My Stock Winners

EntreMetrix Inc. (ERMX)
$0.18

Heavy trading today as ERMX announced its launch of digital support
tools for its portfolio companies. Brokers are getting ahead of this
steady climb as they grab up large blocks of shares for there clients.
Look at the numbers and get on ERMX Friday morning!

Joseph Kaplan, Professor of Physics at UCLA, was appointed Chairman of
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And to be a leader, the company needs to have or build a competitive
edge, such as size or technology, which allows it to be influential.
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The National Archives, Washington, D.

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During the IGY, there were many accomplishments. Little did he know
that he would save not one but two lives during his visit. DC
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And to be a leader, the company needs to have or build a competitive
edge, such as size or technology, which allows it to be influential.

The Council presents findings to the Board on a quarterly basis. It
should be up in a day or two, so check back!

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New York, New York: McGraw-Hill Book Company.

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all settled. These Data Centers not only preserve historical data, but
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“He’s the very best, amazing, so kind,” Michael said.

and Underweysung der Messung’,'De Symmetria.

Telecommunications (TTH)
Bullish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment: Wall Street and Main Street both remain skeptical of the telecommunications bunch. Short interest has steadily chugged higher during the past three months, increasing nearly 50%. What’s more, the collective bunch has among the lowest “buy” percentage among the sectors that we track, with 29.5%. There are 58.4% “hold” ratings from the 166 total analysts’ opinions on telecom names, along with a hefty 12.1% “sells.” If any of the bears have a change in opinion, upgrades could continue to fuel a nice rally in the sector.

Outlook: The Telecom HOLDRS Trust (TTH ?40.70) bounced back on Friday to reclaim the support of its ascending 20-day moving average after pulling back with the rest of the broad market. What’s more, the exchange-traded fund (ETF) continues to hold support at the 40 level as it consolidates into its rising 10-week moving average. This trendline, in combination with the ETF’s 20-week moving average, has supported the security since late July 2006.

Materials (XLB)
Bullish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment: Investors remains extremely skeptical of the Select Sector SPDR Materials Fund (XLB ?40.40). Options players have loaded up on put positions, pushing the Schaeffer’s put/call open interest ratio up to 5.25. In others words, put open interest among near-term options outnumbers call open interest by more than 5 to 1. In addition, the number of XLB shares sold short spiked by 27% in May to a 2-year high of 17.6 million. An unwinding of these bearish positions could help to add more fuel to the sector’s rally.

Outlook: The ETF bounced off support at its rising 50-day moving average last week, launching the shares back above support at their 20-day trendline. From a longer-term perspective, XLB has been in a solid uptrend along the support of its 10-week and 20-week moving averages since September 2006. Furthermore, the ETF has tacked on more than 16% since the start of the year, easily outpacing the broad market.

Airlines (XAL)
Bearish
Sector trading above its…
20-day Moving Average: NO
50-day Moving Average: NO
100-day Moving Average: NO

Sentiment: Investors have shrugged off the weight of rising fuel costs within the airline industry and continue to view the sector with complacency. Of the 61 analysts’ ratings on airline stocks, 52.5% of them are “buys.” While this doesn’t indicate that bullish sentiment is at a peak, exactly, it is rather cheerful given the performance of many component stocks of late. Additionally, the sector’s composite put/call open interest ratio weighs in at 0.81, lower than almost 73% of the past year’s worth of readings, suggesting a bullish lean from the options-trading contingent.

Outlook: The AMEX Airlines Index (XAL ?50.40) was recently rejected by resistance at its 50-day moving average and has continued its downtrend. Last week, the index shed nearly 4%, which was far steeper than the less than 2% pullback in the SPX during the same time frame. The index is also feeling pressure from its declining 20-day trendline. Fundamental and technical challenges should continue to stifle the XAL for the foreseeable future.

