| Weekend Report |
| February 13, 2005 |
Happy Valentine's Day Everyone: Mixed week as all the DJ Major Indices, the NYSE Composite, S&P 500 and the SP&P MC 400 were up. But the S&P SC 600, Naz Composite and Russel 2000 were down. The DJIA and the NYSE Comp. are now in positive territory for the year. But all the major Naz Indices are still in the red including…Comp., 100, Industrials, Insurance, Banks, Computer, Telecom, and the NNM’s. Over the past 52 weeks the DJIA, Naz Comp. and the S&P 500 are all up less that 2%. The Advance/Decline issues for the week were 19/15 on the NYSE and 14/20 on the Naz. HPQ shares gapped some on Wednesday with Carly’s ouster…but after a less than flattering article in Barron’s this weekend and EPS scheduled for Wednesday, it should be a bumpy ride. Good news for the SOX(Semi Index)…It has now gained back all of the January decline. But the DJ Internet Index is off almost 14% Y-T-D. I suggest using extra caution this week as I see mixed technical signals on the Naz. The next resistance level is at the 2105-2110 range and first level support is about 2070. But I was watching the market movers during the first hour or so on Wed, Thu and Fri…it was pretty scary. I added some charts if you’d like to take a look(Click Charts and Graphs over to the left in the TOC) 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 CVGI BIO FARO FFEX GOL ITRI NTGR OPTN RVSN SMMX SNY SORC STD ZNT Please be aware that you may need to look at a weekly chart to see some of these CwH patterns; e.g. FARO NTGR RVSN SMMX SNY SORC STD Flat Bases/Low Volume PEG TFX BAC ASBC SVU BPOP HCP LPL MCGC AIT FOSL GDT SONO Additionally, look at ELAB PNN ISG 50 dma moves upward through 200 dma IDXX GOSHA ROIAK TRMS MEM RSI(14) moves upward through 30 PG SIPX VC ELNK GRA SLM SHE ECLP AL MLMN ACAT AMTD PCLN SWBT RSI(14) moved upward through 50 AND an MACD crossover PAL SSP WPI Generally bullish short term technicals BOL CHS Friday's new highs, closed up on at least 2x ADV SNSTA SQM INFY RMCF PHLY INT BRO DATA CTSH HOC CCJ IHP USTR WPTE YPF BPO DHC LUFK MRVL SU EON GGY NXY KND WLK LPNT LAF GDP AVM GEFB NOI PDS WMC CENT BLX HAN SHG GR BBSI SPI VRC TELOZ VDE TLD MDG MNS GRP APLX BDMS IFNY TTES RDK CCK NWN USU HTM CMCO ESGR PRV BYD FNDT OCAS USEG PKD DBRN TFONY RCS FVI PGNX KFS MRH DDE MCI PLLL NZW PQUE PHY TESOF Sectors/Groups Rather than sit here and type all this, I’m just going to give you some sites so those who are interested can check them if they want to. Top Sectors on Friday Worst Sectors on Friday …If you have Dow Jones News you can see these every hour on the hour until the market closes. I have posted Friday’s results at http://trimurl.com/WT note: sometimes it does not work w/ AOL…but it works with IE 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 Odd news for when you are bored http://story.news.yahoo.com/news?tmpl=index2&cid=757 Another place to find Analyst Actions http://cbs.marketwatch.com/tools/stockresearch/updown/default.asp?type=1&pgID=4&siteid=mktw Bank of Tokyo’s new site. Much of it is for customers only, but you can click America’s Internet Reports http://www.btm.co.jp/english IPO info…much of it is free http://gaskinsco.com What’s the President up to??? http://www.whitehouse.gov And don't forget to check out the new listings at FinancialLinksOnline.com This 'N That ***Should be a big day for ENCY on Monday http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh45529_2005-02-11_23-07-00_n1190856_newsml ***In case you missed this…Apple Computer declares two-for-one stock split http://www.newratings.com/analyst_news/article_691061.html ***Announced on February 10th … NASDAQ Announces Pricing of $155 Million Secondary Offering of Common Stock http://www.nasdaq.com/newsroom/news/pr2005/ne_section05_017.stm ***Time is running out to get that tax refund http://biz.yahoo.com//brn/050211/2641_1.html ***Dolby’s IPO…Are the numbers distorted? http://biz.yahoo.com//bizwk/050211/b3921144mz026_1.html ***Just for Valentines Day…'Love Stocks' in Wall Street Spotlight http://www.cbsnews.com/stories/2005/02/13/ap/business/mainD887AG1O0.shtml ***Mergers and Greenspan this week http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=7610085 ***Trouble Ahead For Stocks??? From the 2/21/05 edition of Fortune Magazine http://trimurl.com/WU *** Will This Merger Go Down Smoothly? Molson and Coors are both family-run -- and may be headed for a showdown http://www.businessweek.com/magazine/content/05_08/b3921113_mz056.htm ***Click Fraud Looms As Search-Engine Threat http://biz.yahoo.com/ap/050213/click_fraud_2.html ***2/13/2005 10:39:23 AM Sunday, Teva Pharmaceutical Industries Ltd. (TEVA), announced that its Abbreviated New Drug application for Levofloxacin injection has been tentatively approved by the U.S. Food and Drug Administration. The company revealed that Levofloxacin injection, in the dosages of 5 mg/mL in 250 mg/bag and 500 mg/bag (5% dextrose bags) and 25 mg/mL in 20 mL and 30 mL vials have been tentatively approved by the FDA. Levofloxacin injection is a broad-spectrum antibacterial agent to treat urinary tract, prostate, skin, sinus and lung infections, as well as other infections. Teva Pharma added that final approval of Levofloxacin injection is subject to the resolution of ongoing patent litigation ***2/13/2005 12:22:01 PM Sunday, sources reported that China and India would be the world's second and third largest economies by 2020, pushing Japan into fourth place, according to research by Deutsche Bank. The United States will remain the biggest economy. India and Malaysia are set to overtake China to become the world's fastest-growing economies over the next 15 years, due mainly to strong population growth. The annual growth in GDP forecasted for the period 2006-2020 is 5.5% for India, 5.4% for Malaysia and 5.2% for China. ***According to First Call…the “MEDIAN” PE for the DJIA for 2004 is estimated at 18.7…For 2005 the estimate is 16.8. ***And an EPS calendar http://www.rightline.net/calendar/index.html Thanks for visiting. Best of Luck To All, Doug (IIC) |
| Los Angeles | CA | 90034 |