Abet Chichi2

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INO: Market Comments: (excerpts) acOct14
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The STOCK INDEXES & MARKETS

The NASDAQ Composite index closed higher on Tuesday
extending its breakout above resistance marked by
September's high crossing at 1913.74. Stochastics and the
RSI remain bullish signaling that sideways to higher prices
are possible near-term. The high-range close sets the stage
for a steady to firmer opening on Wednesday. The NASDAQ
Composite Index closed up 9.67 points at 1943.20.

The December S&P 500 index posted key reversal up on Tuesday
and the high-range close sets the stage for a steady to
firmer opening on Wednesday. Early session weakness tested
broken resistance marked by September's high crossing at
1039. Closes above today's high would confirm a breakout
above this resistance level thereby setting the stage for a
test of weekly resistance crossing at 1089 later this fall.
Stochastics and the RSI remain bullish signaling that
sideways to higher prices are possible near-term. The
December S&P 500 Index closed up 4.30 points at 1048.70.

The Dow close higher on Tuesday as it extended Monday's
breakout above last month's high crossing at 9686. The high-
range close sets the stage for a steady to firmer opening on
Tuesday as the door is open for a possible test of weekly
resistance crossing at 10,000 later this fall. Momentum
indicators are bullish signaling that sideways to higher
prices are possible near-term. The Dow closed up 48 points
at 9812.
More at http://quotes.ino.com/exchanges/?c=indexes

INTEREST RATES

December bonds closed lower on Tuesday due to rising
optimism about the economy along with a batch of strong
earnings report, which triggered a rally in the Dow.
Today's decline led to a breakout below the August-September
uptrend line crossing near 107-17 and the low-range close
sets the stage for a steady to lower opening on Wednesday.
Closes below last week's low crossing at 106-28 would open
the door for a larger-degree decline into the last half of
October. Stochastics and the RSI remain bearish signaling
that sideways to lower prices are still possible near-term.
Closes above the 10-day moving average crossing at 108-29
are needed to temper the bearish outlook in the market.

The CRB INDEX

The CRB index closed lower on Tuesday due to weakness in
some gains, some livestock, some precious metals and some
energy markets as it consolidates above the 75% retracement
level of the February-March decline crossing at 246.05. The
low-range close sets the stage for a steady to weaker
opening on Wednesday however, the door remains open for a
test of February's high crossing at 251.59 later this fall.
Stochastics and the RSI are overbought but remain bullish
signaling that additional short-term gains are still
possible. Closes below the 40-day moving average crossing at
242.10 would confirm that a short-term top has likely been
posted.
More at http://quotes.ino.com/exchanges/?c=interest

ENERGY MARKETS

The energy markets closed mixed on Monday as they
consolidate some of last week's gains, which led to
breakouts above August highs.

November crude oil closed slightly higher on Monday as it
consolidates above August's high crossing at 32.05. The mid-
range close sets the stage for a steady to firmer opening on
Wednesday. If the rally continues, weekly resistance
crossing at 32.85 and then 34.28 are potential targets later
this fall. Stochastics and the RSI remain bullish signaling
that sideways to higher prices are still possible near-term.
Closes below the 10-day moving average crossing at 30.67 and
then last week's low at 29.45 would signal that a short-term
top has been posted.

November heating oil closed higher on Tuesday as it
consolidates above resistance marked by August's high
crossing at 87.00. The mid-range close sets the stage for a
steady opening on Wednesday. If the rally continues, a test
of weekly resistance crossing at 91.50 is possible later
this month. Stochastics and the RSI are bullish signaling
that additional strength is possible near-term. Closes below
the 10-day moving average crossing at 83.52 and then last
week's low at 80.15 would confirm that a top has been
posted.

November unleaded gas posted a key reversal up on Tuesday
and closed above August's high crossing at 88.40. The high-
range close sets the stage for a steady to firmer opening on
Wednesday. If November extends last week's breakout above
August's high, weekly resistance crossing at 92.20 is a
potential target later this month. Closes below the 10-day
moving average crossing at 85.25 and then last week's low at
81.70 would confirm that a top has been posted. Stochastics
are overbought but remain bullish hinting that additional
short-term gains are still possible.

November Henry Hub natural gas posted a key reversal down on
Tuesday and closed below August's high crossing at 5.58.
Profit taking ahead of the close erased early-session gains
and the low-range close sets the stage for a steady to lower
opening on Wednesday. If the rally continues, July's high
crossing at 5.855 is a possible target later this month.
Stochastics and the RSI remain bullish signaling that
sideways to higher prices are possible near-term. Closes
below the 10-day moving average crossing at 5.148 would
signal that a top has likely been posted.
More at http://quotes.ino.com/exchanges/?c=energy

CURRENCY FUTURES / REAL TIME FOREX

The December Dollar posted a key reversal down on Tuesday
and the low-range close sets the stage for a steady to lower
opening on Wednesday. Closes below weekly support crossing
at 92.16 and then last week's low at 91.55 would renew
December's decline off August high while opening the door
for a test of the next level of long-term support crossing
at 90.74 later this fall. Closes above the 20-day moving
average crossing at 93.49 and then last Monday's high at
93.61 would confirm that a low has been posted. Stochastics
and the RSI are very oversold and neutral hinting that a low
might be in or is near.

