S&P  500  Stock  Index      (SPX)

Last  Price    -­‐ 1,335.10  

1,379

OR  E
1,359

1,339 Min
Max

1,319

1,299 SPX  
MSE
SPX  
1,279 CCM
RTY
LVS  
1,259 IND
SPTS
Chart  Legend  -­‐ Daily MEX
S/T Bear  Trend   S/T Bull  Trend  
#N/A  N/A 1,239 IBOV
Changes  Above 1,369.93   Changes  Below
SX5E
L/T Bear  Trend   #N/A  N/A L/T Bull  Trend   1,321.71   UKX
Changes  Above Changes  Below 1,219 CAC
20-­‐Day  Moving  Average 1,334.85   DAX
Current  Outlook  -­‐ ST  Bear  Trend  /  LT  Bull  Trend
50-­‐Day  Moving  Average 1,319.73   IBEX
1,199 FTSE
60.0 AEX
Bull  Trend Bear  Trend OM
40.0
SMI
20.0 NKY
0.0
-­‐20.0
-­‐40.0
-­‐60.0
-­‐80.0
-­‐100.0
1/10/11 1/18/11 1/25/11 2/1/11 2/8/11 2/15/11 2/23/11 3/2/11 3/9/11 3/16/11 3/23/11 3/30/11 4/6/11 4/13/11 4/20/11 4/28/11 5/5/11

Disclosure: This  material  is  provided  for  information  only  and  is  not  intended  as  a  recommendation  or  an  offer  or  solicitation  for  the  purchase  or  sale  of  
any  security  or  financial  instrument.  This  material  is  not  a  complete  analysis  of  all  material  facts  respecting  any  issuer,  industry  or  security  or  of  your  
investment  objectives,  parameters,  needs  or  financial  situation,  and  therefore  is  not  a  sufficient  basis  alone  on  which  to  base  an  investment  decision.  
Horowitz  &  Company  clients  may  hold  positions  (long  or  short)  in  investments  discussed.  Please  click  for  detailed  disclosures  and  additional  information  

5/5/2011
 Russell  2000  Stock  Index      (RTY)
Last  Price    -­‐ 829.24  

875

OR  E
855

Min
Max
835

815
RTY
MSE
SPX  
795 CCM
RTY
LVS  
IND
775 SPTS
Chart  Legend  -­‐ Daily MEX
S/T Bear  Trend   S/T Bull  Trend  
860.03   Changes  Below #N/A  N/A IBOV
Changes  Above SX5E
L/T Bear  Trend   872.76   L/T Bull  Trend   #N/A  N/A 755 UKX
Changes  Above Changes  Below
CAC
20-­‐Day  Moving  Average 840.28   DAX
Current  Outlook  -­‐ ST  Bear  Trend  /  LT  Bear  Trend
50-­‐Day  Moving  Average 827.03   IBEX
735 FTSE
60.0 AEX
Bull  Trend Bear  Trend OM
40.0 SMI
NKY
20.0

0.0

-­‐20.0

-­‐40.0

-­‐60.0
1/10/11 1/18/11 1/25/11 2/1/11 2/8/11 2/15/11 2/23/11 3/2/11 3/9/11 3/16/11 3/23/11 3/30/11 4/6/11 4/13/11 4/20/11 4/28/11 5/5/11

Disclosure: This  material  is  provided  for  information  only  and  is  not  intended  as  a  recommendation  or  an  offer  or  solicitation  for  the  purchase  or  sale  of  
any  security  or  financial  instrument.  This  material  is  not  a  complete  analysis  of  all  material  facts  respecting  any  issuer,  industry  or  security  or  of  your  
investment  objectives,  parameters,  needs  or  financial  situation,  and  therefore  is  not  a  sufficient  basis  alone  on  which  to  base  an  investment  decision.  
Horowitz  &  Company  clients  may  hold  positions  (long  or  short)  in  investments  discussed.  Please  click  for  detailed  disclosures  and  additional  information  

