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Jeff Bailey : 2/26/2006 11:43:55 PM

March S&P Futures (sp06h) currently up 2.20 points, or +0.17% at 1,295.20.

e-mini S&P (es06h) currently up 2.25 points, or +0.17% at 1,295.25.

Jeff Bailey : 2/26/2006 11:37:35 PM

Program Trading Levels for Monday ... HL Camp & Company has their computers set for program buying at $+2.62 and set for program selling at $+0.54.

Fair Value for the S&P 500 on Monday is $1.62.

What is Fair Value? Find out at this Link

Jeff Bailey : 2/26/2006 11:34:42 PM

Postings of Interest found in Sunday's MM at this Link

OI Technical Staff : 2/26/2006 9:59:59 PM

The Market Monitor has been archived. You may view it and any previous days here: Link

Disclaimer: Stocks discussed in the Market Monitor are for educational purposes only and any analysis is not meant to imply a recommendation for or against that stock. The analysts in this forum as on any other website are prohibited by the SEC from giving any specific advice to ANY individual trader. All information posted is for ALL readers and is not meant to be directed to any individual. Our analysts cannot answer any email questions regarding any specific stock. Please do not ask and please do not take offense if requests are denied.

Results posted in the Market Monitor are hypothetical and OIN does not claim that any reader achieved these exact results. Due to the lag time between research, writing, posting, uploading, reading and execution there will be differences between the actual signal given and the fill achieved by the reader. Fills may be better or worse but in most cases they will be different. The writers will make every effort to give advance notice of intended signals and indicate potential price targets. Your individual results may vary depending on your activity level and aggressiveness. This forum is intended as an education service only. Trading involves risk and should not be attempted by anyone not ready to accept this risk. By acting on any signal in this forum you agree and personally accept this risk.

Jeff Bailey : 2/26/2006 4:32:07 PM

Weekly/Monthly Pivot Matrix found at this Link

Jeff Bailey : 2/26/2006 3:37:56 PM

S&P Banks Index (BIX.X) ... 5-point box size PnF chart at this Link ... This week's trade at 375 triggers a triple top buy signal.

As I review this chart and some MM commentary in October (A) 10/18/2005 "feels like fall, it is starting to sound like the spring of 2004..", Mr. Greenspan and Mr. Bernanke may be right regarding the inversion of the yield curve and current Fed policy.

Banks look very strong here and pullbacks should be bought with support above 350.

Bullish % for Banks (BPBANK) from Dorsey/Wright at this Link

Jeff Bailey : 2/26/2006 3:39:21 PM

Last 3 Weekly Pivot Matrix found at this Link

Ugh! The S&P Banks Index (BIX.X) gets a trade at WEEKLY R2 for a second week in a row! That has equated to an impressive 3.9% gain for this group of interest rate sensitive stocks. I had no clue the banks had been this strong as my focus has been "energy related" the past couple of weeks. Banks strong even as the yield curve inverts.

I would find the banks hard pressed to extend these gains unless the 10-year YIELD ($TNX.X) can breach above the 4.60% yield level (note 02/21-2/24 and 2/13-2/17 BIX.X) and upcoming weekly R1. The current Fed Funds target is 4.50%.

Jeff Bailey : 2/26/2006 1:11:49 PM

Friday's Closing U.S. Market Watch found at this Link

Jeff Bailey : 2/26/2006 1:10:27 PM

Friday's Closing Internals found at this Link

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