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The latest from the OptionsHunter session 05/25/2009

Major Market Indexes have great influence on the sectors, some lead, some lag.

SPY -  Weekly, as long as indicator is higher the second time from the first time with the new low price, this is a divergence.  The daily chart has a Double Top around 93 with a downside divergence this week, this could spill to the weekly but probably won't because the weekly MACD is still above the price. There is still a strong push to the upside but still has alot of inertia at the daily level.  In order to get back into call options, would need the blue line on the MACD to turn back to the upside.

SDS  - Daily has double bottom with MACD divergence, so look to hourly to confirm and hourly also had the DB with MACD divergence.

BG - weekly chart wanted to lead the price and it did when the daily turned back up.

CY - Weekly wants to lead higher, monthly strong, but not leading the price, has DT with downside, don't see upside entry and the downside is too iffy.

Gaming group -  Generalized weakness, IGT is the only one that may have some potential at this point.

Agricultural group - POT, MOS and BUNG, three strongest in the group, the others are just meandering.  AGA (AG Short fund x 2), moving lower which is a good sign for movement to the upside for agricultural stocks.

CAT - weekly is still strong, could turn higher, but have to witness a pattern on the daily or hourly for re-entry.  Need to have patience for re-entry into calls.