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[TTHQ Staff]

SectorVue by David Schultz for April 7th , 2008 Stuck in the middle The Dow Jones gained 393 points for the week while the NDX gained 98 points. The entire gain was on Tuesday with little or no follow through across the board. Sector Action for the week was plus 1657. All Sectors were up. The Market Barometer made it back to neutral for the first time since December. Shorter term measures are overbought. The most Bullish case is for the market to digest last Tuesdays big move with a pause or small pullback. Financial stocks may have found a floor but they have not made any headway out of the lower ranks. Listening to the Senate hearings last week reminded me of the song lyrics “Clowns to the left of me, jokers to the right, hear I am stuck in the middle with you”. I guess it is good for them to have a discussion - Government intervention will not change longer term economic fundamentals and home price declines, not mortgages will be front and center. Rydex Alerts- Short Russell and Dow Jones after taking profits on Bullish positions after the big run up Tuesday. Short term Trading indicator- Overbought needing a rest. INTERMEDIATE TERM TRENDS- The NDX is in an up trend. Others flat while Commodities are down. INTERMEDIATE OSCILLATOR - Dead Neutral crossroads. REIT’s IYR- Number one in Sector rank with hefty dividends. Oil Patch OSX, XNG and XOI- Rallied in price supporting market indices like the S&P500 and Dow Jones. Slipped in overall rank prompting us to take a swing at bearish Oil Service etf DUG. Ultra ETF’s- Bearish Dow, Russell and Oil Service , DXD, TWM and DUG. Looking for a tradeable dip this week. Semiconductors SOX- A nice pop and move into the top ranks. We have highlighted this strength the last few weeks. Buys on pullbacks. Financials BKX, KCE and XBD - Stuck in the lower ranks which is foreboding for the overall market as we have never seen a sustainable rally without participation from the Financials. Gold XAU- Fell precipitously in overall rank and has negative Tradewind. We had warned to take profits in these stocks three weeks ago. I am willing to buy gold stocks as they find support in the next few weeks. There are bullish and bearish leveraged etfs on Gold stocks now-- DGP is double bullish while DZZ is double bearish. SUBSCRIPTION INFO A sample copy of the entire SectorVue newsletter via email may be obtained emailing sectorvue@cox.net . Requests for a sample fax must include full name and voice phone number. Subscriptions are $500 per quarter for individuals $1000 per quarter for offices. Rydex alerts priced separately. This report is for educational purposes only and does not constitute "investment advice".