5/5/2011
 NASDAQ  Stock  Index      (CCMP)
Last  Price    -­‐ 2,814.72  
2,938

2,888
OR  E

2,838
Min
Max
2,788

2,738
CCM
MSE
2,688 SPX  
CCM
RTY
2,638 LVS  
IND
SPTS
Chart  Legend  -­‐ Daily MEX
S/T Bear  Trend   S/T Bull  Trend   2,588
#N/A  N/A Changes  Below 2,809.84   IBOV
Changes  Above SX5E
L/T Bear  Trend   #N/A  N/A L/T Bull  Trend   2,770.00   UKX
Changes  Above Changes  Below 2,538 CAC
20-­‐Day  Moving  Average 2,806.01   DAX
Current  Outlook  -­‐ ST  Bull  Trend  /  LT  Bull  Trend
50-­‐Day  Moving  Average 2,764.08   IBEX
2,488 FTSE
150.0 AEX
Bull  Trend Bear  Trend OM
100.0 SMI
50.0 NKY
0.0
-­‐50.0
-­‐100.0
-­‐150.0
-­‐200.0
1/10/11 1/18/11 1/25/11 2/1/11 2/8/11 2/15/11 2/23/11 3/2/11 3/9/11 3/16/11 3/23/11 3/30/11 4/6/11 4/13/11 4/20/11 4/28/11 5/5/11

Disclosure: This  material  is  provided  for  information  only  and  is  not  intended  as  a  recommendation  or  an  offer  or  solicitation  for  the  purchase  or  sale  of  
any  security  or  financial  instrument.  This  material  is  not  a  complete  analysis  of  all  material  facts  respecting  any  issuer,  industry  or  security  or  of  your  
investment  objectives,  parameters,  needs  or  financial  situation,  and  therefore  is  not  a  sufficient  basis  alone  on  which  to  base  an  investment  decision.  
Horowitz  &  Company  clients  may  hold  positions  (long  or  short)  in  investments  discussed.  Please  click  for  detailed  disclosures  and  additional  information  

5/5/2011
 DAX  INDEX      (DAX)
Last  Price    -­‐ 7,376.96  

7,630

OR  E
7,430

Min
Max
7,230

7,030
DAX
MSE
SPX  
6,830 CCM
RTY
LVS  
IND
Chart  Legend  -­‐ Daily SPTS
S/T Bull  Trend   6,630
S/T Bear  Trend  
#N/A  N/A Changes  Below 7,294.30   MEX
Changes  Above
IBOV
L/T Bear  Trend   #N/A  N/A L/T Bull  Trend   7,153.36  
SX5E
Changes  Above Changes  Below
6,430 UKX
20-­‐Day  Moving  Average 7,278.14  
CAC
50-­‐Day  Moving  Average 7,115.81  
Current  Outlook  -­‐ ST  Bull  Trend  /  LT  Bull  Trend DAX
IBEX
6,230 FTSE
600.0 AEX
Bull  Trend Bear  Trend OM
400.0
SMI
200.0 NKY
0.0
-­‐200.0
-­‐400.0
-­‐600.0
-­‐800.0
-­‐1,000.0
1/4/11 1/11/11 1/18/11 1/25/11 2/1/11 2/8/11 2/15/11 2/22/11 3/1/11 3/8/11 3/15/11 3/22/11 3/29/11 4/5/11 4/12/11 4/19/11 4/28/11 5/5/11

Disclosure: This  material  is  provided  for  information  only  and  is  not  intended  as  a  recommendation  or  an  offer  or  solicitation  for  the  purchase  or  sale  of  
any  security  or  financial  instrument.  This  material  is  not  a  complete  analysis  of  all  material  facts  respecting  any  issuer,  industry  or  security  or  of  your  
investment  objectives,  parameters,  needs  or  financial  situation,  and  therefore  is  not  a  sufficient  basis  alone  on  which  to  base  an  investment  decision.  
Horowitz  &  Company  clients  may  hold  positions  (long  or  short)  in  investments  discussed.  Please  click  for  detailed  disclosures  and  additional  information  

5/5/2011
 DAX  INDEX      (DAX)
Last  Price    -­‐ 7,376.96  

7,630

OR  E
7,430

Min
Max
7,230

7,030
DAX
MSE
SPX  
6,830 CCM
RTY
LVS  
IND
Chart  Legend  -­‐ Daily SPTS
S/T Bull  Trend   6,630
S/T Bear  Trend  
#N/A  N/A Changes  Below 7,294.30   MEX
Changes  Above
IBOV
L/T Bear  Trend   #N/A  N/A L/T Bull  Trend   7,153.36  
SX5E
Changes  Above Changes  Below
6,430 UKX
20-­‐Day  Moving  Average 7,278.14  
CAC
50-­‐Day  Moving  Average 7,115.81  
Current  Outlook  -­‐ ST  Bull  Trend  /  LT  Bull  Trend DAX
IBEX
6,230 FTSE
600.0 AEX
Bull  Trend Bear  Trend OM
400.0
SMI
200.0 NKY
0.0
-­‐200.0
-­‐400.0
-­‐600.0
-­‐800.0
-­‐1,000.0
1/4/11 1/11/11 1/18/11 1/25/11 2/1/11 2/8/11 2/15/11 2/22/11 3/1/11 3/8/11 3/15/11 3/22/11 3/29/11 4/5/11 4/12/11 4/19/11 4/28/11 5/5/11

