Next Day's Advance Market Decisions: August 2005

Wednesday, August 31, 2005

Time To Buy Biotech And Drug Stocks

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Tuesday August 30, 2005: DJIA closed 10,412.82 down -50.23

Before the U. S. Stock Market Opening
Wednesday August 31 Stock Market Forecast
DJIA Probability of Being "Up" Wednesday: 58%

Market Comment: The DJIA trend and momentum statistics turned down Tuesday, but the index closed above 10,400. The widely followed index is attempting to gain support at this level. This level should hold and provide a buying opportunity. The MktMetrics DJIA forecast is a 58% probability to be "Up" Wednesday. The recent rise in the widely followed ETF's as seen below, illustrates the smart money is beginning to accumulate stocks in preparation of a move up. During the next few months, it is especially favorable to own Biotech and Drug stocks.

Index Statistics: Above 50% Bullish - Below 50% Bearish
DJIA Probability of Being "Up" Wednesday: 58%
Trend: Falling Today 16% vs. Yesterday 19% (High 77% / Low 16%)
Momentum: Falling Today 48% vs. Yesterday 52% (High 55% / Low 45%)
DJIA Outlook: Bearish Falling 36% vs. Yesterday 38% (High 60% / Low 36%)

Stock Market Outlook: Bullish Falling 62.3% vs. Yesterday 65.3% (High 88.8% / Low 58.8%) (DJIA, S&P500, Russell 2000 & NASDAQ 100) Aggregate)

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ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Rising Today -21% vs. Yesterday -25% (High 47% / Low -37%)
SPY: Rising Today -20% vs. Yesterday -22% (High 56% / Low -38%)
MDY: Falling Today -23% vs. Yesterday -17% (High 65% / Low -33%)
IWM: Rising Today -11%% vs. Yesterday -13% (High 47% / Low -21%)
QQQQ: Rising Today -13% vs. Yesterday -17% (High 54% / Low -27%)
IDU: Rising Today 05%% vs. Yesterday -10% (High 61% / Low -30%)

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Tuesday, August 30, 2005

DJIA Trend And Momentum Reverse Course

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Monday August 29, 2005: DJIA closed 10,463.05 up +65.76

Before the U. S. Stock Market Opening
Tuesday August 30 Stock Market Forecast
DJIA Probability of Being "Up" Tuesday: 13%

Market Comment: The DJIA trend and momentum statistics turned up during Monday's trading. While the DJIA is weak and the outlook remains bearish, it now becomes apparent that the venerable average is attempting to strengthen. The DJIA support level of 10,400 has resurfaced and should now hold for the interim. The DJIA forecast has only a 13% probability of being up Tuesday. However, this should present a buying opportunity to accumulate stocks you have been interested in, but waited for the DJIA trend to reverse itself.

Index Statistics: Above 50% Bullish - Below 50% Bearish
DJIA Probability of Being "Up" Tuesday: 13%
Trend: Rising Today 19% vs. Yesterday 16% (High 77% / Low 16%)
Momentum: Rising Today 52% vs. Yesterday 45% (High 55% / Low 45%)
DJIA Outlook: Bearish Falling 37% vs. Yesterday 38% (High 60% / Low 37%)

Stock Market Outlook: Bullish Rising 65.3% vs. Yesterday 58.8% (High 88.8% / Low 58.8%) (DJIA, S&P500, Russell 2000 & NASDAQ 100) Aggregate)

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ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Rising Today -25% vs. Yesterday -37% (High 47% / Low -37%)
SPY: Rising Today -22% vs. Yesterday -38% (High 56% / Low -38%)
MDY: Rising Today -17% vs. Yesterday -33% (High 65% / Low -33%)
IWM: Rising Today -13%% vs. Yesterday -21% (High 47% / Low -21%)
QQQQ: Rising Today -17% vs. Yesterday -27% (High 54% / Low -27%)
IDU: Rising Today -10%% vs. Yesterday -18% (High 61% / Low -30%)

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Saturday, August 27, 2005

Monday Should Yield To More Selling Pressure

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Friday August 26, 2005: DJIA closed 10,397.29 down -53.34

Before the U. S. Stock Market Opening
Monday August 29 Stock Market Forecast
DJIA Probability of Being "Up" Monday: 68%

Market Comment: The DJIA trend and momentum statistics are weak and the outlook remains bearish. The DJIA support level of 10,400 has been broken and the next level of support is 10,250. The important key moving averages have been decisively broken and the Nasdaq Composite continues to lack sponsorship. Before committing new capital, wait for the DJIA trend to reverse its declining momentum. Monday should yield to more selling pressure.

