Paint the Table

[JXM]

Some things that I look at. Feel free to add your thoughts.

Bullish
25pt COMP chart has breakage of the BRL and multiple DTs. Recent weakness looks like good buying zone.
http://www.stockcharts.com/webcgi/Pnf.asp?S=$COMPQ&Y=U&B=25&N=A&T=on

Fewer companies (companies going out of business or being acquired), not only means more concentration of business in the survivors, but also means fewer companies where investment dollars can land.

The bearish side of the list significantly outweighs my bullish side. This can be seen as bullish.

War against terrorism is going well (or is perceived to be going well) and it can be a catalyst to some market segments.

Bearish
VIX has bounced off of its lower range and is now rising. A print of 26 would break a DT and be bearish for stocks.
http://www.stockcharts.com/webcgi/Pnf.asp?S=vix.x&N=A&T=on

COMP RSI ain't looking good at all
http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[e,a]da...

COMP at serious trendline and price resistance, right here and now on the 50pt chart.
http://www.stockcharts.com/webcgi/Pnf.asp?S=compx&N=A&T=on

BPCOMP is as high as it has been for the past couple of years
http://www.stockcharts.com/webcgi/Pnf.asp?S=$BPCOMPQ&E=on&N=A&T=on

BPNDX broke down from high levels. Current rebound looks worthy of selling.
http://stockcharts.com/webcgi/pnf.asp?s=$BPNDX

Energy prices seem to be heading higher. Recent pullback looks good for buying (oil, not stocks).
http://www.stockcharts.com/webcgi/Pnf.asp?S=$wtic&N=A&T=on

Gold has been pretty strong lately...all indications are that it is going up.
http://www.stockcharts.com/webcgi/Pnf.asp?S=$GOLD&Y=U&B=3&N=A&T=on

30 year treasury looks to be heading down. My first reaction is that this makes it as a more attractive investment and therefore will take investment money from stocks, but I have no real idea if that is true. But if bond prices are coming down, that means that yields are going up, which means higher interest rates. This too, would like not be a great thing for the market right now.
http://www.stockcharts.com/webcgi/Pnf.asp?S=$USB&Y=U&B=1&N=A&T=on

Consumer and Corporate Debt - need to find the sources on these levels, but as long as we have the debt overhang, I find it difficult to be real bullish

Everybody is 'spectin current earnings to be more positive.

Everyone expects a 2H-02 recovery.

Argentina

Enron

Osama Bin Laden

Israel/Palestine

US/Iraq

Mixed Views
USD seems to be heading up. Good or bad for stocks? Good question.
http://www.stockcharts.com/webcgi/Pnf.asp?S=$USD&Y=U&B=.5&N=A&T=on