Disclosure: This  material  is  provided  for  information  only  and  is  not  intended  as  a  recommendation  or  an  offer  or  solicitation  for  the  purchase  or  sale  of  
any  security  or  financial  instrument.  This  material  is  not  a  complete  analysis  of  all  material  facts  respecting  any  issuer,  industry  or  security  or  of  your  
investment  objectives,  parameters,  needs  or  financial  situation,  and  therefore  is  not  a  sufficient  basis  alone  on  which  to  base  an  investment  decision.  
Horowitz  &  Company  clients  may  hold  positions  (long  or  short)  in  investments  discussed.  Please  click  for  detailed  disclosures  and  additional  information  

5/5/2011
 BRAZIL  BOVESPA  INDEX      (IBOV)
Last  Price    -­‐ 63,407.01  

72,428

OR  E
70,428

Min
Max

68,428

IBOV
66,428 MSE
SPX  
CCM
RTY
LVS  
Chart  Legend  -­‐ Daily 64,428 IND
S/T Bear  Trend   S/T Bull  Trend   SPTS
65,769.28   Changes  Below #N/A  N/A
Changes  Above MEX
L/T Bear  Trend   66,539.83   L/T Bull  Trend   #N/A  N/A IBOV
Changes  Above Changes  Below SX5E
62,428
20-­‐Day  Moving  Average 66,453.17   UKX
50-­‐Day  Moving  Average 67,024.36   CAC
Current  Outlook  -­‐ ST  Bear  Trend  /  LT  Bear  Trend DAX
IBEX
60,428 FTSE
4,000.0 AEX
Bull  Trend Bear  Trend OM
3,000.0
2,000.0 SMI
1,000.0 NKY
0.0
-­‐1,000.0
-­‐2,000.0
-­‐3,000.0
-­‐4,000.0
-­‐5,000.0
-­‐6,000.0
1/6/11 1/13/11 1/20/11 1/28/11 2/4/11 2/11/11 2/18/11 2/25/11 3/4/11 3/15/11 3/22/11 3/29/11 4/5/11 4/12/11 4/19/11 4/28/11 5/5/11

Disclosure: This  material  is  provided  for  information  only  and  is  not  intended  as  a  recommendation  or  an  offer  or  solicitation  for  the  purchase  or  sale  of  
any  security  or  financial  instrument.  This  material  is  not  a  complete  analysis  of  all  material  facts  respecting  any  issuer,  industry  or  security  or  of  your  
investment  objectives,  parameters,  needs  or  financial  situation,  and  therefore  is  not  a  sufficient  basis  alone  on  which  to  base  an  investment  decision.  
Horowitz  &  Company  clients  may  hold  positions  (long  or  short)  in  investments  discussed.  Please  click  for  detailed  disclosures  and  additional  information  

5/5/2011
 S&P/ASX  200  INDEX      (AS51)
Last  Price    -­‐ 4,753.70  

5,006

OR  E
4,906

Min
Max
4,806

4,706
AS5
MSE
SPX  
CCM
4,606
RTY
LVS  
IND
4,506 SPTS
Chart  Legend  -­‐ Daily MEX
S/T Bear  Trend   S/T Bull  Trend  
4,841.54   Changes  Below #N/A  N/A IBOV
Changes  Above SX5E
L/T Bear  Trend   4,885.28   L/T Bull  Trend   #N/A  N/A 4,406 UKX
Changes  Above Changes  Below
CAC
20-­‐Day  Moving  Average 4,863.99   DAX
Current  Outlook  -­‐ ST  Bear  Trend  /  LT  Bear  Trend
50-­‐Day  Moving  Average 4,793.05   IBEX
4,306 FTSE
300.0 AEX
Bull  Trend Bear  Trend OM
200.0 SMI
100.0 NKY
0.0
-­‐100.0
-­‐200.0
-­‐300.0
-­‐400.0
1/7/11 1/14/11 1/21/11 1/31/11 2/7/11 2/14/11 2/21/11 2/28/11 3/7/11 3/14/11 3/21/11 3/28/11 4/4/11 4/11/11 4/18/11 4/28/11 5/5/11