Index Statistics: Above 50% Bullish - Below 50% Bearish
DJIA Probability of Being "Up" Monday: 68%
Trend: Falling Today 16% vs. Yesterday 26% (High 77% / Low 16%)
Momentum: Falling Today 45% vs. Yesterday 48% (High 55% / Low 45%)
DJIA Outlook: Bearish Falling 38% vs. Yesterday 41% (High 60% / Low 38%)

Stock Market Outlook: Bullish Falling 58.8% vs. Yesterday 63.5% (High 88.8% / Low 58.8%) (DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

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ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Falling Today -37% vs. Yesterday -23% (High 47% / Low -37%)
SPY: Falling Today -38% vs. Yesterday -22% (High 56% / Low -38%)
MDY: Falling Today -33% vs. Yesterday -16% (High 65% / Low -33%)
IWM: Falling Today -21%% vs. Yesterday -05% (High 47% / Low -21%)
QQQQ: Falling Today -27% vs. Yesterday -21% (High 54% / Low -27%)
IDU: Falling Today -18%% vs. Yesterday -12% (High 61% / Low -30%)

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Friday, August 26, 2005

Expect Stock Market To Decline Friday

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Thursday August 25, 2005: DJIA closed 10,450.63 up +15.76

Before the U. S. Stock Market Opening
Friday August 26 Stock Market Forecast
DJIA Probability of Being "Up" Friday: 35%

Market Comment: The DJIA trend and momentum statistics are weak and the outlook remains bearish. Thursday's snap-back short-term rally was a one-day wonder for the Specialists and Market Makers to adjust their inventory. The important key moving averages have been decisively broken and the Nasdaq Composite continues to represent lack of sponsorship. Wait for the DJIA trend to reverse its declining momentum as Friday will deliver more selling.

Index Statistics: Above 50% Bullish - Below 50% Bearish
DJIA Probability of Being "Up" Friday: 35%
Trend: Falling Today 26% vs. Yesterday 32% (High 77% / Low 26%)
Momentum: Neutral Today 48% vs. Yesterday 48% (High 55% / Low 45%)
DJIA Outlook: Bearish Falling 41% vs. Yesterday 43% (High 60% / Low 41%)

Stock Market Outlook: Bullish Rising 63.5% vs. Yesterday 60.7% (High 88.8% / Low 60.7%) (DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

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ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Falling Today -23% vs. Yesterday -18% (High 47% / Low -23%)
SPY: Neutral Today -22% vs. Yesterday -22% (High 56% / Low -22%)
MDY: Falling Today -16% vs. Yesterday -11% (High 65% / Low -16%)
IWM: Falling Today -05%% vs. Yesterday -03% (High 47% / Low -18%)
QQQQ: Falling Today -21% vs. Yesterday -16% (High 54% / Low -21%)
IDU: Falling Today -12%% vs. Yesterday -11% (High 61% / Low -30%)

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Thursday, August 25, 2005

Stock Market Trend Remains Bearish

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Wednesday August 24, 2005: DJIA closed 10,434.87 down -84.71

Before the U. S. Stock Market Opening
Thursday August 25 Stock Market Forecast
DJIA Probability of Being "Up" Thursday: 84%

Market Comment: The DJIA trend and momentum statistics are weak and the outlook remains bearish. A snap-back short-term rally of one day could take place at this juncture for the Specialists and Market Makers to adjust their inventory. However, the important key moving averages have been decisively broken and the Nasdaq Composite continues to represent lack of sponsorship, which is typically required to propel a meaningful rally. Any short-term move up would be an opportunity to unload some unwanted positions. Wait for the DJIA trend to reverse its declining momentum.

Index Statistics: Above 50% Bullish - Below 50% Bearish
DJIA Probability of Being "Up" Thursday: 84%
Trend: Falling Today 32% vs. Yesterday 35% (High 77% / Low 29%)
Momentum: Neutral Today 48% vs. Yesterday 48% (High 55% / Low 45%)
DJIA Outlook: Bearish Neutral 43% vs. Yesterday 43% (High 60% / Low 43%)

Stock Market Outlook: Bullish Falling 60.7% vs. Yesterday 68.9% (High 88.8% / Low 60.7%) (DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

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ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Falling Today -18% vs. Yesterday -10% (High 47% / Low -18%)
SPY: Falling Today -22% vs. Yesterday -06% (High 56% / Low -22%)
MDY: Falling Today -11% vs. Yesterday -03% (High 65% / Low -11%)
IWM: Falling Today -03%% vs. Yesterday 03% (High 47% / Low -18%)
QQQQ: Falling Today -16% vs. Yesterday -07% (High 54% / Low -16%)
IDU: Neutral Today -11%% vs. Yesterday -11% (High 61% / Low -30%)

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Wednesday, August 24, 2005

Stock Market Seeking A Catalyst

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Tuesday August 23, 2005: DJIA closed 10,519.58 down -50.31

Before the U. S. Stock Market Opening
Wednesday August 24 Stock Market Forecast
DJIA Probability of Being "Up" Wednesday: 71%

Market Comment: The DJIA trend and momentum statistics remain weak and the outlook remains bearish. Twenty of the Dow stocks are stuck in distribution stages and the remaining ten are struggling to hold up the index. The Nasdaq Composite continues to represent lack of sponsorship, which is typically required to propel a meaningful rally. A DJIA move to 10,435 or lower cannot be ruled out.