The December Euro closed lower on Tuesday and below the 10-
day moving average crossing at 117.084. Closes below last
Monday's low at 115.10 would confirm that the rally off
September's low has come to an end. A late-day rebound
tempered some of today's loss and the high-range close sets
the stage for a steady to firmer opening on Wednesday.
Stochastics and the RSI are overbought and neutral to
bearish hinting that a short-term top might be in or is
near. If last month's rally resumes, weekly resistance
crossing at 119.60 is a possible target later this fall.

The December Swiss Franc closed lower on Tuesday and below
the 10-day moving average crossing at .7601. A short
covering bounce ahead of the close tempered today's loss and
the high-range close sets the stage for a steady to firmer
opening on Wednesday. Closes below last Monday's low at
.7479 would confirm that the rally off August's low has
ended. If the rally continues, a test of the June 13
reaction high crossing at .7733 is the next upside target.
Stochastics and the RSI are overbought, diverging and
turning bearish hinting that a short-term top might be in or
is near.

The December Canadian Dollar posted an inside day with a
lower close on Tuesday. The mid-range close sets the stage
for a steady opening on Wednesday. The recent breakout above
weekly resistance crossing at .7513 has opened the door for
a possible test of the November 1993 high on the monthly
chart crossing at .7739 later this fall. Closes below
support marked by the 20-day moving average crossing at
.7417 would signal that a top has likely been posted.
Stochastics and the RSI are diverging but are bullish
hinting that additional strength is possible near-term.

The December Japanese Yen closed lower on Friday due to
light profit taking. However, the high-range close sets the
stage for a steady to firmer opening on Wednesday. If the
rally off September's low continues, a test of monthly
resistance crossing at .9382 is possible later this fall.
The daily ADX is bullish and rising signaling that sideways
to higher prices are possible near-term. Closes below the
10-day moving average crossing at .9126 would temper the
bullish outlook in the market.
More at http://quotes.ino.com/exchanges/?e=FOREX

PRECIOUS AND NON-FERROUS METALS

December gold closed slightly higher due to short covering
on Tuesday as it consolidates below the 40-day moving
average crossing at 376.80 and above the 50% retracement
level of the July-September rally crossing at 368.60.
Today's high-range close sets the stage for a steady to
firmer opening on Wednesday, as additional short covering is
possible. If the decline off September's high resumes, the
62% retracement level crossing at 362.50 is the next
downside target later this fall. Stochastics and the RSI
remain bearish signaling that sideways to lower prices are
possible near-term.

December silver posted an inside day with a lower close on
Wednesday as it consolidated some of Monday's rally. The
mid-range close sets the stage for a steady opening on
Wednesday. If the decline off September's high resumes, the
75% retracement level of the July-September rally crossing
at 4.68 is possible later this month. Stochastics and the
RSI have turned bullish hinting that sideways to higher
prices are possible near-term.

December copper posted a downside reversal on Tuesday after
falling short of testing weekly resistance crossing at
89.95. Today's low-range close sets the stage for a steady
to weaker opening on Wednesday. Stochastics and the RSI are
overbought and have turned bearish signaling that a short-
term top is in or is near. Closes below the 10-day moving
average crossing at 85.62 would confirm that a top has
likely been posted.
More at http://quotes.ino.com/exchanges/?c=metals

E X T R E M E F U T U R E S
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Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/futures/

WINNERS

NKZ3 Nikkei 225 Stock Avg Dec 2003 11035 170
+1.56
LOSERS

E X T R E M E S T O C K S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/stocks/

WINNERS

CRFH CrayFish Co ADS 12.01 4.86
+67.97
GBR Greenbriar Corp 10.25 2.77
+37.03
CORI Corillian Corp 5.55 1.11
+25.00
ONYX Onyx Acceptance 12.95 2.39
+22.63
LSPN Lightspan Inc 13.57 2.32
+20.62
ISRL Isramco Inc 5.25 0.85
+19.32
TUTR PLATO Learning 10.2650 1.5850
+18.26
XOSY IXOS Software ADS 9.60 1.46
+17.94
LIBHA Liberty Homes Cl'A' 5.60 0.83
+17.40
DCTM Documentum Inc 28.54 4.12
+16.87

LOSERS

UNTD United Online 25.44 -5.48
-17.72
MILT Miltope Group 5.45 -0.95
-14.84
SONO SonoSite Inc 17.13 -2.60
-13.18
FJC Fedders Corp 6.25 -0.66
-9.55
ECHO Electronic Clearing House 6.69 -0.6990
-9.46
NASI North Amer Scientific 7.69 -0.76
-8.99
RADA Radica Games 6.51 -0.64
-8.95
RYG Royal Group Tech 8.78 -0.83
-8.64
COSN CoSine Communications 6.75 -0.62
-8.41
NICK Nicholas Financial 6.05 -0.5390
-8.18
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T H A N K Y O U
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