Fundamental Analysis

Dear Trader,

TSG Stock Market Letter
Week Ending April 10, 2009
Topics Discussed This Week:

* Rally five weeks old...
* Leaders jump out
* Falling consumer spending in the spotlight
* Still in sell mode but...
* Elliott says a correction still due...but...

Stocks finished their fifth consecutive week of gains. Given the
weak performances Monday ...

Better than feared UK manufacturing data and a report by the NIESR that gdp growth stabilised at -1.5% q/q in the 3-month period to March supported sterling against the euro.

Dear Trader,

TSG Stock Market Letter
Week Ending April 3, 2009
Topics Discussed This Week:

* Rally still going...?
* Leaders lagging
* The new earnings season kicks off
* Case-Shiller implies worst home price declines may be over
* Economic metrics also leveling
* We're still in sell mode
* Elliott Wave outlook remains bearish

It was another ...