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Adam Oliensis Profiles the Following Issues: S&P 500 Index and Philadelphia Semiconductor Index.


Business Editors

CHICAGO--(BUSINESS WIRE)--March 17, 2003

Take a closer look at the market with the extensive technical analysis of Adam Oliensis. Through detailed market commentary and specific information on a pair of major indices, this expert can keep you on your toes in this unpredictable environment. Get information on S&P 500 Index (CIN CIN cervical intraepithelial neoplasia.
Cervical intraepithelial neoplasia (CIN)
A term used to categorize degrees of dysplasia arising in the epithelium, or outer layer, of the cervix.
:SPX (Sequenced Packet EXchange) The transport layer protocol in the NetWare operating system. Similar to the TCP layer in TCP/IP, it ensures that the entire message arrives intact. SPX uses NetWare's IPX as its delivery mechanism. ) and Philadelphia Semiconductor Index (PHLX PHLX

See: Philadelphia Stock Exchange


PHLX

See Philadelphia Stock Exchange (PHLX).
:SOX (1) (Schema for Object-oriented XML) An XML schema developed by Veo Systems and Muzino Communications, which was submitted to the W3C. SOX is based on DTD, but adds data typing and reuse mechanisms. ). Click here for the full story exclusively on Zacks.com: http://featuredexpert2bw.zacks.com/

Here are the highlights from the Featured Expert column:

THE SQUAWK (from the Closing Bell on 3/13/03)

The war trade unwinding. That's probably the best way to describe Thursday's session. The economic news isn't what spurred the stock market higher. The news that spurred buyers seems to be the rumor of secret negotiations with Iraqi military officials regarding surrender. Or maybe the market is just feeling around at 1) the notion that the war will be quick and quickly won and 2) a technical market bottom.

A LOOK DOWN THE MARKET'S THROAT

While Adam Oliensis would anticipate some more upside Upside

The potential dollar amount by which the market or a stock could rise.

Notes:
This is basically an educated guess on how high a stock could go in the near future.
See also: Bull, Downside
 in the short-term, he'd be hesitant to call a major bottom at this point. Of course it could be, but in the context of the still-pending war, and the now-approaching Earnings Warning Season, bullish Bullish

Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook.


bullish 
 continuation from here could face some stiff headwinds.

On a closing basis, the S&P 500 Index (CIN:SPX) broke the 20-dma and the Volume Weighted Moving Averages at 829 that Oliensis looked at recently, but just barely. He's looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 some follow-through, but will take seriously resistance either near 850 or in the 870s.

The Philadelphia Semiconductor Index (PHLX:SOX) broke out huge. It closed solidly above the R3 line and broke the upper boundary of its symmetrical triangle. As long as it holds above R3 (302) it looks ripe to test 344-350. R1 at 370 could present resistance as well, as it did last November.

Stay ahead of the curve by getting Adam Oliensis' market information everyday, and make sure to take a look at his charts and portfolios while learning his technical indicators technical indicator

A variable used when technically analyzing the market to determine when to invest and which stocks to select. Technical indicators include chart formations, volume, and odd-lot sales.
, by clicking: http://featuredexpert3bw.zacks.com/

About Zacks Featured Experts

To be a successful investor you need professional advice. Experts who know what they're talking about and can help you achieve your financial goals in good markets...and especially in bad ones will help you improve your portfolio. That is why Zacks Investment Research Zacks Investment Research

A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms.
 has assembled the best investment experts in the business to offer their powerful advisory newsletters to you on all the major investment topics: Stocks, Mutual Funds, Bonds, Options, Futures etc.

Recommendations from Featured Experts Highlighted in FREE Investment Newsletter

The best way to tap into the powerful advice from these experts is through our free weekly e-mail newsletter, "Profit from the Pros". Each week we highlight several Featured Experts in this free e-mail See Internet e-mail service.  newsletter. Get your free subscription to "Profit from the Pros" at: http://www.freeprofit1bw.zacks.com

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1981 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind our work is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. Our goal is to unlock their profitable insights for our customers. And there is no better way to enjoy this investment success, than with a FREE subscription to "Profit from the Pros" weekly e-mail newsletter. For your free newsletter, visit http://www.freeprofitbw.zacks.com

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation solicitation

In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual
 to buy or sell any security.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
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Publication:Business Wire
Date:Mar 17, 2003
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