| Weekend Report |
| August 21, 2005 |
Hi Everybody: Good news and bad news…The 50 day moving average on the Naz, which has been on the rise since the 3rd week in May, is still holding. The volume on the Naz on Friday was the lowest since the short trading day on the day after T-Giving last year. The short-term Naz A/D lines seem to have possibly bottomed however the weekly A/D’s were pretty bad…so that is a conflicting signal IMO. The A/D volume on the Naz was 2.8/4.3 and the NYSE was 2.8/5.8 for the week. The technical indicators I watch don’t look good overall except for a possible bottom. So I’ll remain neutral and wait to see if the 50 sma holds. It now stands at 2131…while the 50 ema is 2132. If it doesn’t, I can see dropping quite a bit down to major support at 2078. For the week, the Dow Super Sectors were 2 up 8 down. Top DJ Groups were Cosumer electronics +17.45% Tobacco + 4.245 Electrical Equipment +2.88%...Worst Groups were Non-Ferrous Metals -6.93% Aluminum -5.45% Platinum/Precious Metals -5.41% A/D/U Issues for the week: Nasdaq 1242/2022/99 NYSE 1415/2094/85 AMEX 363/724/63 The DJIA A/D/U was 14/16/0. The DJ Composite was 27/36/2 and the Major DJ Groups were 25/75/0. The stocks listed below are not recommendations. They are simply securities that meet particular criteria. If you find any of interest, you should do your own research. Cup w/ Handles UFI ARS FVE USNA CMP HAE MDG NNDS TCBI Flat Bases/Low Volume ABCO ATB SYGR SNSA LMT BOH BUD AFL FITB RTN DOX PKI FC PPDI 50 dma moves upward through 200 dma RNAI DTSI RIGL AMLN TKR DOV VRNT AYI NFB BPOP GDTI PVLS RSI(14) moves upward through 30 DE FHR DDS SFC ANH OVRL TMR SYMM RSI(14) moved upward through 50 AND an MACD crossover TSA WFSL FRP SFL Generally bullish short term technicals HHGP CMCO Extremely Oversold CRYP PRS AIC NINE PLB IMH HOTT Friday's new highs, closed up on at least 2x ADV FDG VRTX ADSK NRPH PMX ESP RGLD MEL VUL MSL CCK TEU AOB ADST OPTC NSE USG RAIL IDBE REDF CRWN PHX WGR VTO TRIS Sectors/Groups Top Groups on Friday Worst Groups on Friday …You can view these at http://tal.marketgauge.com/MGHome/PHSReportsIndex.asp Top Indices on Friday Worst Indices on Friday …You can view these at http://americanbulls.com/Indices.asp Top DJ Indices for the week Worst DJ Indices for the week …You can view these at http://cbs.marketwatch.com/tools/industry/default.asp?siteid=mktw&bcind_ind=bc_top&bcind_period=1wk You can change the timeframe if you wish. Site Watch Looking for POTENTIAL BREAKOUT ideas? This site offers a great value: GabrielsMoneyPage.com Thought you might like to take a look at a very useful site that I have subscribed to since Day One. I highly recommend it: Stockciphering.com What you have all been waiting for…A site that tracks Cramer http://www.booyahboyaudit.net/performance.html Houston's #1 Rated Financial Talk Show http://www.streettalklive.com Industry Performance http://stockcharts.com/charts/performance/Industry1.html Fortune 500…1955-2004 http://www.fortune.com/fortune/500archive The 20 Most Influential Businessmen of All Time http://biz.yahoo.com/special/20most05.html Visit my new site…http://OnlineBrokerDirectory.com We now have over 700 Financial Site listings at FinancialLinksOnline.com Free Stock Market Forums I am a member of 7 stock forums and 2 chat rooms…Actually I was a member of several more last year…But time is time so I have limited myself to those that are the best. I thought I’d mention three that you might find beneficial: ReedFloren.com MrMarketIsHuge.com MasteringTheMarkets.com This 'N That ***Eye On Stocks For Monday http://trimurl.com/26W ***Just a thought…Where are the Pollution Control Companies in China?...Could get interesting IMO. ***Wonder if Northwest and Delta will pull a Kmart???...When their stock becomes worthless and they issue new stock…Wait and see. ***Baidu.com has protected itself from a takeover with a dual-class share structure that gives original shareholders 10 times the voting rights of those who bought shares in the US IPO. ***US home prices since 1980 have risen more slowly than the stock market. Homes in San Francisco have risen 7% a year, compared with a 10% annual rise in the S&P 500. however, that does not take into account the increased leverage opportunities in real estate. ***Real Estate Bubble…You are probably sick of hearing about it…I was going to make a long comment about all the opportunities I envision in about 1-2 years…But you’ve probably read it all somewhere else. However, has anyone noticed that the Insiders are bailing this year? I picked 10 stocks at random and checked the Insider Transactions on each at Yahoo Finance…At least somebody’s smart…The symbols I picked were TOL KBH WLS BMHC MTH LMS NVR PHM HOV DHI.  ***On a related Real Estate note http://globaleconomicanalysis.blogspot.com ***The other Real Estate boom: Scams http://trimurl.com/272 ***Merck Faces More Challenges in Next Round http://trimurl.com/278 ***Diversification Helps Spammer Make Fortune http://biz.yahoo.com/ap/050821/a_spammer_s_tale.html?.v=1 ***15 new cars you can buy for less than $200 a month http://biz.yahoo.com/brn/050819/17131.html?.v=1 ***Made-in-China" makes rich countries richer http://www.chinadaily.com.cn/english/doc/2005-08/21/content_470833.htm ***Exile From Wall Street http://trimurl.com/27E ***Five Dumbest Things On Wall Street This Past Week http://biz.yahoo.com/weekend/dumbest819_1.html ***Briefing’s Weekly Wrap http://reuters.com/financeBriefing.jhtml?type=storyStocks ***Earnings Calendar: http://www.rightline.net/calendar/index.html Sign Up Today!!! 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| Los Angeles | CA | 90034 |