April 21, 2008
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Apr 21, 2008 - Issue #107
Bear Market Still?
Bear market still? Not according to the folks at CNBC but check the volume. Not exactly what one would expect from a bull market bursting with enthusiasm.
Can the market maintain an advance in the face of rising oil? Airlines have already answered that question in the negative. Are other industries immune? If not, sell the rallies.
Is KO poised for a significant decline?
Dow score card for the week ending 4/18/08.
DJ-30: 12849.38 +523.94 +4.25%. The Real World (arithmetical) DJ-30: 52.60 +2.14 +4.25%.
UP: 27, Down: 3.
Trends (weekly charts): This is the subjective part.
Rising (Generally Higher Highs/Higher Lows) 15 (+11) 50%:
+*AIG, +*C, +*CAT, CVX, +*DD, +*HPQ, +*IBM, +*INTC, JNJ, +*MCD, +*MMM, +*MSFT, +*UTX, WMT, +*XOM.
Consolidating (Generally Lower Highs/Higher Lows) 13 (-12) 43%:
AA, AXP, -*BA, BAC, DIS, +*GE, GM, HD, JPM, MRK, PFE, T, VZ.
Declining (Generally Lower Highs/Lower Lows) 2 (+1) 7%:
-*KO, -*PG.
+/- denotes change of direction.
* denotes change of category.
Comments? Ideas? Feedback? Let me have it, right between the eyes! I'd love to hear from you. Just reply to this zine and tell me what you think!