Index Statistics: Above 50% Bullish - Below 50% Bearish
DJIA Probability of Being "Up" Wednesday: 71%
Trend: Falling Today 35% vs. Yesterday 39% (High 77% / Low 29%)
Momentum: Falling Today 48% vs. Yesterday 52% (High 55% / Low 45%)
DJIA Outlook: Bearish Falling 43% vs. Yesterday 43% (High 60% / Low 43%)

Stock Market Outlook: Bullish Falling 68.9% vs. Yesterday 71.2% (High 88.8% / Low 70.2%) (DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

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ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Rising Today -10% vs. Yesterday -12% (High 47% / Low -12%)
SPY: Rising Today -06% vs. Yesterday -12% (High 56% / Low -12%)
MDY: Rising Today -03% vs. Yesterday -05% (High 65% / Low -09%)
IWM: Rising Today 03%% vs. Yesterday -04% (High 47% / Low -18%)
QQQQ: Rising Today -07% vs. Yesterday -09% (High 54% / Low -09%)
IDU: Rising Today -11%% vs. Yesterday -17% (High 61% / Low -30%)

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Tuesday, August 23, 2005

DJIA Statistics Turn Up While ETF's Turn Down

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Monday August 22, 2005: DJIA closed 10,569.89 up +10.66

Before the U. S. Stock Market Opening
Tuesday August 23 Stock Market Forecast
DJIA Probability of Being "Up" Tuesday: 39%
Market Comment: The DJIA is in cross currents with the money flow of the widely followed ETF index funds. The DJIA trend and momentum statistics have turned up for a second day. However, yesterday the ETF's reversed Friday's results after Investors sold into the early DJIA rally of 80+ points. Therefore, one must remain cautious until the Stock Market confirms direction, which it has yet to do. However, the Nasdaq Composite continues to represent lack of sponsorship, which is typically required to propel a meaningful rally. A DJIA move to 10,435 or lower cannot be ruled out.

Index Statistics: Above 50% Bullish - Below 50% Bearish
DJIA Probability of Being "Up" Tuesday: 39%
Trend: Rising Today 39% vs. Yesterday 32% (High 77% / Low 29%)
Momentum: Rising Today 52% vs. Yesterday 48% (High 55% / Low 45%)
DJIA Outlook: Bearish Falling 43% vs. Yesterday 44% (High 60% / Low 43%)

Stock Market Outlook: Bullish Rising 71.2% vs. Yesterday 70.7% (High 88.8% / Low 70.2%) (DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

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ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Falling Today -12% vs. Yesterday -06% (High 47% / Low -12%)
SPY: Falling Today -12% vs. Yesterday -02% (High 56% / Low -12%)
MDY: Falling Today -05% vs. Yesterday -02% (High 65% / Low -09%)
IWM: Falling Today -04%% vs. Yesterday 01% (High 47% / Low -18%)
QQQQ: Falling Today -09% vs. Yesterday -08% (High 54% / Low -08%)
IDU: Falling Today -17%% vs. Yesterday -13% (High 61% / Low -30%)

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Saturday, August 20, 2005

Futures And Options Expiration A Non-Event

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Friday August 19, 2005: DJIA closed 10,559.23 up +4.30

Before the U. S. Stock Market Opening
Monday August 22 Stock Market Forecast
DJIA Probability of Being "Up" Monday: 58%
Market Comment: The Stock Market had a non-eventful futures and stock options expiration on Friday. Low volume and no volatility was seen throughout the market. The DJIA trend statistics turned up and so did many of the important ETF's as shown below. However, the Nasdaq Composite continues to represent lack of sponsorship, which is typically required to propel a meaningful rally. A DJIA move to 10,435 or lower cannot be ruled out.

Index Statistics: Above 50% Bullish - Below 50% Bearish
DJIA Probability of Being "Up" Monday: 58%
Trend: Rising Today 32% vs. Yesterday 29% (High 77% - Low 29%)
Momentum: Neutral Today 48% vs. Yesterday 48% (High 55% - Low 45%)
DJIA Outlook: Bearish Falling 44% vs. Yesterday 45% (High 60% - Low 44%)

Stock Market Outlook: Bullish Rising 70.7% vs. Yesterday 70.2% (High 88.8% - Low 70.2%) (DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

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ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Rising Today -06% vs. Yesterday -10% (High 47% / Low -10%)
SPY: Rising Today -02% vs. Yesterday -11% (High 56% / Low -11%)
MDY: Rising Today 02% vs. Yesterday -09% (High 65% / Low -09%)
IWM: Rising Today 01%% vs. Yesterday -18% (High 47% / Low -18%)
QQQQ: Falling Today -08% vs. Yesterday -05% (High 54% / Low -08%)
IDU: Rising Today -13%% vs. Yesterday -29% (High 61% / Low -30%)

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Friday, August 19, 2005

Stock Market Statistics Very Bearish

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Thursday August 18, 2005: DJIA closed 10,554.93 up +4.22

Before the U. S. Stock Market Opening
Friday August 19 Stock Market Forecast:
The ETF's presented below have all gone negative, which spells trouble for the Stock Market. Futures and stock options expire today and should present heavy volume and volatility. DJIA move to 10,435 or lower cannot be ruled out.

