June 27, 2007 Market Recap

The DJIA had a bump today, but it was still below the high of yesterday. It still appears to be tracing out a double top. Tomorrow with the Fed report will show which way the market is going to go. The stochs are oversold and a cross over occurred. We will see if that holds true and if it goes up.
The S&P also had a good bounce today. Notice that the low was well below the June low. It will be interesting to see if it can continue to gain.
The Nasdaq is still leading the way. If the Nasdaq goes above the June high on June 19th, we will need to reset the trendline.
The last one is the Russell 2000. It had a very good day. Tech stocks were very hot today, which shows by the markets. Russell very high, then Nasdaq, then S&P with the high capitalization stocks doing the worst.
Signals for today
Signals for LLV:
Buy: CRL, CRY, CSC, JKHY, KSS, TTEC, SGP
Sell: WAG, Q

Signals for KST:
Buy: None
Sell: AW, BEAV, CSCO, MLM, MTW, XRX

Signals for Channel Breakout - Pull Back system
Buy: A, RIMM, BUCY, CTB, EMC, GIL, JEC, MDR, MTN, XRX