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Zacks.com Announces That Jack Schannep Highlights the Following Issues: Spiders and Diamonds.

CHICAGO -- The Dow Transports are leading the way. But where are we heading? Jack Schannep says the market will continue to reach higher levels in the latter half of the year, and offers several technical and historical indications to support his thesis. Read about Spiders (AMEX:SPY) and Diamonds (AMEX:DIA). Jack Schannep is editor of the Schannep's Timing Indicator and the Dow Theory newsletter. Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84

Here are the highlights from the Featured Expert column:

From Saving the Day to Leading the Way from July 1

Jack Schannep, who deals in Spiders (AMEX:SPY) and Diamonds (AMEX:DIA), likes to think the above describes our Armed Forces in Iraq and Afghanistan, but what it certainly describes is the Dow Jones Transportation Average. The market did indeed push through on the upside and surpass each of the 'Recent Bounce Highs', except for the NYSE Composite. The Transports had already taken out the '1st Bounce Highs' and have since surpassed not only the 'Recent Bounce Highs' but also the '2004 Highs'!! Now that's leadership!

And it's not doing it alone, if you will look at the 29 'Major Stock Indexes' shown daily in the Wall Street Journal you will see that 27 of them are in plus territory for 2004. Only the Dow Jones Industrials and the NASDAQ Computer index show losses this year.

Consumer Confidence just came roaring in to a reading above 100 for the first time in this cycle, and a new high for this year. As you know from the 'Special Report' it usually tops out well before the market does and usually well above the 100 level. Imagine what a successful outcome in Iraq and Afghanistan would do for it and the market!

The BOTTOM LINE:

With the year half over, and probably the Bull market as well, let's look at some of the reasons to think each will continue to higher levels in the latter half of each. First of all, when Schannep's Indicators give Buy signals as each have, advances invariably follow. The average gain after a Dow Theory, Schannep Timing Indicator, or COMPOSITE Indicator Buy signal has been between 41% and 47% which equates to 11,770-12,440 as shown a year ago in the 7/1/03 Letter "Target Practice".

Read Jack Schannep's complete market overview by clicking: http://at.zacks.com/?id=85

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 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 newsletter. Get your free subscription to "Profit from the Pros" at: http://at.zacks.com/?id=86

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 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://at.zacks.com/?id=87

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 to buy or sell any security.
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Publication:Business Wire
Date:Jul 12, 2004
Words:715
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Zacks.com Announces that Jack Schannep Highlights the Following Issues: Diamonds and Spiders.
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Zacks.com Announces that Jack Schannep Highlights the Following Issues: Spiders and Diamonds.
Zacks.com Announces that Jack Schannep Highlights the Following Issues: Spiders and Diamonds.
Zacks.com Announces That Jack Schannep Highlights the Following Issues: Diamonds and Spiders.
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Zacks.com Announces That Jack Schannep Highlights the Following Issues: Spiders and Diamonds.
Zacks.com Announces That Jack Schannep Highlights the Following Issues: Spiders and Diamonds.

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