With stocks and bonds moving down sharply...

With stocks and bonds moving down sharply during most of the past week, most San Diego stocks found it difficult to move against the trend, according to Irving Katz, director of research for San Diego Securities Inc.

The relatively few gains were merely corrections to the massive downward movement of the previous week, according to Katz.

For example, Home Federal Savings & Loan, which had dropped 3 5/8 the previous week, gained three-quarters of a point. San Diego Gas & Electric recovered 2 1/8 of its previous 2 3/4 fall, and Henley Group regained 1 3/8 of its 3-point loss.

However, the flood of quarterly earnings did nothing to help local companies, according to Katz.

GTI Inc., which reported earnings of 5 cents in the first quarter, dropped one-eighth to 6 7/8. Cipher Data, which reported earnings of 9 cents a share in the last quarter compared to 12 cents a year ago, dropped 1 5/8 to 13 5/8 as it continued to experience losses in its Optimem Division.

DH Technology gained a half to 5 5/8 on earnings of 14 cents versus 10 cents in the last comparable quarter.

Price Co. was down 3 amid continued disappointment over the cancellation of its New York acquisition.

Synbiotics was down 2 to 9 1/2, despite having a profitable fourth quarter and filing for a new issue of 1.3 million shares.

PS Group was down 3 to 33 3/8, while Pacific Southwest Airlines dropped 2 to 14 as the proposed merger with USAir encountered difficulties with the Teamsters Union, Katz said.

Western Health Plans was down one-eighth to 3 3/4 despite selecting a new president.

Agouron Pharmaceuticals dropped 2 1/2 to 11 1/2 on very little volume.

Annual meetings Wednesday include Great American First Savings Bank at 9 a.m. and Home Federal S&L; at 9:30 a.m.