Telecommunications (TTH)
Bullish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment: Pessimism dominates the sentiment backdrop of the telecommunications sector despite its impressive technical uptrend. In fact, Wall Street continues to wager against the group. Of the 160 analysts ratings on the components of the Telecommunications HOLDRS Trust (TTH ?40.80), less than 30% come in at a “buy,” while a robust 11% rate them a “sell.” This bearish configuration leaves ample room for potential upgrades across the sector.

Outlook: Technically speaking, the ETF continues to consolidate its recent gains along support at the 40.50 level. The security is also moving into support at its ascending 20-day moving average, which has carried the shares higher since mid-March. What’s more, the trust remains in a long-term uptrend, rising along the support of its ascending 10-week and 20-week moving averages. As pessimism toward telecommunications stocks unwinds, it should add more buying pressure, keeping the group aloft.

Utilities (UTH)
Bullish
Sector trading above its…
20-day Moving Average: NO
50-day Moving Average: NO
100-day Moving Average: YES

Sentiment: Skepticism is extremely heavy in the sentiment backdrop of the utilities sector as well. Wall Street has placed some heavy bets against the group as less than 27% of the 189 analyst ranking on the components of the utilities sector come in at a “buy.” Any upgrades from this dour group could help to add more lift to this sector. Meanwhile, the number of Utilities HOLDRS Trust (UTH ?145.88) shares sold short rose by 2% in May, the ETF still has a hefty short-interest ratio, pointing to high levels of pessimism among short sellers.

Outlook: The shares of UTH fell sharply last week, dropping below support at their 20-day moving average. However, the trust is still trading above support at its 80-day and 100-day trendlines. Furthermore, support in the form of the equity’s 20-week trendline is moving into the region to add another layer of support. UTH has finished only 3 weeks below this trendline in more than a year. A bounce off support at the 145 level could bring in more of the bears from the sidelines, pushing it even higher.

Airlines (XAL)
Bearish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: NO
100-day Moving Average: NO

Sentiment: Optimism permeates the sentiment backdrop of the airline sector despite its weak technical performance. Wall Street is enamored of the group, as roughly 52.5% of the analysts ratings on the components of the sector come in at “buy.” Any downgrades from this optimistic pack could fuel additional losses in this group. Options players have yet to levy heavy bearish bets against the group, as the composite Schaeffer’s put/call open interest ratio sits lower than roughly 61% of the readings taken during the past year. This complacency against the sector’s weak technical backdrop has bearish implications from a contrarian perspective.

Outlook: The AMEX Airlines Index (XAL ?51.35) remains in a steep intermediate-term downtrend beneath its 10-week and 20-week moving averages, which have acted as paired resistance since February. In addition, the index continues to be capped by resistance at its 50-day moving average. A rejection at either these trendlines could result in further downside as the remaining optimism unravels in the form of increased selling pressure.

Telecommunications (TTH)
Bullish
Trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment: Pessimism dominates the sentiment backdrop of the telecommunications sector despite its impressive technical uptrend. In fact, Wall Street continues to wager against the group. Of the 161 analysts ratings on the components of the Telecommunications HOLDRS Trust (TTH ?40.47), less than 29% come in at a “buy,” while a robust 11% rate them a “sell.” This bearish configuration leaves ample room for potential upgrades across the sector. What’s more, the number of the exchange-traded fund’s (ETF) shares sold short jumped sharply in April, pushing its short-interest ratio even higher to more than 10 days to cover. This growing short interest underscores the pessimism that continues to surround the sector.

Outlook: Technically speaking, the ETF has overtaken psychological chart resistance at the 40 mark and hit a new annual high late last week. What’s more, the trust remains in a long-term uptrend, rising along the support of its ascending 10-week and 20-week moving averages. As pessimism toward telecommunications stocks unwinds, it should add more buying pressure, keeping the group aloft.