Disclosure: This  material  is  provided  for  information  only  and  is  not  intended  as  a  recommendation  or  an  offer  or  solicitation  for  the  purchase  or  sale  of  
any  security  or  financial  instrument.  This  material  is  not  a  complete  analysis  of  all  material  facts  respecting  any  issuer,  industry  or  security  or  of  your  
investment  objectives,  parameters,  needs  or  financial  situation,  and  therefore  is  not  a  sufficient  basis  alone  on  which  to  base  an  investment  decision.  
Horowitz  &  Company  clients  may  hold  positions  (long  or  short)  in  investments  discussed.  Please  click  for  detailed  disclosures  and  additional  information  

5/5/2011
 HANG  SENG  INDEX      (HSI)
Last  Price    -­‐ 23,261.61  

24,625

OR  E
24,125

Min
Max
23,625

23,125
HSI  
MSE
SPX  
22,625
CCM
RTY
LVS  
IND
22,125 SPTS
Chart  Legend  -­‐ Daily MEX
S/T Bear  Trend   S/T Bull  Trend  
23,883.09   Changes  Below #N/A  N/A IBOV
Changes  Above SX5E
L/T Bear  Trend   24,113.98   L/T Bull  Trend   #N/A  N/A 21,625 UKX
Changes  Above Changes  Below
CAC
20-­‐Day  Moving  Average 23,928.61   DAX
Current  Outlook  -­‐ ST  Bear  Trend  /  LT  Bear  Trend
50-­‐Day  Moving  Average 23,444.89   IBEX
21,125 FTSE
1,500.0 AEX
Bull  Trend Bear  Trend OM
1,000.0 SMI
500.0 NKY
0.0
-­‐500.0
-­‐1,000.0
-­‐1,500.0
-­‐2,000.0
1/5/11 1/12/11 1/19/11 1/26/11 2/2/11 2/11/11 2/18/11 2/25/11 3/4/11 3/11/11 3/18/11 3/25/11 4/1/11 4/11/11 4/18/11 4/27/11 5/5/11

Disclosure: This  material  is  provided  for  information  only  and  is  not  intended  as  a  recommendation  or  an  offer  or  solicitation  for  the  purchase  or  sale  of  
any  security  or  financial  instrument.  This  material  is  not  a  complete  analysis  of  all  material  facts  respecting  any  issuer,  industry  or  security  or  of  your  
investment  objectives,  parameters,  needs  or  financial  situation,  and  therefore  is  not  a  sufficient  basis  alone  on  which  to  base  an  investment  decision.  
Horowitz  &  Company  clients  may  hold  positions  (long  or  short)  in  investments  discussed.  Please  click  for  detailed  disclosures  and  additional  information  

5/5/2011
 FTSE  100  INDEX      (UKX)
Last  Price    -­‐ 5,919.98  

6,118

OR  E

6,018

Min
Max
5,918

5,818
UKX
MSE
5,718 SPX  
CCM
RTY
5,618 LVS  
IND
Chart  Legend  -­‐ Daily SPTS
S/T Bear  Trend   S/T Bull  Trend  
6,153.83   Changes  Below #N/A  N/A MEX
Changes  Above 5,518
IBOV
L/T Bear  Trend   #N/A  N/A L/T Bull  Trend   5,862.76  
SX5E
Changes  Above Changes  Below
UKX
20-­‐Day  Moving  Average 6,005.92   5,418 CAC
50-­‐Day  Moving  Average 5,933.75  
Current  Outlook  -­‐ ST  Bear  Trend  /  LT  Bull  Trend DAX
IBEX
5,318 FTSE
300.0 AEX
Bull  Trend Bear  Trend OM
200.0
SMI
100.0
NKY
0.0
-­‐100.0
-­‐200.0
-­‐300.0
-­‐400.0
-­‐500.0
-­‐600.0
1/7/11 1/14/11 1/21/11 1/28/11 2/4/11 2/11/11 2/18/11 2/25/11 3/4/11 3/11/11 3/18/11 3/25/11 4/1/11 4/8/11 4/15/11 4/26/11 5/5/11

Disclosure: This  material  is  provided  for  information  only  and  is  not  intended  as  a  recommendation  or  an  offer  or  solicitation  for  the  purchase  or  sale  of  
any  security  or  financial  instrument.  This  material  is  not  a  complete  analysis  of  all  material  facts  respecting  any  issuer,  industry  or  security  or  of  your  
investment  objectives,  parameters,  needs  or  financial  situation,  and  therefore  is  not  a  sufficient  basis  alone  on  which  to  base  an  investment  decision.  
Horowitz  &  Company  clients  may  hold  positions  (long  or  short)  in  investments  discussed.  Please  click  for  detailed  disclosures  and  additional  information  

5/5/2011