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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (28317)9/20/2000 2:03:38 AM
From: Johnny Canuck  Read Replies (2) | Respond to of 70620
 
Dow 10789.29 -19.23 (-0.18%)
Nasdaq 3865.64 +139.12 (+3.73%)
S&P 500 1459.90 +15.39 (+1.07%)
30-Yr Bond 5.914% -0.042
NYSE Volume 962,510,000
Nasdaq Volume 1,707,766,000

EPC = 0.52

EPC indicates a good deal of caution. This is a good back drop to get a sustained rally from. I still expect a pullback tomorrow to consolidate gains.

Good participation, not just the typical leaders like AMCC, NT, JNPR. Also getting participation in laggards like RBAK, SCMR, FNSR. Third tier stocks like KOPN, IIVI, HEII yet to participate but if this rally is for real they will soon.
Retaliers reasonably stocks despite weak forward outlook for the sector.

TYX is now above the 200 day EMA. Typically this has been a signal to be out of the market as interest rate on 30 year bonds would be in a strong uptrend. Strong DJ15 is discounting this though. Unfortunately, DJ20 is still in low end of the range so no new high in the DOW is in the offing. Indication are for a range bound market.



RETAIL 8 +1.9% Edit Delete Compare
SOFTWARE1 13 +4.9% Edit Delete Compare
DSL 6 +2.6% Edit Delete Compare
DWDM 13 +7.5% Edit Delete Compare
Financials1 7 +1.6% Edit Delete Compare
Carriers1 6 -0.8% Edit Delete Compare
Telecom Construction1 5 +1.3% Edit Delete Compare
networkers1 5 +5.4% Edit Delete Compare
Contract Manufacturers 5 +3.1% Edit Delete Compare
Telecom Equipment 18 +6.7% Edit Delete Compare
Tier 2, D-WDM 15 +3.8% Edit Delete Compare
Broadband Cable 1 8 +2.0% Edit Delete Compare
DOW 10 -0.6% Edit Delete Compare
XML 15 +1.3% Edit Delete Compare
Internet Security 20 +3.7% Edit Delete Compare
Supercoductors 5 +1.2% Edit Delete Compare
Bull Sector-optical 84 +4.1% Edit Delete Compare
Satellite Stocks1 3 +1.5% Edit Delete Compare
Strong Stocks March 16 Correction 22 +6.4% Edit Delete Compare
Biotechs 9 +4.1% Edit Delete Compare
CHIP EQUIPMENT 13 +7.7% Edit Delete Compare
CHIPS1 22 +7.7% Edit Delete Compare
MEMS 2 +0.2% Edit Delete Compare
April 11 strong stocks1 16 +8.3% Edit Delete Compare
Day Traders 12 +3.4% Edit Delete Compare
Genomics 9 +2.4% Edit Delete Compare
Incubators 8 +1.8% Edit Delete Compare
Internet Sector 14 +3.6% Edit Delete Compare
Flat Panel Displays 4 +8.2% Edit Delete Compare
E-Gaming stocks 4 +2.8% Edit Delete Compare
Stocks pulling back on below avg vol 42 +7.4% Edit Delete Compare
Bottoming List 10 +6.5% Edit Delete Compare