| Weekend Report |
| January 2, 2005 |
Happy New Year Everyone: Well, another year down the drain. Actually, I had a pretty good year...not as good as 2003 but I'll take it. The main reason my year was not as good as last year was that I made a rather large buy in April on WITS and I added to it in June. I still have all of it and since I'm only up 21% on my average buy it sort of dragged on my overall performance. It is pretty easy to locate what the Indices did this year...so I won't bother listing them. Rather, I thought it might be interesting to see how they finished versus the intraday lows for the year. The month in ( ) is when that index was at their 2004 low. Naz Composite(Aug.) +24%... DJIA(Oct.) +12%... SP 500(Aug.) +14%... Naz 100(Aug.) +25%... NYSE(May) +17%... AMEX(May) +25%... DJ Trans(Mar.) +39%... DJ Utilities(May) +30%... SP 600(Aug.) +25%... SP 400(Aug.) +21%... Russell 2000(Aug.) +26%. The Dow Composite finished the last day on a down note with 19 up and 46 down. All of the major Nasdaq indices closed down on Friday except the Other Financial Index. As we head into 2005 it might be interesting to note that we have never had a down year in a year that ended in a 5 since 1905: Year - Total Return % (All Positive) 1905 - 7.0 1915 - 14.0 1925 - 13.0 1935 - 46.0 1945 - 35.7 1955 - 31.0 1965 - 12.3 1975 - 36.9 1985 - 31.1 1995 - 34.0 Many analysts are predicting that 2005 will be the Year of the Large Cap...Of course they said that last year too...Maybe their timing was off??? My New Year's Resolution is to be a little more selective on my intermediate term buys. Other than that I will continue to try to improve upon my short term trading skills. I would also like to thank all of you for checking in each week. I hope you find something useful once in a while. I'd also like to thank the many people in the Groups and Chats that I belong to. Some I have known for years and others I just met this past year. All your ideas have been very helpful...Plus I've made a lot of good friends. In fact, I have now met over 50 people in person that I originally met on an Internet Stock Group since 1998. I plan on making a few changes here over the next couple of months. For starters, I am eliminating the RSI(14) Moved Upward Through 50 scan. I'm considering adding some that I find more useful. I will also be offering more Flat Base ideas. This is a chart pattern that I like. Some bases will be longer than others, but I prefer low volume on these patterns. I will also try to weed out the bases on takeovers and mergers, but a few might slip by me as I don't do my due diligence until after I update the site. The IIC 100 and Undiscovered Gems lists have been updated...So don't forget to check them out (Over to the left in the Table of Contents). Also, the Nasdaq Short Interest for December has been updated. And of course, the S/R, Calendar and Oscillators are updated. 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 GOOG ECIL CVNS LNOP BIO BONT SORC AMLN PZZA ZLC IOM Still worth watching from last week: MVK NTGR ORLY CSAR NTES RGS HZO BGFV FINL SONE MRCY CPRT STRA BEAV FIX From last week's list the following were of note: CXW +4% and STGS +3%. Both passed their pivots, but on less than preferable volume. NTGR +7% but it has yet to break out. BGFV was another gainer +6% but the volume was mediocre. Both RGS and BGFV have actually formed new patterns, so they remain on the watch list. MACD Crossovers GENR ITRA IFX ELN ALDN BDV SUAI EFII TRDO KEG KOPN SATC SANM ANDW TER PMCS LLTC PCMC CAMP NMSS CNLG From last week's list the following were up at least 3%(rounded) SHOP +5% FDO +5% CSQ +3% Flat Bases/Low Volume ABK ACAS ACR ALGN AMED ANPI BOL BUD CBE CBK CCBI CDE CHL DOVP DPTR DUSA EME FDG FDRY FMD FRED FTI GDT GEG HLIT LEH LH LMS LOJN MCRL MWD NVDA OMG PFCB PRV RF RUBO SIMG SNP SNY SSPI STRA TMO TSO TTH UCI UFCS WFC WIND WLL XL YHOO From last week's list the following