A-SEL Holdings on 10/29/04
are:
Next
## Fund Bought %G/L
Trade
-- ----- -------- ------ ------
1 FSUTX
08/24/04 9.7
2 FSNGX
10/13/04 1.4
3 FSAGX 08/24/04
15.7
4 FSDPX 08/24/04 7.8
5 FSESX
09/23/04
1.8
===================================================================
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 = 4.4 (Positive).
3) Family McClellan Summation
Index = 3716(Positive) (Neutral is +1900).
4) Family McClellan Oscillator =
183(Positive).
5) Select Family Advance-Decline + Summation Indicator Status
= BUY on 08/20/04.
6) Money Market Rank (Acc 6-24) = 35 of 42
(Positive).
===================================================================
Screen
2(MWD-AVG Multi window file)
A-SEL (Select Family + Money Market) Family
Average:
Left to Right:
Monthly - The last two candles are Green (Positive). Prices are in the
upper Bollinger Band (Positive). Stochastics and DMI are Positive. MACD, and
MACD Histogram are Negative.
Weekly - The last candle is Green (Positive). Prices are in the upper
Bollinger Band (Positive). Stochastics, MACD, MACD Histogram and DMI are
Positive.
Daily - KST, RSI, MACD and MACD Histogram are
Positive.
===================================================================
Screen
3 (MWD-US30 Multi window file)
30-Year Bond Yields:
The current yield is 4.79%
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 Green (Negative). 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 and KST are
Positive. MACD and MACD Histogram are Negative.
===================================================================
Conclusion:
Bond yields moved higher last week. The picture is the same as the last
four 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 higher last week. Prices have again broken
through the top of the small down trending channel that began in January 2004.
The market has been in a sideways correction for 10 months and is ready to rally
regardless of the outcome of the election.
The Dow, S&P, Russell 2000, and Select Family Average all moved higher
last week. The Dow is the only index that is still in the lower weekly Bollinger
Band. The NASDAQ 100, Russell 2000, and Select Family Average have broken out
the top of the small down trending channel that began in January 2004. The
relative strength of the small caps is a positive. The market has been in a
sideways correction for 10 months and is ready to rally regardless of the
outcome of the election.
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