Index Statistics: Above 50% Bullish - Below 50% Bearish
DJIA Probability of Being "Up" Friday: 61%
Trend: Falling Today 29% vs. Yesterday 42% (High 77% on 7-15)
Momentum: Falling Today 48% vs. Yesterday 48% (High 55% on 8-03)
DJIA Outlook: Bearish Falling 45% vs. Yesterday 47% (High 60% on 8-04)

Stock Market Outlook: Bullish Falling 70.2% vs. Yesterday 71.7% (High 88.8% on 8-03)
(DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

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ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Falling Today -10% vs. Yesterday -07% (High 107.33 on 8-10)
SPY: Falling Today -11% vs. Yesterday -05% (High 124.74 on 8-03)
MDY: Falling Today -09% vs. Yesterday -03% (High 132.53 on 8-02)
IWM: Falling Today -18% vs. Yesterday -08% (High 68.52 on 8-02)
QQQQ: Falling Today -05% vs. Yesterday 04% (High 40.14 on 8-02)
IDU: Falling Today -29%% vs. Yesterday -27% (High 80.70 on 8-03)

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Thursday, August 18, 2005

Stock Market Looking Very Weak

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Wednesday August 17, 2005: DJIA closed 10,550.71 up +37.26

Before the U. S. Stock Market Opening
Thursday August 18 Stock Market Forecast:
The ETF's presented below have gone negative or are about to go negative which spells trouble for the Stock Market. With futures and stock options due to expire Friday, expect more volatility as Investors square their positions.

Index Statistics: Above 50% Bullish Below 50% Bearish
DJIA Probability of Being "Up" Thursday: 42%
Trend: Falling Today 42% vs. Yesterday 42% (High 77% on 7-15)Momentum: Falling Today 48% vs. Yesterday 52% (High 55% on 8-03)DJIA Outlook: Bearish Neutral 47% vs. Yesterday 47% (High 60% on 8-04)

Stock Market Outlook: Bullish Falling 71.7% vs. Yesterday 71.8% (High 88.8% on 8-03)
(DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Falling Today -07% vs. Yesterday -03% (High 107.33 on 8-10)
SPY: Falling Today -05% vs. Yesterday 06% (High 124.74 on 8-03)
MDY: Falling Today -03% vs. Yesterday 10% (High 132.53 on 8-02)
IWM: Falling Today -08% vs. Yesterday 01% (High 68.52 on 8-02)QQQQ: Falling Today 04% vs. Yesterday 09% (High 40.14 on 8-02)
IDU: Falling Today -27%% vs. Yesterday -22% (High 80.70 on 8-03)

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Wednesday, August 17, 2005

Stock Market Distribution Trend Resurfaces

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Tuesday August 16, 2005: DJIA closed 10,513.45 down -120.93

Before the U. S. Stock Market Opening
Wednesday August 17 Stock Market Forecast:
The Stock Market has touched a first level of support with the three digit decline Tuesday. Typically, Tuesday's can be contra-days where the results can be either the beginning of a trend or simply a fake-out day to get Investors to dump stock. However, observing that the trend has turned lower once again after having been stagnant for several days, there is more downside potential to a more solid DJIA support area of 10,400. Also, with futures and stock options due to expire the end of this week, expect more volatility.

Index Statistics: Above 50% Bullish Below 50% Bearish
DJIA Probability of Being "Up" Wednesday: 87%
Trend: Falling Today 42% vs. Yesterday 45% (High 77% on 7-15)
Momentum: Neutral Today 52% vs. Yesterday 52% (High 55% on 8-03)
DJIA Outlook: Bearish Neutral 47% vs. Yesterday 47% (High 60% on 8-04)

Stock Market Outlook: Bullish Falling 71.8% vs. Yesterday 80.1% (High 88.8% on 8-03)
(DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Falling Today -03% vs. Yesterday 04% (High 107.33 on 8-10)
SPY: Falling Today 06% vs. Yesterday 15% (High 124.74 on 8-03)
MDY: Falling Today 10% vs. Yesterday 21% (High 132.53 on 8-02)
IWM: Falling Today 01% vs. Yesterday 08% (High 68.52 on 8-02)
QQQQ: Falling Today 09% vs. Yesterday 12% (High 40.14 on 8-02)
IDU: Falling Today -22%% vs. Yesterday -17% (High 80.70 on 8-03)

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Tuesday, August 16, 2005

Stock Market and Vacations Compete

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Monday August 15, 2005: DJIA closed 10,634.38 up +34.07

Before the U. S. Stock Market Opening
Tuesday August 16 Stock Market Forecast:
The Stock Market had a high volume reversal, closing lower on August 10. Since that event, the volume and price movement has virtually dried up. Monday's action provided a bounce back from Friday of 34 points or a Fibonacci 40% retracement. So the dogs days of Summer are here and many of the market participants are on vacation. Tuesday should see more sideways movement as the trend and momentum remain stuck in neutral.

