A-SEL Holdings on 10/15/04
are:
Next
## Fund Bought %G/L
Trade
-- ----- -------- ------ ------
1 FSUTX
08/24/04 8.0
2 FSNGX
10/13/04 1.7
3 FSAGX 08/24/04
11.6
4 FSDPX 08/24/04 6.9
5 FSESX
09/23/04 1.9
FSHOX was replaced by FSNGX last
week.
===================================================================
Screen
1(MMR-SUMM Multi window file)
A-SEL(Select Family + SPRXX)Average :
From
the top:
1) The Family Average is in the lower Bollinger Band
(Negative).
2) The KST = 2.6 (Positive).
3) Family McClellan Summation
Index = 4545(Positive) (Neutral is +1900).
4) Family McClellan Oscillator =
-178(Negative).
5) Select Family Advance-Decline + Summation Indicator Status
= BUY on 08/20/04.
6) Money Market Rank (Acc 6-24) = 27 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 two candles are Red (Negative). Prices are in the upper
Bollinger Band (Positive). 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 4.85%
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 two candles are Red (Positive).
Yields are in the lower Bollinger Band (Positive). Stochastics, MACD, MACD
Histogram and DMI are Positive.
Daily - Yields are at the middle Bollinger Band (Neutral). RSI, KST, MACD
and MACD Histogram are Positive.
===================================================================
Conclusion:
Bond yields moved lower last week. The picture is the same as the last two
weeks. 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. The downtrend is near its end.
The Select Family average moved lower last week. Prices have fallen back
into the small down trending channel that began in January 2004 after testing
the March highs. The daily indicators have traced a lower low suggesting a
continuing of the correction. Prices will likely fall to the lower daily
Bollinger band, which is also the level of the middle weekly band. The worse
case is breaking the low on 8/13/04 to create a normal October low followed by a
rally that finally ends the correction that started in January.
The Dow, S&P, Russell 2000, and Select Family Average all moved lower
last week. The NASDAQ 100 was flat. The NASDAQ 100, Russell 2000 and Select
Family Average are still in the upper weekly Bollinger Band while the S&P
and Dow have moved into their lower weekly bands. The relative strength of the
small caps is a positive. All the indices are back in the small down trending
channels that begin in January. The worse case is the Dow will reach the bottom
of its channel in a normal October bottom and be followed by a rally that will
break out of the channel.
---
Outgoing mail is certified Virus Free.
Checked by AVG
anti-virus system (
http://www.grisoft.com).
Version: 6.0.778 /
Virus Database: 525 - Release Date: 10/15/2004