Sector
Utilities (UTH)
Bullish
Trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment: Skepticism is extremely heavy in the sentiment backdrop of the utilities sector as well. Wall Street has placed some heavy bets against the group as less than 27% of the 183 analyst ranking on the components of the utilities sector come in at a “buy.” Any upgrades from this dour group could help to add more lift to this sector. Despite the fact that the number of Utilities HOLDRS Trust (UTH ?151.80) shares sold short dropped by 12% in April, the ETF still has a hefty short-interest ratio, pointing to high levels of pessimism among short sellers.

Outlook: The shares of UTH have moved sideways recently, consolidating into support at their rising 20-day moving average and hurdling through the 150 level. In addition, an unwinding of the existing pessimism toward the sector should help to fuel further gains in the sector.

Sector
Airlines (XAL)
Bearish
Trading above its…
20-day Moving Average: YES
50-day Moving Average: NO
100-day Moving Average: NO

Sentiment: Optimism permeates the sentiment backdrop of the airline sector despite its weak technical performance. Wall Street is enamored of the group, as roughly 52.5% of the analysts ratings on the components of the sector come in at “buy.” Any downgrades from this optimistic pack could fuel additional losses in this group. Options players have yet to levy heavy bearish bets against the group, as the composite Schaeffer’s put/call open interest ratio sits lower than roughly 70% of the readings taken during the past year. This complacency against the sector’s weak technical backdrop has bearish implications from a contrarian perspective.

Outlook: The AMEX Airlines Index (XAL ?51.26) remains in a steep intermediate-term downtrend beneath its 10-week and 20-week moving averages, which have acted as paired resistance since February. In addition, the XAL’s 50-day moving average is also approaching the shares and could add another layer of resistance, keeping the group moving lower during the near term. A rejection at either these trendlines could result in further downside as the remaining optimism unravels in the form of increased selling pressure.

Telecommunications (TTH)
Bullish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment: Pessimism dominates the sentiment backdrop of the telecommunications sector despite its impressive technical uptrend. In fact, Wall Street has turned its back on the components of this sector. Of the 160 analysts ratings on the components of the Telecommunications HOLDRS Trust , less than 31 percent come in at a “buy,” while an impressive 10 percent rate them a “sell.” This bearish configuration leaves ample room for potential upgrades. What’s more, the number of the exchange-traded fund’s (ETF’s) shares sold short jumped sharply in April, pushing its short-interest ratio even higher. This growing short interest underscores the pessimism that continues to surround the sector.

Outlook: Technically speaking, the ETF quickly rebounded last week, scrambling back above support at its rising 20-day moving average to tag a fresh five-year high. The sector remains in a long-term uptrend, rising along the support of its ascending 10-week and 20-week moving averages. As pessimism toward telecommunications stocks unwinds, it should add more buying pressure, keeping the group aloft.

Utilities (UTH)
Bullish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment: Skepticism is extremely heavy in the sentiment backdrop of the utilities sector. Wall Street has placed some heavy bets against the group as only 27 percent of the 181 analyst ranking on the components of the utilities sector come in at a “buy.” Any upgrades from this dour group could help to add more lift to this sector. Despite the fact that the number of Utilities HOLDRS Trust shares sold short dropped by 12 percent in April, the ETF still has a hefty short-interest ratio, pointing to high levels of pessimism among short sellers.

Outlook: After recently hitting a new all-time high, the ETF pulled back to support at its rising 20-week moving average and is currently resting on support at its ascending 10-day moving average. This short-term trendline should help to carry the trust through the 150 level once again. In addition, an unwinding of the existing pessimism toward the sector should help to fuel further gains in the sector.

Airlines (XAL)
Bearish
Sector trading above its…
20-day Moving Average: NO
50-day Moving Average: NO
100-day Moving Average: NO

Sentiment: Optimism permeates the sentiment backdrop of the airline sector despite its weak technical performance. Wall Street is enamored of the group, as roughly 52.5 percent of the analysts ratings on the components of the sector come in at “buy.” Any downgrades from this optimistic pack could fuel additional losses in this group. Options players have yet to levy heavy bearish bets against the group as the composite Schaeffer’s put/call open interest ratio sits lower than roughly 60 percent of the readings taken during the past year. This complacency against the sector’s weak technical backdrop has bearish implications from a contrarian perspective.

