| Weekend Report |
| August 28, 2005 |
Hi Everybody: The Naz 50 day moving average did not hold…Short-Term A/D lines looked good on Monday but then reversed. The Naz technical indicators I watch all indicate either oversold or down. We sit at a minor support level here but there is stronger support in the mid 2090’s and major support in the mid-high 2070’s. The Bullish Percent Indices both look pretty bleak for the Naz and the NYSE. I’m Short-Term bearish at this point. For the week, the Dow Super Sectors were 1 up 9 down. Utilities was the only green sector. Top DJ Groups were Distillers/Vintners +3.59% Electricity +1.29% Industrial Suppliers +1.24% Worst Groups were Commodity Chemicals -4.69% Electronic Office Equip. -3.58% Gold Mining -3.26% A/D/U Issues for the week: Nasdaq 1444/1825/97 NYSE 1621/1883/90 AMEX 443/649/58 The DJIA A/D/U was 5/25/0. The DJ Composite was 23/42/0 and the Major DJ Groups were 15/85/0. The DJ Utilities Index was 14/1/0, however on Friday it was 1/14/0. The only utility in the red for the week was WMB. A/D volume for the week was ¾ on the Naz and 3/5½ on the NYSE. Friday was pretty bad as the Naz 100 was 23/76/1, SP 500 was 82/410/8 and the SP SC600 was 80/514/6. Nasdaq Short Interest for August bounced up after falling in July. You can view the stats on the Nasdaq Short Interest page listed in the TOC over to the left. MR. BREAKOUT TAKES A BREAK…I am going on vacation on September 2nd through September 10th…THERE WILL BE NO WEEKEND UPDATE ON SEPTEMBER 4th . FOR THOSE OF YOU WHO CHECK THE DAILY WATCH LIST PAGE THE LAST UPDATE WILL BE THE NIGHT OF SEPTEMBER 1st. I WILL RESUME IT ON SEPTEMBER 11th. 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 SYNM TOMO NNDS ANR HAE MDG NNDS TCBI NAFC Flat Bases/Low Volume ABCO SGDE ATB SYGR GIL LNC LIFE BOH BUD CIT MSFT HEW AFL FC NOOF VPI RCKY 50 dma moves upward through 200 dma DYAX NSC VVUS GPI PETDE RSI(14) moves upward through 30 VMSI AXCA RWY GP FOSL RSI(14) moved upward through 50 AND an MACD crossover OVEN KBAY CREAF Generally bullish short term technicals Nothing came up Extremely Oversold CEC AOI PETC AIC Friday's new highs, closed up on at least 2x ADV ENER CECE MII TEU PXD CLDA YRK ITIC HBE CWTR MCY 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 Another Cramer site http://maddmoney.blogspot.com Interesting blog http://crazytrader.blogspot.com Another interesting blog http://globaleconomicanalysis.blogspot.com Energy news http://www.financialsense.com/energy/main.htm Worldwide emergencies http://www.alertnet.org/thenews/emergency 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 ***Judge gives United Airlines two more months to file bankruptcy plan http://www.cbc.ca/cp/business/050826/b0826124.html ***Gas prices too high? Try Europe http://trimurl.com/2AN ***Experts Warn Debt May Threaten Economy http://biz.yahoo.com/ap/050828/drowning_in_debt.html?.v=1 ***Income limits for Roth IRA contributions http://biz.yahoo.com/brn/050826/15819.html?.v=1 ***Catuity (CTTY) shares leapt 16.5% after the company said it expects to soon be back in Nasdaq listing compliance as its recapitalization was oversubscribed and it expects to close its acquisition of Loyalty Magic Pty Ltd. on Sept. 1. The point-of-service solutions provider said it expects to have $8.1 million in shareholder equity on Sept. 30, "well in excess of the minimum required by Nasdaq ***OPEC worried about high oil prices-chief http://biz.yahoo.com/rb/050828/energy_opec_president.html?.v=3 ***China, EU Continue Textile Talks in Beijing; No Agreement Yet http://trimurl.com/2AX ***Pessimism about stocks hits a three-month high http://www.kansascity.com/mld/kansascity/business/personal_finance/12477249.htm ***After a family asks U.S. Mint to authenticate 10 old coins, gov't grabs them. Potential value: $10M. http://money.cnn.com/2005/08/27/pf/gold_coins.reut/index.htm ***Real Estate P/E’s http://www.foxnews.com/projects/pdf/PEratios_hot.pdf http://www.foxnews.com/projects/pdf/PEratios_2.pdf ***I don’t even want to comment on this…KPMG Will Pay $456 Mln Fine to Avoid Prosecution http://trimurl.com/2B4 ***Or this…Fund scandal settlements prove small http://trimurl.com/2BD ***Rubin: problems await Greenspan successor http://trimurl.com/2AW ***A Hedge Fund Falls Off the Face of the Earth http://trimurl.com/2AH ***Five Dumbest Things On Wall Street This Past Week http://biz.yahoo.com/weekend/dumbest826_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!!! No purchase is necessary to subscribe to these newsletters Day Trading Tips: Click Here! TrendTradingSystem.com Click Here! Sure-Fire Trading: Click Here! Stock Teacher Method: Click Here! Email Mini Course From The Way To Trade: Click Here! RECOMMENDED READING FOR INVESTORS Short Swing Trading Click Here! The Ultimate Stock Trading Guide: Click Here! 7 Things Every Investor Should Know: Click Here! for your FREE copy. Best To All, Doug (IIC) All information is obtained from sources considered to be reliable. However, we are not responsible for errors or omissions. |
| Los Angeles | CA | 90034 |