * RSI SELL TMX TMX 75.750 78.125 123.833% 70.192 77.670 46.955 * STOCH SELL TXN TXN 132.750 138.812 117.344% 81.688 86.124 61.394 * RSI SELL WFC WFC 41.875 42.375 122.662% 87.356 89.430 54.268 * STOCH SELL PFE PFE 101.500 98.688 84.185% 23.009 20.479 44.277 * STOCH BUY PIXR PIXR 45.188 48.875 664.012% 73.715 79.771 52.361 * VOLUME BREAKOUT 664.012 PERCENT OVER LAST 30 DAYS AVX AVX 25.938 26.250 85.738% 69.734 72.020 67.798 * RSI SELL IRF IRF 12.375 12.688 61.765% 80.000 84.516 62.398 * STOCH SELL ELBTF ELBTF 10.312 9.000 475.490% 84.483 85.153 74.802 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE * VOLUME BREAKOUT 475.490 PERCENT OVER LAST 30 DAYS ESCMF ESCMF 6.375 6.812 435.334% 71.667 70.232 58.008 * VOLUME BREAKOUT 435.334 PERCENT OVER LAST 30 DAYS CBS CBS 42.500 42.938 67.688% 77.987 79.937 49.123 * STOCH SELL KF KF 14.062 14.500 91.130% 87.368 90.068 62.045 * STOCH SELL KEA KEA 23.500 26.750 517.022% 33.962 40.914 34.674 * VOLUME BREAKOUT 517.022 PERCENT OVER LAST 30 DAYS