| Weekend Report |
| January 30, 2005 |
Hi Everybody: We finally had an up week on the Naz…A whopping 1.56 pts. But it is encouraging that a short base formed. Although the Naz was slightly up for the week the total declining volume exceeded the advancing volume 5,167,000,000 to 5,108,000,000(rounded) and the average daily declining issues outpaced advancing 1579 to 1499. I still have the feeling that we may test the 1970’s which was the October highs as well as the 200 dma if the 2025 level does not hold. The major indices were all up for the week although the Q’s were down a tad. The DJ Composite saw 45 issues up and 20 down for the week…although on Friday it was 27 up 38 down. Along with the Iraqi election today, there are quite a few economic announcements…including the FOMC and earnings reports due out. Should make for an interesting week…one way or the other. A few that will announce this week are XOM CME GOOG PEP PENN SNDA and of course, my favorite stock…WITS. (see EPS calendar link below) The Nasdaq Short Interest page is updated for January (click the page over to the left in the Table of Contents) 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 BEAV BONT BIO CKR SORC CPRT SMMX STD ITRI OPTN RVSN RATE NTGR SNY Last week AWRE broke out and was up 19% Please be aware that you may need to look at a weekly chart to see some of these CwH patterns; e.g. RVSN RATE SNY Flat Bases/Low Volume GDT STA CVNS DAR STAN GOT ENH ORCH GY POG ISG Last week LMS broke out and was up 10% 50 dma moves upward through 200 dma BOL RADN ARDI LAB ASCL HRH STA LAMR RSI(14) moves upward through 30 TRB DNDN DAL ARXX MTXX EQY CHY PDII MCDT RSI(14) moved upward through 50 AND an MACD crossover GS SWK SCSC AIN BEZ DOW ALTI GORX TWTR PWAV ENI ASPT RDEN ARW NSIT DV GGB GTN Generally bullish short term technicals SBL BLUD Friday's new highs, closed up on at least 2x ADV SEB G CGI MUR MSTR GYI CEG TIE KRON TALX BOL ORCT DLA MLM CFK XRTX NNI CHD FRK AE HOLX CKCM RITT GHM SYGR AWRE GRU AC CTEC CNXS LCC GPRO RHI NICK IDIX EPL SBP ETP OLGR CASA ADAM IIG CVD AFFX LUX PRZ DOCX NTO ACV IRS 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/V3 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 Check the Futures http://money.cnn.com/markets/afterhours A little Naz history http://en.wikipedia.org/wiki/Nasdaq Market have you perplexed??? I found all the answers… Try this http://mutualfunds.about.com/library/media/blcrystalball.htm I am thinking of setting up a link trade page here. If you have a website and would like to trade links please drop me an email at the address below…Thanks. And don't forget to check out the new listings at FinancialLinksOnline.com This 'N That ***NASDAQ ANNOUNCES PRELIMINARY FOURTH QUARTER AND 2004 RESULTS http://www.nasdaq.com/newsroom/news/pr2005/ne_section05_011.stm ***An IPO With Great Promise--And Red Ink http://www.forbes.com/home/personalfinance/2005/01/28/cx_sr_0128ipooutlook.html ***Gillette Co. (G) may be required to pay Procter & Gamble Co. (PG) a termination fee of .92 billion if the tie-up of the consumer-product titans falls apart under some circumstances, according to the merger agreement. Gillette Chairman and Chief Executive James M. Kilts, who is slated to be vice chairman and a director at the combined company, also agreed to amend his employment agreement. Under the amended agreement, Kilts will get options to buy 1 million shares of Procter & Gamble stock and 150,000 restricted shares. He agrees to stay on for one year and won't exercise stock options or sell stock for two years following the merger. The closing of the merger would have otherwise entitled Kilts to terminate his employment, according to the Securities and Exchange Commission filing. *** Just can’t trust Microsoft http://trimurl.com/V4 ***Don’t forget the Feds will be raising interest rates again this week http://www.hispanicbusiness.com/news/newsbyid.asp?id=20527 ***Buy.com will try it again…I’ll pass http://www.bizreport.com/news/8627 ***OPEC Warns That Oil Prices Will Stay High http://biz.yahoo.com/ap/050130/opec_14.html *** China, EU Tell Different Economic Tales http://biz.yahoo.com/ap/050129/world_forum_china_2.html ***And an EPS calendar http://www.rightline.net/calendar/index.html Have a nice week but be careful. Best, Doug (IIC) |
| Los Angeles | CA | 90034 |