Outlook: The AMEX Airlines Index bounced back last week, climbing above the 50 level. However, it is currently contending with resistance at its 10-day and 20-day moving averages. Furthermore, the rebound in the index failed to carry it back above its 100-week moving average. A rejection at this trendline could result in further downside as the remaining optimism unravels in the form of increased selling pressure.

Telecommunications (TTH)
Bullish
Sector trading above its…
20-day Moving Average: NO
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment: Pessimism dominates the sentiment backdrop of the telecommunications sector despite its impressive technical uptrend. In fact, Wall Street has turned its back on the components of this sector. Of the 161 analysts ratings on the components of the Telecommunications HOLDRS Trust (TTH – 37.83), less than 31 percent come in at a “buy,” while an impressive 10.6 percent rate them a “sell.” This bearish configuration leaves ample room for potential upgrades. What’s more, the number of the exchange-traded fund’s (ETF’s) shares sold short jumped sharply in April, pushing its short-interest ratio even higher. This growing short interest underscores the pessimism that continues to surround the sector.

Outlook: Technically speaking, the ETF pulled back slightly last week, breaking through support at its rising 20-day moving average as investors took some profits off the table. However, the trust has support in the form of its 50-day trendline rising into the region, which should help to buoy the shares in the near term.

Utilities (UTH)
Bullish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment: Skepticism is extremely heavy in the sentiment backdrop of the utilities sector. Wall Street has placed some heavy bets against the group as only 27 percent of the 181 analyst ranking on the components of the utilities sector come in at a “buy.” Any upgrades from this dour group could help to add more lift to this sector. Despite the fact that the number of Utilities HOLDRS Trust (UTH – 148.70) shares sold short dropped by 12 percent in April, the ETF still has a hefty short-interest ratio, pointing to high levels of pessimism among short sellers.

Outlook: During trading last week, the ETF hit yet another all-time high, breaking through the 150 level before pulling back slightly on Friday to digest some of its gains. The trust is trekking higher along the steadfast support of its ascending 10-day and 20-day moving averages An unwinding of the existing pessimism toward the sector should help to fuel additional gains.

Airlines (XAL)
Bearish
Sector trading above its…
20-day Moving Average: NO
50-day Moving Average: NO
100-day Moving Average: NO

Sentiment: Optimism permeates the sentiment backdrop of the airline sector despite its weak technical performance. Wall Street is enamored of the group, as roughly 62 percent of the analysts ratings on the components of the sector come in at “buy.” Any downgrades from this optimistic pack could fuel additional losses in this group. Options players have yet to levy heavy bearish bets against the group as the composite Schaeffer’s put/call open interest ratio sits lower than roughly 60 percent of the readings taken during the past year. This complacency against the sector’s weak technical backdrop has bearish implications from a contrarian perspective.

Outlook: After being rejected by resistance at the 56 level and its declining 50-day moving average, the AMEX Airlines Index (XAL – 50.11) dropped sharply, breaking through former support at the 52 level. In fact, the index is now trading at its lowest level since October 10. In the index is also below its 100-week moving average, leaving it vulnerable to additional downside as the remaining optimism unravels in the form of increased selling pressure.

Telecommunications (TTH)
Bullish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment: Pessimism dominates the sentiment backdrop of the telecommunications sector despite its impressive technical uptrend. In fact, Wall Street has turned its back on the components of this sector. Of the 162 analysts ratings on the components of the Telecommunications HOLDRS Trust (TTH ?38.62), less than 31 percent come in at a “buy,” while an impressive 10.5 percent rate them a “sell.” This bearish configuration leaves ample room for potential upgrades. What’s more, the number of the ETF’s shares sold short jumped sharply in April, pushing its short-interest ratio even higher. This growing short interest underscores the pessimism that continues to surround the sector.

