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[Porter]

Monthly Trend Value 12 (running uptrend) Weekly Trend Value 9 (trending up) Daily Trend Value 6 (trending up) 45-min Trend Value 3 (mixed) Turtle Trend (LT) 4 (running uptrend) SPZ Trend ..........Q......M.....W.....D.....45' SPZ....U......U......U.....U......D Value..3......3......2......1.....-1 ------------ SHORT TERM TRENDS Opening Range Trend Daily--Down Weekly--Neutral Globex 45-min Trend Questionable 135-min Trend Questionable ------------------ Bollinger Band Trend 10-day Neutral 7-day Neutral ----------- Moving Average Trend Mason-Dixon (NDX 200H) Up Gator (SPX 13D+8) Up Mallory (NYA 49D) Up SB (SPX 75D) Up Chandelier Trend Zweig (MID5%) Up Stox (NazComp3%) Up Stox (NazComp9%) Up Junk (ML1%) Up --------------- Intermediate Momentum Indicators NY ITBM Down NY 10D NH% Up ND 10D DEAD Down ND BP RSI Down NY Vol McSum Down ND Vol McSum Down Comments The Merrill Lynch High Yield Corporate Bond index made a record high today. The S&P Midcap 400 Index made a record high today. The NYSE Composite index made a new rally high today. Momentum indicators turned down today. While price indicators keep trending up, momentum indicators are getting whipsawed. There was a Key Reversal in most indices with the close below yesterdays low. It was also a 2-close Key Reversal. There is a 5 point RPW in the spoos but not the other indices. But sentiment indicators are not as exuberantly bullish as they were at last Friday's selloff. Porter