Index Statistics: Above 50% Bullish Below 50% Bearish
DJIA Probability of Being "Up" Tuesday: 29%
Trend: Neutral Today 45% vs. Yesterday 45% (High 77% on 7-15)
Momentum: Neutral Today 52% vs. Yesterday 52% (High 55% on 8-03)
DJIA Outlook: Bearish Falling 47% vs. Yesterday 48% (High 60% on 8-04)

Stock Market Outlook: Bullish Rising 80.1% vs. Yesterday 75.4% (High 88.8% on 8-03)
(DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Rising Today 04% vs. Yesterday -01% (High 107.33 on 8-10)
SPY: Rising Today 15% vs. Yesterday 11% (High 124.74 on 8-03)
MDY: Rising Today 21% vs. Yesterday 20% (High 132.53 on 8-02)
IWM: Rising Today 08% vs. Yesterday 04% (High 68.52 on 8-02)
QQQQ: Neutral Today 12% vs. Yesterday 12% (High 40.14 on 8-02)
IDU: Rising Today -17%% vs. Yesterday -21% (High 80.70 on 8-03)

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Sunday, August 14, 2005

Stock Market Lacks Luster To Move Higher

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Friday August 12, 2005: DJIA closed 10,600.31 down -85.58

Before the U. S. Stock Market Opening
Monday August 15th Stock Market Forecast:
The Stock Market has serious inconsistencies. The Nasdaq, OEX and SPX had false breakouts earlier in the year, July 14 for Nasdaq and March 7 for OEX and SPX. Nasdaq is now trading below its breakout. OEX has never recovered and SPX is only 5 points higher. DJIA also had a false breakout on March 7 and is now 337 points lower. Several non-confirmations of internal strength registered when the DJIA was 10,705.55 on July 28, recently. While many investment pundits are suggesting new highs are forthcoming, this may become hard to achieve because at this time the Stock Market does not have speculative fever and substantial accumulation that can support such a dynamic move. There are only 14 Dow 30 stocks holding up the DJIA. Should this number slip during Monday's performance, more downside action can be assured as Investor's move to cash.

Index Statistics: Above 50% Bullish Below 50% Bearish
DJIA Probability of Being "Up" Monday: 84%
Trend: Falling Today 45% vs. Yesterday 45% (High 77% on 7-15)
Momentum: Falling Today 52% vs. Yesterday 52% (High 55% on 8-03)
DJIA Outlook: Bearish Rising 48% vs. Yesterday 47% (High 60% on 8-04)

Stock Market Outlook: Bullish Falling 75.4% vs. Yesterday 80.1% (High 88.8% on 8-03)
(DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Falling Today -01% vs. Yesterday 13% (High 107.33 on 8-10)
SPY: Falling Today 11% vs. Yesterday 18% (High 124.74 on 8-03)
MDY: Rising Today 20% vs. Yesterday 18% (High 132.53 on 8-02)
IWM: Rising Today 04% vs. Yesterday 03% (High 68.52 on 8-02)
QQQQ: Falling Today 12% vs. Yesterday 16% (High 40.14 on 8-02)
IDU: Rising Today -21%% vs. Yesterday -28% (High 80.70 on 8-03)

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Friday, August 12, 2005

The Stock Market To Experience Profit Taking Friday

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Thursday August 11, 2005: DJIA closed 10,685.89 up +91.48

Before the U. S. Stock Market Opening
Friday August 12th Stock Market Forecast:
The Stock Market could potentially fall the next three days as futures and options are do to expire next Friday, even though the trend and momemtum has rebounded some. There are only 14 Dow 30 stocks with upward momentum and 16 with downward momentum.

Index Statistics: Above 50% Bullish Below 50% Bearish
DJIA Probability of Being "Up" Friday: 16%
Trend: Rising Today 45% vs. Yesterday 39% (High 77% on 7-15)
Momentum: Rising Today 52% vs. Yesterday 48% (High 55% on 8-03)
DJIA Outlook: Bearish Falling 47% vs. Yesterday 48% (High 60% on 8-04)

Stock Market Outlook: Bullish Rising 80.1% vs. Yesterday 74.6% (High 88.8% on 8-03)
(DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Falling Today 13% vs. Yesterday 14% (High 107.33 on 8-10)
SPY: Rising Today 18% vs. Yesterday 15% (High 124.74 on 8-03)
MDY: Rising Today 18% vs. Yesterday 09% (High 132.53 on 8-02)
IWM: Rising Today 03% vs. Yesterday -06% (High 68.52 on 8-02)
QQQQ: Rising Today 16% vs. Yesterday 15% (High 40.14 on 8-02)
IDU: Rising Today -28%% vs. Yesterday -30% (High 80.70 on 8-03)

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Thursday, August 11, 2005

Stock Market To Brighten Thursday

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Wednesday August 10, 2005: DJIA closed 10,594.41 down -21.26

Before the U. S. Stock Market Opening
Thursday August 11th Stock Market Forecast:
The Stock Market should catch its footing on Thursday with a 65% probability of closing up on the day. The indicators rose on a down day yesterday and this is positive for the short term. A technical bounce could be the result for today.