Outlook: Technically speaking, the ETF bounced off its 10-day trendline on Friday and tagged a fresh five-year high at $38.62. TTH also has support in the form of its ascending 10-week and 20-week trendlines climbing into the region. As the sector continues to rally, it should force the bears to unload their pessimistic positions, which will add more buying pressure to the group.

Utilities (UTH)
Bullish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment: Skepticism is extremely heavy in the sentiment backdrop of the utilities sector. Wall Street has placed some heavy bets against the group as only 27 percent of the 180 analyst ranking on the components of the utilities sector come in at a “buy.” Any upgrades from this dour group could help to add more lift to this sector. Despite the fact that the number of Utilities HOLDRS Trust shares sold short dropped by 12 percent in April, the ETF still has a hefty short-interest ratio, pointing to high levels of pessimism still among short sellers.

Outlook: During trading last week, the ETF hit yet another all-time high and continues to sit on support from its ascending 10-day moving average. The trust also has additional support in the form of its ascending 20-day trendline climbing into the region to help carry it higher. The security also has strong support in the form of its rising 10-week and 20-week moving averages, which can help to buoy the shares.

Airlines (XAL)
Bearish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: NO

Sentiment: The airline sector continues to be blanketed in optimism despite its weak technical performance. Wall Street is enamored of the group, as roughly 65 percent of the analysts ratings on the components of the sector come in at “buy.” Any downgrades from this optimistic pack could fuel additional losses in this group. Options players have yet to levy heavy bearish bets against the group as the composite Schaeffer’s put/call open interest ratio sits in the middle of its annual range. This complacency against the sectors weak technical backdrop has bearish implications from a contrarian perspective.

Outlook: After being rejected by resistance at the 56 level, the XAL has dropped below potential support at its 10-day and 20-day moving averages. It appears the index is now poised to pull back for another test of support at the 52 level.

Telecommunications (TTH)
Bullish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment: Investors continues to make heavy bets against the telecommunications sectors despite its strong uptrend. In fact, Wall Street has turned its back on the components of this sector. Of the 162 analysts ratings on the components of the Telecommunications HOLDRS Trust only 31.5 percent come in at a “buy,” while an impressive 10 percent rate them a “sell.” This bearish configuration leaves ample room for potential upgrades. What’s more, the ETF’s short-interest ratio comes in at five times the equity’s average daily trading volume, indicating that investors have yet to shed their bearish bets toward the sector.

Outlook: Technically speaking, the ETF pulled back to support at its ascending 20-day moving average last week and continues to hold support at the 37.50 level. A bounce off these two levels should result in another annual high for the security.

Utilities (UTH)
Bullish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment: Skepticism is extremely heavy in the sentiment backdrop of the utilities sector. Wall Street has placed some heavy bets against the group as only 27 percent of the 180 analyst ranking on the components of the utilities sector come in at a “buy.” Any upgrades from this dour group could help to add more lift to this sector. Despite the fact that the number of Utilities HOLDRS Trust (UTH ?143.95) shares sold short dropped by 16 percent in March, the ETF still has a short-interest ratio of more than six, pointing to high levels of pessimism still among short sellers.

Outlook: The ETF hit a fresh all-time high last week of 145.35 and is now resting on support at its ascending 10-day moving average. The trust also has additional support in the form of its ascending 20-day trendline climbing into the region to help carry it higher. The security also has strong support in the form of its rising 10-week and 20-week moving averages, which can help to buoy the shares.

Nasdaq-100 Trust (QQQQ)
Bearish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment: Investors have high hopes when it comes to large-cap technology issues. The Nasdaq-100 Trust (QQQQ ?44.65) continues to see significantly less put activity than the iShares Russell 2000 Index Fund (IWM), whose SOIR comes in well above 2.0. In addition, many of its major components such as Dell have SOIRs in the lower half of their annual readings despite the fact that they are showing signs of technical weakness.

