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


To: pater tenebrarum who wrote (35279)12/16/1999 8:44:00 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 99985
 
Bonds dipped on teh news but the Futures aren't doing anything as I guess inflation is a good thing in this new paradigm...

Alert: U.S. Jobless Claims Fell to 266,000 Dec 11 Wk From Rev 295,000 Prior Wk (options)
biz.yahoo.com

Alert: Us Oct Trade Deficit Record $25.94 Bln, Rev Sept Deficit $24.15 Bln ($24.41 Bln) (options)
biz.yahoo.com

Alert: U.S. 4-wk Average Fell to 282,000 Dec 11 Wk From Rev 287,250 Prior Wk (options)
biz.yahoo.com

Alert: U.S. Jobless Claims Lowest Since 266,000 in Dec 8, 1973 Week (options
biz.yahoo.com

Alert: U.S, Claims Below 300,000 for Tenth Straight Wk, Longest Since July'72-dec'73 (options)
biz.yahoo.com

Good Luck,

Lee



To: pater tenebrarum who wrote (35279)12/16/1999 10:14:00 AM
From: Les H  Read Replies (2) | Respond to of 99985
 
Favors makes his analysis case based on the Dow. I thought the Nasdaq looked similar
to the run in 1991. It had a big run up at the end of the year and sold off in
January/February. It had a dome then also and fell back to the base in October as
in the 3 peaks and the dome pattern.

Market Breadth

percent of stocks up percent of stocks above MA
sector 5 da 1 mo 3 mo 1 yr 10 21 50 200
---------------------- ---- ---- ---- ---- -- -- -- ---
Aerospace/Defense 45 43 17 21 45 45 36 17
Apparel (incl Retail) 40 37 31 48 42 36 33 29
Automotive 32 24 15 29 32 27 24 22
Banks 27 9 33 28 19 12 19 23
Biotechnology 59 76 69 74 56 66 74 76
Building/Construction 35 29 20 27 37 30 33 16
Chemical 48 44 35 46 52 52 54 27
Commercial Services 48 58 53 47 53 55 63 51
Computer Equipment 40 63 66 72 49 59 77 72
Consumer Nondurable 46 44 44 32 44 41 46 32
Drug (excl Biotech) 39 37 50 47 36 31 43 40
Electronics (incl Semi) 32 55 68 80 38 45 71 78
Environmental 27 41 32 18 27 32 36 23
Financial (incl S&L) 31 22 38 46 25 27 30 29
Foods 26 22 23 22 20 12 22 19
Healthcare 37 38 36 37 41 36 48 34
Household Products 38 43 35 35 35 35 43 28
Insurance 24 18 34 20 19 16 26 27
Internet 41 63 78 69 42 50 72 65
Leisure 31 39 41 48 36 36 39 38
Machinery 40 43 29 39 35 39 39 27
Media 54 71 69 82 65 76 76 69
Metals 44 43 40 55 45 46 45 45
Oil & Gas (incl Gold) 42 15 13 66 45 19 27 34
Paper Products & Pkg 56 40 38 54 56 52 60 40
Real Estate 26 9 4 10 22 14 13 3
Retail 41 37 34 41 33 32 38 29
Semiconductors 27 54 77 92 28 42 79 89
Software 49 82 80 75 55 74 88 80
Telecommunications 47 69 75 80 49 59 75 79
Transportation 39 33 35 39 39 39 43 25
Utilities 27 16 25 25 22 20 22 27