Index Statistics: Above 50% Bullish Below 50% Bearish
DJIA Probability of Being "Up" Thursday: 65%
Trend: Rising Today 39% vs. Yesterday 32% (High 77% on 7-15)
Momentum: Rising Today 48% vs. Yesterday 45% (High 55% on 8-03)
DJIA Outlook: Bearish Falling 48% vs. Yesterday 51% (High 60% on 8-04)

Stock Market Outlook: Bullish Falling 74.6% vs. Yesterday 78.8% (High 88.8% on 8-03)
(DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Falling Today 14% vs. Yesterday 15% (High 107.33 on 8-10)
SPY: Falling Today 15% vs. Yesterday 21% (High 124.74 on 8-03)
MDY: Rising Today 09% vs. Yesterday 07% (High 132.53 on 8-02)
IWM: Rising Today -06% vs. Yesterday -08% (High 68.52 on 8-02)
QQQQ: Falling Today 15% vs. Yesterday 24% (High 40.14 on 8-02)
IDU: Falling Today -30%% vs. Yesterday -25% (High 80.70 on 8-03)

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Gale Financial Market Econometrics, Inc.
"Just Suppose For A Moment, You Know What The Exchange Insiders Know!"

Wednesday, August 10, 2005

Wednesday To Be A Downer Day

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Tuesday August 9, 2005: DJIA closed 10,615.67 up +78.74

Before the U. S. Stock Market Opening
Wednesday August 10th Stock Market Forecast:
Wednesday is expected to resume the stock market's downside momentum due to more selling pressure. A DJIA pull-back to 10,400 is a high probability over the near term as the DJIA trend and momentum is very negative.

Index Statistics: Above 50% Bullish Below 50% Bearish
DJIA Probability of Being "Up" Wednesday: 13%
Trend: Falling Today 32% vs. Yesterday 39% (High 77% on 7-15)
Momentum: Falling Today 45% vs. Yesterday 45% (High 55% on 8-03)
DJIA Outlook: Bullish Falling 51% vs. Yesterday 55% (High 60% on 8-04)

Stock Market Outlook: Bullish Rising 78.8% vs. Yesterday 74.5% (High 88.8% on 8-03)
(DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Falling Today 15% vs. Yesterday 15% (High 107.16 on 7-29)
SPY: Falling Today 21% vs. Yesterday 21% (High 124.74 on 8-03)
MDY: Falling Today 07% vs. Yesterday 07% (High 132.53 on 8-02)
IWM: Falling Today -08% vs. Yesterday -03% (High 68.52 on 8-02)
QQQQ: Falling Today 24% vs. Yesterday 27% (High 40.14 on 8-02)
IDU: Rising Today -25%% vs. Yesterday -26% (High 80.70 on 8-03)

Information provided by http://www.mktmetrics.com/

Gale Financial Market Econometrics, Inc.
"Just Suppose For A Moment, You Know What The Exchange Insiders Know!"

Tuesday, August 09, 2005

Tuesday To Rally From Oversold Condition

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Monday August 8, 2005: DJIA closed 10,536.93 down -21.10

Before the U. S. Stock Market Opening
Tuesday August 9th Stock Market Forecast:
Tuesday should bring in some bargin hunters and rally the stock market from an oversold condition. This could last for a day or two before addtional selling pressure takes hold. A DJIA pull-back to 10,400 is a high probability over the near term, now that the DJIA trend and momentum has turned down.

Index Statistics: Above 50% Bullish Below 50% Bearish
DJIA Probability of Being "Up" Tuesday: 68%
Trend: Falling Today 39% vs. Yesterday 61% (High 77% on 7-15)
Momentum: Falling Today 45% vs. Yesterday 45% (High 55% on 8-03)
DJIA Outlook: Bullish Falling 55% vs. Yesterday 59% (High 60% on 8-04)

Stock Market Outlook: Bullish Falling 74.5% vs. Yesterday 78.3% (High 88.8% on 8-03)
(DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Falling Today 15% vs. Yesterday 30% (High 107.16 on 7-29)
SPY: Falling Today 21% vs. Yesterday 36% (High 124.74 on 8-03)
MDY: Falling Today 07% vs. Yesterday 23% (High 132.53 on 8-02)
IWM: Falling Today -03% vs. Yesterday 13% (High 68.52 on 8-02)
QQQQ: Falling Today 27% vs. Yesterday 41% (High 40.14 on 8-02)
IDU: Falling Today -26%% vs. Yesterday -03% (High 80.70 on 8-03)

Information provided by http://www.mktmetrics.com/

Gale Financial Market Econometrics, Inc.
"Just Suppose For A Moment, You Know What The Exchange Insiders Know!"

