Dynamic Trend Profile

Here is today's live class outlines with pre-market observations and comments... will update live when your live class begins at 10AM....

If interested in attending our live class, click on this link each day, or bookmark the link.....http://metastock.epopcentral.com/join.html?dn=RT

Below are some pre-market comments made in today's outline, in case you cannot read the small print...

Morning Call- It seems like churning is the strategy for this week until Friday’s jobs reports. Investors are evaluating a report on the health of the service sector. This morning the US market gets off to a slow start once again after a nice strong Monday. The S&P never hit its high yet while the Nasdaq and DJ Industrial have. It is just a matter of when. We believe the market is using this pause to re-energize so it can make another attempt at the highs.

Group/Sector Update 10/2/07- Seems like Financials are improving. Consumer Non-Cyclical continue to work well lately… PG, KO and PEP, a few examples. Contrary to downgrades in a couple tech stocks today, Group Rotation Trade Balances continue to show slow migration into technology sector.

Forex- It kind of looks like the USDJPY is trying to work itself back into an uptrend… is today a minor breakout move up? CADJPY and CHFJPY look like they are both able to push up more this week. Keep wondering if EURCAD is going to eventually break the last low and trend down further from here? See if it can ever break 1.40 in the next week or two?

Looks like rotation down (selling pressure) continues for the second day. The lows for today are not in yet.

I made a comment Monday in our live class not to get overly excited or more bullish, looking for more new trades just because Monday was a great up trend day. I said my experience is in the past we needed a couple more days of follow-through buying to become more bullish.

First day up and the next two days down at the beginning of a new month is what I call a bear flag, or it can be a warning to bulls you can buy your ideas a cheaper price. Be patient if looking for a buy trade. We may have to wait for Friday morning or who knows, next week for some hint real bulls are able to regain control.

Some of the selling rotation picked up yesterday has returned more quickly today. That suggests persistent selling or hedging strategies going on. It is hard to tell how real the selling is... but it is worth mentioning.