A-SEL Holdings on 10/08/04
are:
Next
## Fund Bought %G/L
Trade
-- ----- -------- ------ ------
1 FSUTX
08/24/04 7.1
2 FSHOX
08/24/04 2.0
3 FSAGX 08/24/04
15.6
4 FSDPX 08/24/04 10.4
5 FSESX
09/23/04
5.5
===================================================================
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 = 3.9 (Positive).
3) Family McClellan Summation
Index = 5485(Positive) (Neutral is +1900).
4) Family McClellan Oscillator =
-76(Negative).
5) Select Family Advance-Decline + Summation Indicator Status
= BUY on 08/20/04.
6) Money Market Rank (Acc 6-24) = 37 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 Red (Negative). Prices are in the upper
Bollinger Band (Positive). Stochastics and DMI are Positive. MACD, and MACD
Histogram are Negative.
Weekly - The last candle is Red (Negative). Prices are in the upper
Bollinger Band (Positive). Stochastics, MACD, MACD Histogram and DMI are
Positive.
Daily - RSI, KST, MACD and MACD Histogram are
Positive.
===================================================================
Screen
3 (MWD-US30 Multi window file)
30-Year Bond Yields:
The current yield is 4.91%
Left to Right:
Monthly - The last five
candles are Red (decreasing Yields, increasing Prices)(Positive). Yields are in
the lower Bollinger Band (Positive). Stochastics, MACD, MACD Histogram and DMI
are Positive.
Weekly - The last candle is Red (Positive). Yields
are in the lower Bollinger Band (Positive). Stochastics, MACD, MACD Histogram
and DMI are Positive.
Daily - Yields are in the upper Bollinger Band (Negative). RSI and KST are
Positive. MACD and MACD Histogram are Negative.
===================================================================
Conclusion:
Bond yields moved lower last week. Yields tested and fell back from the
downtrend line that started in June. The picture is otherwise unchanged from
last week. The weekly indicators have moved to levels that usually mark the end
of a trend and the daily indicators are starting to turn up. The daily
indicators have also displayed divergences. Yields are in the upper daily
Bollinger band are the downtrend is near its end.
The Select Family average moved lower last week. Prices broke out the top
of the small down trending channel that began in January 2004 and tested the
March highs before pulling back. The top of the channel should provide support.
The McClellan Summation has broken above July high and is in Bull market
territory. The correction that started in January is probably over and the
second rally of the four-year cycle has started.
The Dow, S&P, NASDAQ 100, Russell 2000, and Select Family Average all
moved lower last week. The Russell 2000 and Select Family Average broke through
and are still above the small down trending channel that began in January 2004.
The S&P and NASDAQ 100 briefly broke out then fell back into their channels.
The Dow is still in its channel. The Russell 2000 is the strongest while the Dow
is the weakest; this is a Positive. The correction that started in January is
probably over and the second rally of the four-year cycle has started.
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