PINNACLE RESOURCES LP (www.pinnacle-resources.net) Issues Technical & Quantitative Market Update for DIA, SPY, & QQQ

Pinnacle Resources LP reports its technical & quantitative model results for the following markets and exchange-traded funds:

DJIA (AMEX: DIA): trading at 110.00% of 200-Day Moving Average

S & P 500 (AMEX: SPY): trading at 110.00% of 200-Day Moving Average

NASDAQ 100 (AMEX: QQQ): trading at 120.00% of 200-Day Moving Average

The hedging activities of market participants has apparently increased during the historically volatile month of September. The Chicago Board Options Exchange (CBOE) reports that the put-call ratio of open interest for the options on these indexes has moved to the following levels:

DJIA: 1.34
S & P 500: 1.53
NASDAQ 100: 2.51

Even with these levels of put-to-call activity, the CBOE VIX volatility index remains relatively low at 20.25 and market option premiums remain relatively inexpensive.

The firms proprietary quantitative and technical trading model continues to generate a long position for these indexes based on their previous closing prices. The firms proprietary quantitative trading model generates a long position when it detects a positive trend in the historical price data series. While the model remains long, the possibility of a trend reversal is not out of the question. For more detailed information, visit the market indices and models sections of the firms website located at www.pinnacle-resources.net.

ABOUT PINNACLE RESOURCES LP

Pinnacle Resources LP is an independent equity and derivative securities research and trading firm that distributes daily and weekly market research reports. The strategy and methodology behind these reports reflects a consistent, concise, and disciplined approach to investment and trading analysis.

Investors should be advised that no responsibility is assumed for the use of this material and no express or implied warranties or guarantees are made. The firm does not receive compensation from individuals or firms other than those that subscribe to its services. Facts, opinions and advice are current and are subject to change without notice. Nothing contained herein shall be construed as an offer to buy/sell any commodity, security, option or futures contract. The officers, employees, or managed accounts of Pinnacle Resources LP may have positions in the contracts or securities mentioned herein.

Pinnacle Resources LP
Chicago, IL
www.pinnacle-resources.net