TradingMarkets Mid-Day Movers

Markets at standstill as traders ponder over
yesterday’s triple-digit gain; major indices trade fractionally higher. Crude
oil futures are trading fractionally lower at $63.75.

Monday’s
market action created 3 consecutive closes in the same direction as well as 3
straight higher intraday highs on the S&P and the Nasdaq
(explanations below), which are bearish signals. It will be interesting to see if we get more
bearish signals today/this week and if any trigger on the SPX, which has pulled
up to its recent resistance levels near the 1315 level (click
here for more info
).

href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move

Lehman Brothers Q3 Results Top Street Views On
Trading, Investment Management Despite Lower Investment Banking Growth  (full
story
).  LEH shares rise over 2%.

General Motors Facilitates Plans For Launch Of
E85 Ethanol Fueling Sites In Greater Tallahassee (full
story
).  GM shares are trading fractionally lower this morning.

Sun Microsystems Partners With Accenture
(full
story
).  SUNW shares trade higher by 0.5%.  ACN shares rise by
2.4%.

Energy Conversion Devices Cuts Losses To $0.02
Per Share from $0.23 Last Year.  ENER shares jump sharply by nearly 12%.

OSI Systems Posts Q4 Profit Compared To Loss
Last Year; Guides Q1 & FY07 (full
story
).  OSIS shares fall 5.5%.

TriZetto To Acquire Quality Care Solutions For
$133 Mln Cash, Assumption Of Debt; Maintains FY06 EPS Outlook (full
story
).  TZIX shares drop over 3%.

For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News
section.



Market Snapshot

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Dow

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+5.12

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11,503.21

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NASDAQ

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+5.70

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2.221.52

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S&P 500

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+1.18
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1,314.29

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size=2>NYSE

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size=2>NASDAQ

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Volume

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1,041,656,000

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821,299,000

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Advances

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1859

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1509

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Declines

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1225

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1246

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Up Volume

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571

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544

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Down Volume

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333

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196

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New Hi’s

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131

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90

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New Lo’s

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23

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26



Strongest/Weakest Sectors

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Strongest
Sectors


Weakest
Sectors

Deutsche Bank Energy Index (DXE) GSTI Semiconductor
Index (GSM)
Natural Gas Index
(XNG)
Pharmaceutical Index (DRG)
Nasdaq Combined
Transport Index
(TRANX)
Dow 10 Index (MUT)

href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News

EIA – Crude
Inventories Down 2.9 Mln. Barrels, Gasoline Up 0.1 Mln. Barrels, Distillates
Build 4.7 Mln. Barrels

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Darren Wong

darrenw@tradingmarkets.com


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Use our
most
popular trading tool
to find out how your stocks will move in the next 5
days.


3 Consecutive Closes Same
Direction
– Three consecutive higher closes many times leads to a
short-term quiet market over the next few days when the market is above its 200
day ma. When it’s below, 3 consecutive higher closes has been an excellent time
to enter short positions.

The opposite is true for 3 consecutive lower
closes. When its occurred above the 200 day ma, it’s been a good time to be a
buyer. Below the 200 day, its been a good place to lock in short profits.

3
Higher Highs In A Row and 3 Lower Lows In A Row
– The same tactics
applied to 3 consecutive closes in the same direction apply here. 3 higher highs
identifies a market that is overbought, especially when its below its 200 day
ma. 3 consecutive lower lows is an excellent time to be looking for long
positions when the market is above its 200 and to be locking in short positions
when its below its 200 day.