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

To: Benkea who wrote (18971)	6/30/1999 5:51:00 PM
From: Haim R. Branisteanu	Respond to of 99985

Analysis of end of Day Closing prices and recommendations in Rubins & Uncle Al Tulips Market - Oil above $19 and metals are up Utilities and Transports down 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 Today is 06/30/99 Remember this is a computer scan only S&P Closed 1372.66 See who had big volume today S&P Change 21.210 Recomandation Price Stoch. RSI RSI RS Change ROC% SELL SIGNAL ON ADBE 82.156 84.789 57 -11 -22 BUY SIGNAL ON CNC 30.438 24.444 47 13 7 SELL SIGNAL ON DH 65.000 83.969 53 -11 -9 BUY SIGNAL ON GTK 23.562 13.725 40 9 30 BUY SIGNAL ON JCP 48.562 20.126 45 2 14 BUY SIGNAL ON KO 62.000 15.000 39 4 6 SELL SIGNAL ON LSI 46.125 78.425 65 0 -5 BUY SIGNAL ON TKR 19.500 24.603 43 3 41 BUY SIGNAL ON TX 62.375 28.571 46 4 185 BUY SIGNAL ON WDC 6.500 10.526 37 4 2 BUY SIGNAL ON JBL 45.125 16.812 47 4 7 BUY SIGNAL ON EBAY 151.000 29.635 46 6 0 BUY SIGNAL ON KEA 22.625 20.539 35 -4 63 CURR PREV CURR STOCH TICKER NAME CLOSE CLOSE Vol % %K %D RSI ------------------------ ------- ------- ------- ------- ------- ------- ADBE ADBE 82.156 87.500 112.349% 84.789 85.462 57.235 * STOCH SELL AIG AIG 117.250 121.688 354.721% 76.157 80.949 46.457 * VOLUME BREAKOUT 354.721 PERCENT OVER LAST 30 DAYS * STOCH SELL QQQ QQQ 115.250 113.500 171.258% 82.698 79.221 63.195 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE BDK BDK 63.125 61.875 177.424% 93.392 90.851 71.276 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE BGEN BGEN 64.312 63.688 101.244% 85.191 80.612 71.113 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE BMCS BMCS 54.000 53.062 82.984% 95.946 90.086 68.289 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE BMY BMY 70.438 69.125 155.677% 86.760 78.820 60.053 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE CSCO CSCO 64.312 62.500 118.860% 93.355 91.322 65.848 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE CA CA 54.750 54.500 85.303% 94.286 90.079 69.751 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE CMB CMB 86.500 82.625 151.539% 92.810 87.278 67.610 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE CNC CNC 30.438 29.188 193.555% 24.444 17.727 47.883 * STOCH BUY CHK CHK 2.938 2.688 172.040% 89.474 84.279 76.014 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE CRF CRF 11.625 11.625 82.597% 90.323 91.870 65.419 * STOCH SELL DH DH 65.000 68.688 163.997% 83.969 84.485 53.229 * STOCH SELL GLX GLX 56.625 55.438 308.697% 21.865 19.679 45.864 * VOLUME BREAKOUT 308.697 PERCENT OVER LAST 30 DAYS GPS GPS 50.375 48.750 102.781% 92.116 85.050 71.003 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE GTE GTE 75.500 71.000 280.498% 86.702 81.477 72.190 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE GTK GTK 23.562 22.812 123.720% 13.725 12.103 40.304 * STOCH BUY GYMB GYMB 10.500 10.000 56.141% 18.584 15.718 44.539 * STOCH BUY HD HD 64.438 64.000 104.879% 98.168 91.468 65.323 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE HIT HIT 94.438 92.812 165.152% 96.241 93.489 76.060 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE HWP HWP 100.500 97.375 110.899% 99.192 87.799 66.626 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE STK STK 22.750 23.750 222.710% 84.030 76.151 66.180 * RSI SELL ISL ISL 14.938 15.000 713.842% 69.231 68.432 59.121 * VOLUME BREAKOUT 713.842 PERCENT OVER LAST 30 DAYS JCP JCP 48.562 48.125 73.177% 20.126 17.144 45.513 * STOCH BUY KLAC KLAC 64.875 61.688 115.435% 90.052 83.682 70.633 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE KO KO 62.000 61.188 206.645% 15.000 12.457 39.264 * STOCH BUY KSS KSS 76.875 76.000 143.069% 92.510 88.751 68.088 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE LSI LSI 46.125 46.188 92.072% 78.425 80.631 65.036 * STOCH SELL LTD LTD 45.375 45.312 729.546% 34.810 23.536 47.319 * VOLUME BREAKOUT 729.546 PERCENT OVER LAST 30 DAYS LU LU 67.438 66.625 178.921% 93.512 89.123 64.818 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE MSFT MSFT 90.188 88.000 135.138% 91.326 83.948 66.236 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE NKE NKE 63.375 64.125 139.594% 90.417 91.142 58.805 * STOCH SELL NOVL NOVL 26.500 27.000 130.672% 93.299 91.864 64.910 * RSI SELL OSSI OSSI 39.312 39.000 176.023% 87.500 82.474 66.154 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE SGI SGI 16.375 16.250 181.848% 85.246 79.126 71.073 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE SNE SNE 110.375 108.188 75.846% 82.362 77.747 72.362 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE SPYG SPYG 20.125 19.375 309.684% 87.879 80.403 62.632 * VOLUME BREAKOUT 309.684 PERCENT OVER LAST 30 DAYS SUNW SUNW 68.875 66.500 108.554% 86.765 81.389 62.438 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE TKF TKF 7.125 6.625 77.615% 29.630 20.444 49.965 * STOCH BUY TKR TKR 19.500 19.188 586.449% 24.603 20.107 43.554 * VOLUME BREAKOUT 586.449 PERCENT OVER LAST 30 DAYS * STOCH BUY TRF TRF 17.625 17.188 142.734% 80.000 77.118 75.770 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE TXN TXN 144.000 139.812 128.913% 93.519 88.901 70.872 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE VOD VOD 197.000 197.500 302.326% 15.717 24.388 44.100 * VOLUME BREAKOUT 302.326 PERCENT OVER LAST 30 DAYS VSH VSH 21.000 20.688 106.459% 89.761 88.350 76.541 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE WFC WFC 42.750 44.000 272.410% 87.671 89.992 56.042 * STOCH SELL WMS WMS 17.000 15.750 266.731% 81.651 78.329 69.681 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE KMET KMET 22.938 22.688 79.733% 90.000 87.341 85.409 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE IRF IRF 13.312 13.000 112.078% 90.826 82.799 68.093 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE IBM IBM 129.500 124.625 115.201% 78.294 74.907 70.696 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE WDC WDC 6.500 6.312 125.443% 10.526 8.139 37.478 * STOCH BUY ERC ERC 14.125 14.375 111.422% 91.803 90.245 67.216 * RSI SELL GLM GLM 15.500 14.500 219.746% 32.323 22.990 56.453 * STOCH BUY KF KF 14.875 14.625 77.073% 99.029 94.759 69.727 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE ALA ALA 28.375 27.812 1621.66% 84.456 80.196 67.426 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE * VOLUME BREAKOUT 1621.66 PERCENT OVER LAST 30 DAYS SII SII 43.438 41.562 181.218% 19.403 15.096 48.883 * STOCH BUY LEH LEH 62.125 58.875 260.384% 76.252 62.112 63.712 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE JBL JBL 45.125 43.375 146.058% 16.812 13.479 47.621 * STOCH BUY WCOM WCOM 86.062 93.625 623.430% 45.011 54.843 41.477 * VOLUME BREAKOUT 623.430 PERCENT OVER LAST 30 DAYS KEA KEA 22.625 24.000 460.675% 20.539 19.159 35.496 * VOLUME BREAKOUT 460.675 PERCENT OVER LAST 30 DAYS * STOCH BUY XLE XLE 28.031 27.625 67.862% 21.596 16.019 50.395 * STOCH BUY XLK XLK 40.469 39.938 91.675% 89.896 82.289 63.964 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE NOK NOK 91.562 88.375 127.847% 76.820 70.495 69.733 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE

