Insider Intelligence.com, the market day trading advisory service, has announced a new format for its Weekly Market Summary by market analyst Al Martin. The following is a FREE sample of the new improved format, published every week for subscribers.

SPX: Pursuant to our warning that the SPX remained consistently overbought, near term, above 1250, we aggressively shorted the SPHs last week, on rallies above 1260 (cash) early-midweek, covering at the 30 day SPX cycle low of 1249.25, in Friday's trade. With Friday's fresh cycle low, we would expect the SPX to fall back to test the more important 1240 support level in the coming week’s trade. Look for possible weakness in the Dec ISM series to provide possible breaks.

USH: Pursuant to our consistent warnings that the contract remained near-term overbought above 114.10, we progressively shorted the contract, in early-midweek trade, at the 114.16, 114.24 & 115.00 levels, covering around the 114.08 level, as the contract fell back to reality, in Friday's trade.