were up at least 3%(rounded) BTHS +27% TRFDF +24% QLTI +6% CBD +5% BDK +3% 50 dma moves upward through 200 dma HIG SYY AFC URI GLBC CDN MESA DCLK OTIV ABS MAY BRL LNC IVGN LEA SCUR WFII CVH OSI FDO DCOM ASML ARRS DIET GILTF ENMC PYX BIVN From last week's list the following were up at least 3%(rounded): TINY +8% Generally bullish short term technicals RSYS CYPB GEG From last week's list the following were up at least 3%(rounded): SGR +6% FDG +3% RSI(14) moves upward through 30 GGNT From last week's list the following were up at least 3%(rounded): ROS +3% RSI(14) moved upward through 50 DISCONTINUING THIS LIST RSI(14) moved upward through 50 AND an MACD crossover IFX ITRA GENR Friday's new highs, closed up on at least 2x ADV DCAI FFFD MIKR LSCP ANGO OPOF MDKI ITLA NURO FF CWCO MFD MANC PNP TIV PMBC SVNX BED ASY PWX NRPH CVF GNRL MBRX FFA BDL RFI ILF MBVA SPTN NVAL CMKG CFCP CSLI Sectors/Groups Top Sectors on Friday Coal, Steel, Precious Metals Worst Sectors on Friday Tires, Internet, Recreational Services Top Groups on Friday Auto/Truck Manufacturing, Metal Mining, Semis Worst Groups on Friday Communications Equipment, Biotech/Drugs, Major Drugs Top Indices on Friday DJ-Steel, DJ-Coal, AMEX-Network Worst Indices on Friday DJ- Tires, DJ-Toys, DJ-Autos Top DJ Indices for the week Travel/Tourism +3.69%, Airlines +2.62%, Specialty Retailers +2.5% Worst DJ Indices for the week Marine Transport -3.47%, Aerospace -2.92%, Steel -2.10% SPECIAL!!!...Best and Worst DJ Industry Indices for 2004 10 Best Performing Industries Industry Name Percent Change DJ Mining Index (US) 97.15% DJ Consumer Electronics Index (US) 73.82% DJ Steel Index (US) 66.21% DJ Internet Services Index (US) 60.83% DJ Coal Index (US) 57.64% DJ Lodging Index (US) 44.86% DJ Trucking Index (US) 44.40% DJ Wireless Communications Index (U... 43.84% DJ Tires Index (US) 40.60% DJ Oil Companies, Secondary Index... 40.45% 10 Worst Performing Industries Industry Name Percent Change DJ Semiconductors Index (US) -21.65% DJ Aluminum Index (US) -16.82% DJ Automobile Manufacturers Index... -16.08% DJ Pharmaceuticals Index (US) -10.20% DJ Biotechnology Index (US) -10.03% DJ Precious Metals Index (US) -8.46% DJ Electric Components & Equipment... -7.87% DJ Airlines Index (US) -6.61% DJ Automobiles Index (US) -6.30% DJ Soft Drinks Index (US) -5.11% Note: I only check the Major DJ Indices. Site Watch The owners of Breakout123.com and Highvelocitystocks.com are offering you a FREE Trial to their sites which is good until January 18th. No registration is required. Simply use the Username and Password below to access both sites. I have already taken a look at both sites and they seem very good. I highly recommend that you take advantage of this Special FREE Offer. I know that I will be checking them daily. Before you check them out, please take a few minutes to read the details on each. I have posted them on a SPECIAL page(See SPECIAL FREE OFFER page in the the Table of Contents over to the left) And feel free to give the Username and Password to your friends. http://www.breakout123.com http://www.highvelocitystocks.com Username: mrbreak Password: mr123 You can never get too much news. Take a look at the MSNBC Newsbot Beta http://newsbot.msnbc.msn.com A nice history of the Dow http://www.fool.com/DDow/HistoryOfTheDow6.htm Want REALTIME Industry Group action? Forget this 20 min. delay stuff http://tal.marketgauge.com/MGHome/PHSReportsIndex.asp Ever wonder how I post the REALTIME A/D volume and issues??? Well, even if you don't...Here's where I get it for the Naz, NYSE and AMEX (You might have to scroll down) http://dynamic.nasdaq.com/aspx/mostactive.aspx?exchange=nasdaq&mostactive=adv And don't forget to check out the new listings at FinancialLinksOnline.com This 'N That ***IPO's coming back...Here are how many have come out each year: 1999-486 2000-406 2001-83 2002-70 2003-68 2004-216 ***Global Change In Textile And Clothing