TODAY’S MARKET CALL: Again we had a good up day with the Q’s and SP- 500 finally kicking into high gear along with the DJ-30. Transports also showed up for this move. Momentum is to the upside but we will see correction days along the way and that is my job to point out those corrections to the trend. Today we are getting signals from the `VIX’ that it is going to rally today which means the markets should see some selling as some volatility starts to show itself today. We also have some “Up volume” issues for todayindicating it too may want to correct. DJ-30 shows resistance at the 11,885 levels and supports coming in at 11,805. The DJ -30 has support on intra dips at 11,704 and resistance at 11,811 Most supports will come of the moving intra day moving 50 simple moving averages. QQQQ will see resistance at 41.50 and supports starting at 41.00 and 40.70

The QQQQ made a new high and is how back negative on the day leaving us
with a new high Doji candlestick… a warning if we do not blow the
doors off the recent highs.

ALL THREE TIME PERIODS = BULL
Long term, - Bull, DJ-30, (weekly above 50sma and above
200sma)
Medium Term: BULL ,( Above the 50 daily, And above 200 sma daily,
11,171 IS DAILY CUT OFF )
Short Term: BEAR (hourly BELOW 50sma and 200 sma).
*********************************************************************
********************
EUROPE, London, Ireland, EARLY FALL SEMINARS, EMAIL TO GET ON
LIST.

*********************************************************************
**************
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**********
FRIDAY’S MARKET CALL: We got a correction of over -100 points intra-
day and a bounce in the last hour from 2 day sell flats. Again we
did not find any selling for the daily charts, just a case of over
bought for some internals.
The DJ is below the hourly 50 so we would expect an automatic rally
back to test it this morning,
11,551. At the 50 sma we will se if there is strength for a rally
back to yesterday’s highs.

*******************************************************************
**
********************************************************

TODAY’S MARKET CALL: The Friday sell-off went thru Thursday lows and
found support at the 30 min 200 SMA..
Our bounce Friday failed to reach the 30 min. or hourly 50 sma a
target today for resistance on any up move.
DJ resistance is 11,545, 11,550
DJ downside targets for support come in at 11.455, 11,353. and
11,262.
QQQQ Upside resistance 40.10 and 40.20 with down side support
targets at 39.57, 39.35 and 38.46.
SP-500 Upside targets start at 1319.22 , 1320.24 with downside
targets at 1311.47, 1309.55.

*********************************************************************
********************************************************
Big Picture:
The DJ-30 daily is now above the 50 sma, and above the 200 sma.
We have TAKEN OUT the August highs and made new September high
without making new highs for the year yet.
We are now faced with a double top from the earlier highs of the
year.

*********************************************************************
***

METALS MARKETS:

GOLD, Suggesting a down day today, Low Target low $582.00, $577.80

SILVER, Bounce day for silver yesterday and more today, Low Target
$10.32

US DOLLAR, 85.48 upside target today Any bounce tests the 50 from
below.

GOVERNMENT REPORTS

Earnings
Company Name Symbol EPS Estimate Call
WALGREEN CO WAG
0.41
N/A
WOLSELEY PLC WOS
N/A
N/A
JLG INDUSTRIES JLG
0.42
Call

more…

Economic
Statistic For/Time Actual Prior
Existing Home Sales
Aug/10:00 AM - 6.33M
more…

SOME PRE MARKET UP MOVERS
ACOR
WARR
SPPI
GPCB
PHRM
CHRS
UAUA
BIDU
LRCX

SOME P[RE MARKET DOWN MOVERS
TALK
UHCP
MCSS
HEPH
FNET
OXGN
SNDK
SYMC

BULL KICKERS;
WTSLA
AV
GTCB
PVX
AHO
VVR
HMY
SWIR
NTO

BULL ENGULFING
SYNA
PDU
KR
NXXI
AIM
BXC
BRP

OPTIONABLE STOCKS WITH HIGH VOLUME
TALK
COGN
GCO
TRB
PIR
HYGS
NYX
PCLN
BJ
BELM
TWTC
LFC
HOV
STSI
PALM
BMHC
GSS
BKS

MOBO BREAKOUTS WITH A GAP OVER THE 50 SMA
OSCI
CMED
AZK
AH
PAL
BA
PCG

SNAP BACK UP STOCKS
MDC
JDSA
SPG
CAL
AT
HEW
TTC
PFGC
DJUS
WRS
S
PMET
AEL
RIGL
NFP

UTILITY STOCKS
FPU
EGR
PCG
UTL

DOWNWARD SIGNALLING STOCKS
STOCKS WITH MULTIIPLE DAY SELL FLATS
CMCSA
CHKP
XRAY
PCAR
SYMC
QCOM

UPWARD SIGNALING STOCKS WITH BUY FLATS.
NHD
GENZ
CMVT

BEAR KICKERS
KOOL
SUNW
BDY
KNDL
OSI
IRIS
ISE
SIGM
ORCL
EAC
SYMN
XCO
AVII
SWW
JNPR
LNG
FRO

BEAR ENGULFING
SYNM
CTCI
PTN
HOS
PLLL
CRZO
ACI
SWN
HAWK
THE
BJS
SLAB
GIGM

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Daily calculations

Pivot Point Daily
((H + L + C) / 3)

S1D
((((H + L + C) / 3) * 2) - H)

S2D
((((H + L + C) / 3) - H) + L)

R1D
((((H + L + C) / 3) * 2) - L)

R2D
((((H + L + C) / 3) + H) - L)

Weekly Calculations (Rolling calculations, so review on Friday after close for calendar week)

Pivot Point weekly
((MAXH5 + MINL5 + C) / 3)

S1W
((((MAXH5 + MINL5 + C) / 3) * 2) - MAXH5)

S2W
((((MAXH5 + MINL5 + C) / 3) - MAXH5) + MINL5)

R1W
((((MAXH5 + MINL5 + C) / 3) * 2) - MINL5)

R2W
((((MAXH5 + MINL5 + C) / 3) + MAXH5) - MINL5)

Note:
Only copy/paste the formulas. The PCF names are arbitrary and can be changed to your liking.