Saturday, August 06, 2005

Profit Taking Should Continue Until DJIA 10,400

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Friday August 5, 2005: DJIA closed 10,558.03 down -52.07

Before the U. S. Stock Market Opening
Monday August 8th Stock Market Forecast:
Multiple non-confirmations Thursday, July 28th meant false new highs last week. A DJIA pull-back to 10,400 is a high probability over the near term, now that the DJIA trend and momentum has turned down. Probably small decline on Monday with rally on Tuesday, before resumption of down trend on Wednesday.

Index Statistics: Above 50% Bullish Below 50% Bearish
DJIA Probability of Being "Up" Monday: 74%
Trend: Falling Today 61% vs. Yesterday 65% (High 77% on 7-15)
Momentum: Falling Today 45% vs. Yesterday 52% (High 55% on 8-03)
DJIA Outlook: Bullish Falling 59% vs. Yesterday 60% (High 60% on 8-04)

Stock Market Outlook: Bullish Falling 78.3% vs. Yesterday 83.3% (High 88.8% on 8-03)
(DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Falling Today 30% vs. Yesterday 47% (High 107.16 on 7-29)
SPY: Falling Today 36% vs. Yesterday 53% (High 124.74 on 8-03)
MDY: Falling Today 23% vs. Yesterday 41% (High 132.53 on 8-02)
IWM: Falling Today 13% vs. Yesterday 27% (High 68.52 on 8-02)
QQQQ: Falling Today 41% vs. Yesterday 51% (High 40.14 on 8-02)
IDU: Falling Today -03%% vs. Yesterday 17% (High 80.70 on 8-03)

Information provided by http://www.mktmetrics.com/

Gale Financial Market Econometrics, Inc.
"Just Suppose For A Moment, You Know What The Exchange Insiders Know!"

Friday, August 05, 2005

Don't Play The Friday Bounce Should There Be One

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Thursday August 4, 2005: DJIA closed 10,610.10 down -87.49

Before the U. S. Stock Market Opening - Friday August 5th
Market Forecast: Multiple non-confirmations last Thursday means false new highs this week. A pull-back for a few weeks is a high probability, now that the DJIA trend and momentum has turned down.

Index Statistics: Above 50% Bullish Below 50% Bearish
DJIA Probability of Being "Up" Friday: 87%
Trend: Falling Today 65% vs. Yesterday 71% (High 77% on 7-15)
Momentum: Falling Today 52% vs. Yesterday 55% (High 55% on 8-03)
DJIA Outlook: Bullish Rising 60% vs. Yesterday 59% (High 60% on 8-04)

Stock Market Outlook: Bullish Falling 83.3% vs. Yesterday 88.8% (High on 8-03)(DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Rising Today 47% vs. Yesterday 42% (High 107.16 on 7-29)
SPY: Rising Today 53% vs. Yesterday 52% (High 124.74 on 8-03)
MDY: Rising Today 41% vs. Yesterday 40% (High 132.53 on 8-02)
IWM: Falling Today 27% vs. Yesterday 28% (High 68.52 on 8-02)
QQQQ: Rising Today 51% vs. Yesterday 50% (High 40.14 on 8-02)
IDU: Rising Today 17% vs. Yesterday 10% (High 80.70 on 8-03)

Information provided by http://www.mktmetrics.com/
Gale Financial Market Econometrics, Inc.
"Just Suppose For A Moment, You Know What The Exchange Insiders Know!"

Thursday, August 04, 2005

Stock Market Pull-Back Due To Profit Taking

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Wednesday August 3, 2005: DJIA closed 10,697.59 up +13.85

Before the U. S. Stock Market Opening - Thursday August 4th
Market Forecast: Multiple non-confirmations last Thursday means false new highs last two days. A pull-back for a few weeks may be in store.

Index Statistics: Above 50% Bullish Below 50% Bearish
DJIA Probability of Being "Up" Thursday: 35%
Trend: Rising Today 71% vs. Yesterday 68% (High 77% on 7-15)
Momentum: Rising Today 55% vs. Yesterday 48% (High 55% on 8-03)
DJIA Outlook: Bullish Falling 59% vs. Yesterday 59% (High 59% on 8-01)

Stock Market Outlook: Bullish Rising 88.8% vs. Yesterday 87.8% (High on 8-03)
(DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Neutral Today 42% vs. Yesterday 42% (High 107.16 on 7-29)
SPY: Falling Today 52% vs. Yesterday 56% (High 124.74 on 8-03)
MDY: Falling Today 40% vs. Yesterday 53% (High 132.53 on 8-02)
IWM: Falling Today 28% vs. Yesterday 40% (High 68.52 on 8-02)
QQQQ: Falling Today 50% vs. Yesterday 54% (High 40.14 on 8-02)
IDU: Falling Today 10% vs. Yesterday 12% (High 80.70 on 8-03)

Information provided by http://www.mktmetrics.com/

Gale Financial Market Econometrics, Inc.
"Just Suppose For A Moment, You Know What The Exchange Insiders Know!"

