The Dow Jones Industrial Average, the S&P 100 and the NASDAQ 100 moved lower for the week.

The daily Squeezeometer signals for the S&P 100 and the NASDAQ 100 remain in downtrend on a daily basis. The weekly and monthly Squeezeometer signals for the NASDAQ 100 and the S&P 100 remain in downtrends.

Our 14-day choppiness index for the NASDAQ 100 moved from 59 to 47, while the S&P 100 moved from 54 to 60. This index ranges from 0 to 100, and the lower it goes the more a trend is evolving.

The NASDAQ 100 moved below its weekly DMA Channel as did the S&P 100. We note our Erlanger Big Barf Indicator (EBB) moved from -15.84 to -18.55.

The top five areas facing the market in this trading week are:

1. Geopolitical Events. On Monday the Presidents of the Dallas and Chicago Federal Reserves will speak. Philadelphia Federal Reserve President Plosser will speak on Wednesday. On Thursday Minneapolis Federal Reserve President Stern will talk about the bailout and its implications.

2. Economic Releases. There are no releases of note this week other than the weekly oil/gas numbers.

3. Earnings Releases. Earnings season begins this week with Alcoa and General Electric. See the earnings section.

4. Conferences. There are several conferences of note this week. See the conferences section.

5. Company, Analyst and Regulatory Meetings. To view our Type 1 Short Squeezes and Type 4 Long Squeezes that present at meetings this week, simply review each day.

Our take on regulation, the need for unfettered short selling, and the state of the stock market.