Stock Market Commentary for 4/22/08

Monday major equity indices finished mixed, but this could also be viewed positively considering last week's stellar advances, and considering the surprise earnings shortfall reported by Bank of America before the market opened. In all, market conditions are now much stronger than they have been for more than six months. Our Viable Acquisitions Index reading is now at 404, the highest it has been in over a year. And you can see that so many stocks were identified as viable investments by our computer algorithm that we are once again not reporting those stocks in the +4 hold category. It is also apparent from the HHI Index that selected energy stocks are strong at present, as are steel and agricultural chemical stocks. It once again appears to be a good time to be fully invested in carefully chosen and well diversified stocks. Due to travels this week, it will not be possible for me to report again until next week.

Best wishes, GH

The HHI Index for Tuesday, April 22, 2008 is as follows:

+7 (very strong buy) — XIDE, LNN, MTL, FEED, CLF, PCX, POT, CF, UFPT, MEE, BUCY, AGU, DGLY, SWN, /

+6 (strong buy) — JRCC, GENC, SOL, ANR, MMR, JASO, CMP, MOS, AKS, ACI, SID, GTLS, PBT, GGB, SGY, TUP, DAR, HP, WLL, APA, RTP, /

+5 (buy) — PDO, REXX, WSCI, CPST, RDTA, FDG, NEU, MLNM, FSLR, TECUA, ICO, SCHN, PDC, EOG, NGS, RRC, HA, RTP, ARD, TNS, FCL, /

Daily Stock Market Commentary is accompanied by a daily Bible Reflection.

• Today's Bible Reflection: Reflections on Psalm 3
• Yesterday's Stock Market Commentary
• Yesterday's Bible Reflection: Reflections on Psalm 2
• What is the HHI Index?

_{The HHI Index is a list of stock ratings derived from a proprietary computer model and are being shared as a public service with no guarantee of or responsibility for trading success. Readers are strongly encouraged to do their own research and to exercise caution in all trading activity. Click here for an explanation of the HHI Index.}

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