To: Benkea who wrote (18971)	7/1/1999 10:24:00 AM
From: Les H	Read Replies (1) \| Respond to of 99985

Fed Lifts Rates 25 Basis Points, But Removes Tightening Bias As widely anticipated, the Federal Open Market Committee raised its key target for the federal funds rate by 25 basis points to 5.0% at the conclusion of today's policy meeting. It left the largely symbolic discount rate steady at 4.5%. The rational for the move appears simply to take back part of the 75-basis-points rate cut of the fall because the motivation for easing – capital market turmoil and weak external demand – no longer applies. The Fed's press release said that the "full degree [of the fall easing] is judged no longer necessary." Much to the surprise of financial markets, the Fed switched its policy bias for the inter-meeting period from tightening to neutral. The symmetrical directive reflects "no predilection about near-term policy actions." In our view, this does not imply that further rate hikes are deemed unnecessary. In fact, the Fed usually switches to a neutral bias after raising rates, a pattern adhered to at the previous five FOMC meetings in which rates were actually raised. The neutral directive simply means that the Fed sees little need to adjust rates prior to the next meeting on August 24. This is consistent with Greenspan's June 18 speech when he alluded to the need for "modest" pre-emptive actions. However, a neutral bias does give the Fed a little more wiggle room than a tightening bias. The Fed can pass-up on a rate hike at the August meeting should the upcoming data point to slower growth. As a result, the Fed's neutral bias, coupled with a sense that Greenspan is not predisposed to unwinding all of the fall easing, dampens slightly the odds of a rate hike in August. Despite the removal of the tightening bias, the press release suggested that the Fed still thinks the longer-term risks are skewed towards higher inflation. It noted that policymakers "must be especially alert to the emergence, or potential emergence, of inflationary forces." In our view, growth is unlikely to slow significantly to ease the Fed's concern about an eventual outbreak of inflation. Therefore, we believe rates will be upped again at the August meeting. Following the August meeting, we expect the Fed to tighten a further 75 basis points before the middle of 2000. In our view, growth will continue at a 3%-plus clip this year, above the Fed's presumed inflation-safe pace, putting further pressure on labour resources. In response to tight labour markets and an unwinding of special factors that have damped prices in recent years, inflation is expected to rise about one percentage point in the year ahead. Financial markets rallied on news that the Fed had removed its tightening bias. Yields on 2-year Treasuries dropped 14 basis points, while rates on 3-month issues eased 6 basis points. The Dow swung from down 45 to up 122 by 3:00 p.m. EDT. In Canada, money market rates plunged and the Canadian dollar soared following the Fed's announcement. The currency strengthened from C$1.4700 to C$1.4620 by late afternoon. The stronger currency eliminates any chance of a rate hike by the Bank of Canada in the near term. bmo.com