Outlook: From a technical perspective, the trust has rallied back into technical resistance at the 45 level. This region has capped the shares on a number of occasions during the past several months. Furthermore, the 45 strike is the site of heavy call open interest in the April series, with roughly 265,000 contracts in residence. This accumulation of bullish bets could add another layer of overhead resistance to the 45 level. In addition, a number of large-cap tech stocks such as IBM, Intel, and Google have rallied into staunch resistance at their 80-month moving averages just ahead of their upcoming earnings reports. A weak earnings report from these companies matched with technical resistance could result in a sharp decline for the securities.

Financials (XLF)
Bullish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: NO
100-day Moving Average: NO

Sentiment: Options traders continue to show an overwhelming preference for puts over calls toward the Select Sector SPDR Financials Fund (XLF –35.63). The Schaeffer’s put/call open interest ratio (SOIR) for the exchange-traded fund (ETF) comes in at 6.64, as put open interest is nearly seven times call open interest among options with fewer than three months until expiration. This ratio is also higher than 84 percent of those taken during the past 52 weeks. In fact, peak put open interest in the April series rests at the 35 strike with roughly 266,000 contracts. This accumulation of bearish bets not only indicates high levels of pessimism, but the buildup could also act as a layer of options-related support.

Outlook:Technically speaking, the ETF lost some ground last week, but it is currently holding onto support at its 20-day moving average and is struggling to regain the support of its 10-day trendline. In addition, XLF continues to benefit from the combined support of heavy put option interest at the 35 strike and its rising 50-week moving average. Since the end of October, the ETF has finished only one week below this intermediate-term trendline. This combination of pessimism and growing technical strength has bullish implications from a contrarian perspective.

Sector
Utilities (UTH)
Bullish Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment:Skepticism is extremely heavy in the sentiment backdrop of the utilities sector. Wall Street has placed some heavy bets against the group as less than 28 percent of the 179 analyst ranking on the components of the utilities sector come in at a “buy.” This bearish configuration leaves ample room for potential upgrades. Despite the fact that the number of Utilities HOLDRS Trust (UTH – 140.82) shares sold short dropped by 16 percent in March, the ETF still has a short-interest ratio of more than six, pointing to high levels of pessimism still among short sellers.

Outlook:Last week saw the UTH consolidate some of its recent gains as it moved sideways into support at its 10-day and 20-day moving averages. What’s more, the ETF managed to tag a new all-time high of 142.26 in trading last week. The security also has strong support in the form of its rising 10-week and 20-week moving averages, which can help to buoy the shares. Additional support in the form of the ETF’s rising 10-month trendline is also climbing into the region and should help to buoy the shares.

Financials (XLF)
Bullish

Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: NO
100-day Moving Average: NO

Sentiment: Options traders continue to show an overwhelming preference for puts over calls toward the Select Sector SPDR Financials Fund (XLF ?6.20). The Schaeffer’s put/call open interest ratio (SOIR) for the exchange-traded fund (ETF) comes in at 6.73, as put open interest is nearly seven times call open interest among options with fewer than three months until expiration. This ratio is also higher than 86 percent of those taken during the past 52 weeks. In fact, peak put open interest in the April series rests at the 35 strike with roughly 264,000 contracts. This accumulation of bearish bets not only indicates high levels of pessimism, but the buildup could also act as a layer of options-related support.

Outlook:Technically speaking, the ETf gained ground last week with the rest of the broad market and climbed back above its 20-day moving average. In addition, XLF continues to benefit from the combined support of heavy put option interest at the 35 strike and its rising 50-week moving average. Since the end of October, the ETF has finished only one week below this intermediate-term trendline. This combination of pessimism and growing technical strength has bullish implications from a contrarian perspective.

