A-SEL Holdings on 09/24/04
are:
Next
## Fund Bought %G/L
Trade
-- ----- -------- ------ ------
1 FSUTX
08/24/04 4.2
2 FSHOX
08/24/04 4.5
3 FSAGX
08/24/04 5.1
4 FSDPX
08/24/04 5.4
5 FSESX
09/23/04 2.2
FSRBX was replaced by FSESX during the
week.
===================================================================
Screen
1(MMR-SUMM Multi window file)
A-SEL(Select Family + SPRXX)Average :
From
the top:
1) The Family Average is in the upper Bollinger Band
(Positive).
2) The KST = 2.7 (Positive).
3) Family McClellan Summation
Index = 3517(Positive) (Neutral is +1900).
4) Family McClellan Oscillator =
+53(Positive).
5) Select Family Advance-Decline + Summation Indicator Status
= BUY on 08/20/04.
6) Money Market Rank (Acc 6-24) = 40 of 42
(Positive).
===================================================================
Screen
2(MWD-AVG Multi window file)
A-SEL (Select Family + Money Market) Family
Average:
Left to Right:
Monthly - The last candle is Green (Positive). Prices are in the upper
Bollinger Band (Positive). Stochastics, MACD, and MACD Histogram are Negative.
DMI is Positive.
Weekly - The last candle is Red (Negative). Prices are in the upper
Bollinger Band (Neutral). Stochastics, MACD, MACD Histogram and DMI are
Positive.
Daily - RSI and KST, are Positive. MACD and MACD Histogram are
Negative.
===================================================================
Screen
3 (MWD-US30 Multi window file)
30-Year Bond Yields:
The current yield is 4.80%
Left to Right:
Monthly - The last four
candles are Red (decreasing Yields, increasing Prices)(Positive). Yields are at
the lower Bollinger Band (Positive). Stochastics, MACD, MACD Histogram and DMI
are Positive.
Weekly - The last three candles are Red (Positive).
Yields are in the lower Bollinger Band (Positive). Stochastics, MACD, MACD
Histogram and DMI are Positive.
Daily - Yields are in the lower Bollinger Band (Positive). RSI, KST, MACD,
and MACD Histogram are Positive.
===================================================================
Conclusion:
Bond yields moved lower last week. Yields broke through the up trend line
through the lows of June 2003 and March 2004. The picture is unchanged from last
week. The weekly indicators have moved to levels that usually mark the end of a
trend and the daily indicators are displaying divergences. The down move in
yields is loosing momentum but the trend line break is significant. Yields could
fall to support at the March 2004 low of 4.65%.
The Select Family average moved lower last week. Prices fell back from the
top of the small down trending channel that began in January 2004. The McClellan
Oscillator has a positive look in that it has stayed above +100 for a month.
Prices will probably not fall to the bottom of the channel. This channel is a
sideways correction, short in price and long in time. Prices should soon break
out the top of the channel.
The Dow, S&P, NASDAQ 100, Russell 2000, and Select Family Average
retreated from the top of narrow down trending channels that began in January
2004. This channel is a sideways correction, short in price and long in time.
Prices should soon break out the top of the channel. The Dow was the weakest
index this week while the Russell 2000 was the strongest. This is a positive.
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