Stock Market Commentary for 5/9/08

US equities rose modestly on Thursday in spite of record gasoline and oil prices, with oil crossing the $124 per barrel price for the first time. Stocks regained a tiny portion of their Wednesday losses on Thursday, but overall have been in a declining trend for the entire past week. Equity futures are also negative at this time for Friday's open. Our VAQ Index stands at 250 for Friday's open, signaling a somewhat saturated market with many securities near their 52-week highs.

From the computer algorithm stock selections it is apparent that energy and steel stocks are the leading sectors at present. It was again encouraging to see some sleeper stocks awakening, such as EMDH.OB that gained 9.86% and LBAS.OB that gained 1.74%.

Best wishes, GH

The HHI Index for Friday, May 9, 2008 is as follows:

+7 (very strong buy) — SUTR, GENC, GEOI, PCX, CLF, SGY, GGB, /

+6 (strong buy) — JRCC, CLR, ENER, MMR, MEE, EAC, MTL, SWN, ACI, ZEUS, AKS, SCHN, WTI, WLL, BUCY, /

+5 (buy) — CWEI, REXX, WLT, TACT, PDC, AMSC, FTI, MA, EOG, XEC, CLS, /

+4 (hold) — FEED, BPSG, X, BEXP, GHM, IPHS, ANR, ICO, CRK, FDG, COG, CPE, IDRA, CRZO, /

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

• Today's Bible Reflection: Reflections on Psalm 9
• Yesterday's Stock Market Commentary
• Yesterday's Bible Reflection: Reflections on Psalm 8
• 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.}