Industries As Quota Restrictions End NOW THERE'S NO EXCUSE FOR NOT DRESSING FOR SUCCESS...WHO CARES IF THEY ARE KNOCK OFFS??? HECK, I CAN'T EVEN GET AN APPOINTMENT WITH LIANA LEE AND I CAN'T EVEN AFFORD TO TIP THE DOORMAN AT ASCOT CHANG'S...LOL 12/30/2004 11:51:00 PM Momentous changes are perceived for the textiles and clothing industries as, at the end of 2004, the system of quotas that regulates trade between rich and poor countries which has been in existence for a decade now, comes to a close. Major industrialized countries to protect their textiles and clothing sectors from cheap competition from the developing world originally introduced the textile quotas. According to Mark Duckenfield, an expert on Trade policy at the London School of Economics, the island of Mauritius would be a prime example of a country, which has thrived under the quota regime, but now faces problems. Now, this sort of guarantee will disappear with the quota system and there is an increasing fear on the job prospects in the textiles front in UK and other developing countries, as they face stiff Chinese competition. With the result that in both rich and poor countries many companies believe that the ensuing result will be a free for all, with China as a mass producer making a gateway entrance for a huge business, closely followed by India. This is in view of the fact that these two countries are more competitive and is in a position to produce larger quantities at lower cost than some of these other countries. Call it exploitation or not, there is bound to be losers and gainers on account of this sweeping change in the textiles front. No denying the fact that free trade is in the interests of all and ultimately boils down to paying less for one’s clothes. However, there are some who construe this to be akin to a global exploitation in the disguise of free trade. Increasingly, members of the UK's 0.2 million strong textiles workforce are finding jobs in companies at the top end of the market "where there are larger margins and much smaller quantities needed of each particular style or size", says Elizabeth Fox, of the British Apparel and Textile Confederation, and adds that the industry she represents has moved up market, away from the mass produced clothing that China sells. However, she acknowledges that there are some businesses in Britain that feel uneasy about the prospect of an unleashed Chinese clothing industry. ***NYSE To Implement New Circuit Breakers Monday The New York Stock Exchange will implement new circuit-breaker and trading-collar trigger levels for the first-quarter, effective Monday. Circuit-breaker points represent the thresholds at which trading is halted market-wide for single-day declines in the Dow Jones Industrial Average. In a press release Friday, the stock exchange said a 1,050-point drop in the Dow Jones Industrial Average before 2 p.m. will halt trading for one hour. The same drop will halt trading for 30 minutes if between 2 p.m. and 2:30 p.m., but will have no effect if at 2:30 p.m. or later. A 2,150-point drop in the DJIA before 1 p.m. will halt trading for two hours. This drop will halt trading for one hour if between 1 p.m. and 2 p.m., and for the remainder of the day if at 2 p.m. or later. A 3,200-point drop will halt trading for the remainder of the day regardless of when the decline occurs. ***IBM'S PC BUSINESS UNPROFITABLE FOR YEARS Big Blue's PC business, which China's Lenovo just agreed to buy for 1.25 billion, has been unprofitable every year since at least 2001, IBM reveals in SEC filing. ***U.S. Consumer Credit Card Debt May Crash Economy??? http://www.foxnews.com/story/0,2933,143037,00.html You might have to copy/paste this URL...Sorry ***Low Cost Marketing Tactics for Small Businesses http://www.entreworld.org/Content/EntreByline.cfm?ColumnID=643 That's it for now...HAPPY INVESTING IN 2005!!! Doug (IIC) |
| Los Angeles | CA | 90034 |