Wednesday, August 03, 2005

DJIA Will Now Yield to Profit Taking

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Tuesday August 2, 2005: DJIA closed 10,683.74 up +60.59

Before the U. S. Stock Market Opening
Wednesday August 3rd Market Forecast:
Multiple non-confirmations last Thursday means false new highs yesterday and a pull-back for a few weeks. DJIA trend has now turned lower.

Index Statistics: Above 50% Bullish Below 50% Bearish
DJIA Probability of Being "Up" Wednesday: 26%
Trend: Falling Today 68% vs. Yesterday 71% (High 77% on 7-15)
Momentum: Falling Today 48% vs. Yesterday 48% (High 48% on 7-28)
DJIA Outlook: Bullish Falling 59% vs. Yesterday 59% (High 59% on 8-01)

Stock Market Outlook: Bullish Rising 87.8% vs. Yesterday 83.8% (High on 8-02)
(DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Rising Today 42% vs. Yesterday 40% (High 107.16 on 7-29)
SPY: Rising Today 56% vs. Yesterday 51% (High 124.64 on 7-28)
MDY: Falling Today 53% vs. Yesterday 58% (High 132.53 on 8-02)
IWM: Falling Today 40% vs. Yesterday 40% (High 68.52 on 8-02)
QQQQ: Rising Today 54% vs. Yesterday 46% (High 40.14 on 8-02)
IDU: Falling Today 12% vs. Yesterday 24% (High 79.85 on 8-02)

Information provided by http://www.mktmetrics.com/

Gale Financial Market Econometrics, Inc.
"Just Suppose For A Moment, You Know What The Exchange Insiders Know!"

Tuesday, August 02, 2005

Stocks Look Positive for Tuesday

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Monday August 1, 2005: DJIA closed 10,623.15 down -17.76

Before the U. S. Stock Market Opening
Tuesday August 2nd Market Forecast

Index Statistics: Above 50% Bullish Below 50% Bearish
DJIA Probability of Being "Up" Tuesday: 58%
Trend: Falling Today 71% vs. Yesterday 74% (High 77% on 7-15)
Momentum: Neutral Today 48% vs. Yesterday 48% (High 48% on 7-28)
DJIA Outlook: Bullish Rising 59% vs. Yesterday 57% (High 59% on 8-01)

Stock Market Outlook: Bullish Falling 83.8% vs. Yesterday 86.3% (High on 7-28)
(DJIA, S&P500, Russell 2000 & Nasdaq 100) Aggregate)

ETF Statistics: Above 0% Bullish - Below 0% Bearish
DIA: Rising Today 40% vs. Yesterday 36% (High 107.16 on 7-29)
SPY: Rising Today 51% vs. Yesterday 45% (High 124.64 on 7-28)
MDY: Rising Today 58% vs. Yesterday 54% (High 132.31 on 7-29)
IWM: Rising Today 40% vs. Yesterday 39% (High 68.26 on 7-29)
QQQQ: Rising Today 46% vs. Yesterday 40% (High 39.92 on 7-28)
IDU: Falling Today 24% vs. Yesterday 34% (High 79.72 on 7-14)

Information provided by http://www.mktmetrics.com/

Gale Financial Market Econometrics, Inc.
"Just Suppose For A Moment, You Know What The Exchange Insiders Know!"

: Name: Douglas Gale; Location: Creston, North Carolina, United States

Aquarius, 57. Raised in N. Hollywood. Spouse of 20 years a retired San Diego City school teacher. Have married sister in CA and daughter in NY. Mom was a school teacher, Dad in the Radio and TV biz. After Vietnam War, went to college. 1975 hired by Blyth Eastman Dillon (now: UBS Paine Weber.) Additionally, employed by Morgan Stanley, and west coast superregional firms: Bateman Eichler, Hill Richards (now: Wachovia)and Rauscher Pierce (now: RBC Dain Rauscher) before entering Day Trading business in 1997. Formerly lived in La Jolla Shores, CA, now living in the High Country of North Carolina overlooking 400 acre Christmas Tree and Vineyard family farm. Spent four years back-testing formulas created from 30 years experience trading NYSE member firms capital and family trust funds. Publish 3 daily blogs and offer a Free Look to our premium pre-market data service: www.MktMetrics.com. Subscribers enjoy content of Stock Market Forecast and detailed individual stock trading information required for successful securities trading.

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