Utilities (UTH)
Bullish Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment:Skepticism is extremely heavy in the sentiment backdrop of the utilities sector. Wall Street has placed some heavy bets against the group as less than 27 percent of the 178 analyst ranking on the components of the utilities sector come in at a “buy.” This bearish configuration leaves ample room for potential upgrades. Despite the fact that the number of Utilities HOLDRS Trust (UTH ?140.86) shares sold short dropped by 16 percent in March, the ETF still has a short-interest ratio of more than six, pointing to high levels of pessimism still among short sellers.

Outlook:UTH shot higher last week, pushing through resistance at the 135 level. The ETF is now less than one percent away from the all-time high of 142.17 it reached on February 26. The security also has strong support in the form of its rising 10-week and 20-week moving averages, which can help to buoy the shares. Additional support in the form of the ETF’s rising 10-month trendline is also climbing into the region and should help to buoy the shares.

Financials (XLF)
Bullish
Sector trading above its…
20-day Moving Average: NO
50-day Moving Average: NO
100-day Moving Average: NO

Sentiment: Options traders continue to show an overwhelming preference for puts over calls toward the Select Sector SPDR Financials Fund (XLF ?35.02). The Schaeffer’s put/call open interest ratio (SOIR) for the ETF comes in at 3.92, as put open interest is nearly times call open interest among options with fewer than three months until expiration. In fact, peak put open interest in the April series rests at the 35 strike with roughly 192,000 contracts. This accumulation of bearish bets not only indicates high levels of pessimism, but the buildup could also act as a layer of options-related support.

Outlook:Technically speaking, the XLF has the combined support of heavy put option interest at the 35 strike and its rising 50-week moving average. Since the end of October, the ETF has finished only one week below this intermediate-term trendline. This combination of pessimism and growing technical strength has bullish implications from a contrarian perspective.

Sector
Utilities (UTH)
Bullish Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment:Skepticism is extremely heavy in the sentiment backdrop of the utilities sector. Wall Street has placed some heavy bets against the group as less than 27 percent of the 177 analyst ranking on the components of the utilities sector come in at a “buy.” This bearish configuration leaves ample room for potential upgrades. In addition, the SOIR for the Utilities HOLDRS Trust (UTH ? 135.13) indicates that put open interest continues to outweigh call open interest among near-term options. The current reading of 1.23 is now higher than 62 percent of those taken during the past 52 weeks.

Outlook: The UTH continues to consolidate its recent gains and is moving into support at its rising 10-week and 20-week moving averages. Additional support in the form of the ETF’s rising 10-month trendline is also climbing into the region and should help to buoy the shares.

Telecommunications (TTH)
Bullish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment:Despite the fact that the telecommunications sector remains in a strong uptrend, we continue to see signs of heavy pessimism in the sector’s sentiment backdrop. The composite Schaeffer’s put/call open interest ratio for the sector currently rests at 0.81, which is higher than 88 percent of the readings taken during the past 52 weeks. What’s more, of the 166 analyst rating on the components of the sector, only 34 percent come in at a “buy.” This bearish configuration leaves ample room for potential downgrades.

Outlook:The Telecommunications HOLDRS Trust (TTH 36.55) spent the majority of last week consolidating its recent gains and is now perched on support at its ascending 20-day moving average. This short-term trendline has guided the exchange-traded fund (ETF) higher since late July. As pessimistic sentiment toward the sector unwinds, the ETF should enjoy further technical upside as fresh buying power moves in to lift the shares.

Utilities (UTH)
Bullish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment:Skepticism is extremely heavy in the sentiment backdrop of the utilities sector. Wall Street has placed some heavy bets against the group as less than 25 percent of the 173 analyst ranking on the components of the utilities sector come in at a “buy.” This bearish configuration leaves ample room for potential upgrades. Furthermore, the number of Utilities HOLDRS Trust (UTH ?135.61) shares sold short increased by two percent in January to 2.9 million. This accumulation of bearish bets is more than 15 times the ETF’s average daily trading volume.

Outlook: In trading last week, UTH took out resistance at the 133.50 level and tagged a fresh all-time high at 135.75. With the support of its long- and short-term moving averages, we expect the sector to continue to rally as the bears leave the sidelines and jump on this strong performer.

Oil Services Sector (OSX)
Bearish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment:Investors look on the oil services sector with optimism despite the fact that it continues to struggle from a technical point of view. Options players have yet to fully shed their optimistic stance toward the group. The Schaeffer’s put/call open interest ratio for the Oil Services HOLDRS Trust (OIH ?139.32) comes in at 1.26, which is lower than nearly two-thirds of the reading taken during the past 52 weeks. Elsewhere, analyst rankings on the sector indicate that roughly 71 percent are “buys” or higher out of the 202 ratings offered up on the components of the group.

Outlook:The PHLX Oil Services Sector (OSX 201.40) bounced back last week on strength in the price of crude oil, but was once again stopped by resistance at the 200-202 region. This area has hindered the index’s rally attempts since mid-August. The OSX is also encountering some resistance at its 50-week moving average.

Telecommunications (TTH)
Bullish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment:Pessimism continues to dominate the sentiment backdrop of the telecomm sector. The composite Schaeffer’s put/call open interest ratio for the sector currently rests at 0.80, which is higher than 88 percent of the readings taken during the past 52 weeks. What’s more, of the 166 analyst rating on the components of the sector, only 35 percent come in at a “buy.” This bearish configuration leaves ample room for potential downgrades.

Outlook:The Telecommunications HOLDRS Trust (TTH ? 35.97) pulled back with the rest of the market on Friday, but managed to hold onto support at its rising 20-day moving average. As pessimistic sentiment toward the sector unwinds, the exchange-traded fund (ETF) should enjoy further technical upside as fresh buying power moves in to lift the shares.

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Utilities (UTH)
Bullish Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment:Skepticism is extremely heavy in the sentiment backdrop of the utilities sector. Wall Street has placed some heavy bets against the group as less than 26 percent of the 184 analyst ranking on the components of the utilities sector come in at a “buy.” This bearish configuration leaves ample room for potential upgrades. Furthermore, the number of Utilities HOLDRS Trust (UTH ? 132.50) shares sold short increased by two percent in January to 2.9 million. This accumulation of bearish bets is more than 15 times the ETF’s average daily trading volume.

Outlook: Technically speaking, the ETF continued to claw its way higher last week, closing the week with a gain. The trust is currently battling resistance in the 133.50 region, which capped the shares from the beginning of December through the start of January

Telecommunications (TTH)
Bullish

Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment:Pessimism continues to dominate the sentiment backdrop of the telecomm sector. The composite Schaeffer’s put/call open interest ratio for the sector currently rests at 0.79, down from its peak, but still higher than 86.4 percent of the readings taken during the past 52 weeks. What’s more, of the 166 analyst rating on the components of the sector, only 37 percent from in at a “buy.” This bearish configuration leaves ample room for potential downgrades.

Outlook:The Telecommunications HOLDRS Trust (TTH – 36.63) continued its trek higher last week, as it tagged a fresh annual high of 36.66 along with the broad market. As pessimistic sentiment toward the sector unwinds, the exchange-traded fund (ETF) should enjoy further technical upside as fresh buying power moves in to lift the shares.

Telecommunications (TTH): Bullish

Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES

Sentiment:Pessimism continues to dominate the sentiment backdrop of the telecomm sector. The composite Schaeffer’s put/call open interest ratio for the sector currently rests at 0.80, down from its peak, but still higher than 88 percent of the readings taken during the past 52 weeks. What’s more, of the 164 analyst rating on the components of the sector, only 37.2 percent from in at a “buy.” This bearish configuration leaves ample room for potential downgrades.

Outlook:The Telecommunications HOLDRS Trust (TTH – 35.66) successfully bounced off support at its rising 100-day moving average to reclaim the support of both its 20-day and 50-day moving averages. The exchange-traded fund (ETF) continued its uptrend last week, tagging a fresh annual high.