| Weekend Report |
| July 10, 2005 |
Hi Everyone: So the Naz goes from oversold to overbought. It was encouraging that 4 levels of resistance were broken this week; 2075-2080, 2090, 2098, 2106…But where’s the volume? Even Friday’s volume was mediocre. We really need a few 2bil+ up days for me to get excited right now. Some of the technicals indicate short term upside though. The Short-Term Up/Down Moving Average for the Naz volume turned positive again on Friday and the New Highs/Lows are looking good. But the A/D issues oscillators are indicating a Short-Term peak this week. The NYSE looks about the same as the Naz. It will interesting to see if the Naz can blow out 2130. I’m not going to hold my breath though…I’ll remain neutral or should I say cautious for now. If we pullback I’d like to see 2080 hold. The key support level is still the mid 2040’s IMO. Another little tidbit I follow is the OTC BB A/D’s. Even though you read all over the place that Friday’s move was “Across The Board”…the Declining Volume outpaced the Advancing Volume on the BB’s. Don’t forget the CPI and PPI are announced this week…I’m more concerned about the PPI since those increases take a little while to hit us in the pocketbook. Hopefully we will see some nice EPS reports this week. GE reports Friday. For the week, the Dow Super Sectors were 10 up 0 down led by Technology +3.03% Top DJ Groups were Biotech +7.39% Auto Parts +5.24% Steel +5.13%...The worst groups were Gold Mining -2.31% Water -.86% Personal Products -.76% A/D/U Issues for the week: Nasdaq 2232/1052/79 NYSE 2487/1007/81 AMEX 665/405/67 The DJIA A/D/U was 22/8/0 led by IBM up over 4%. The DJ Composite was 48/17/0 and the Major DJ Groups were 88/12/0. NEW…I have added two new pages at Mr. Breakout…A Daily Watch List Which Will Be Updated Five Times A Week And Some Great “FREE” Trial Offers To Stock Related Sites…You Will Find Them At The Top Of The Table Of Contents Over To The Left. 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 CYBX ABX AWRE OPTN RADN STN MDTH VNBC UFI Flat Bases/Low Volume CRAI WLP CTHR LDG PGIC HORC 50 dma moves upward through 200 dma LOW KEX LNC RI DOVP DSCO PIM SDIX CLZR EXAR JUPM VSAT ALK CECO SLM RSI(14) moves upward through 30 LXK DD DIS ASGR CKR SSCC PLCM GIZ ADBE TARO RSI(14) moved upward through 50 AND an MACD crossover CRS ASD IMCL GISX WAT LLTC SYY CCMP JOYG EXTR QCOM BMS AL ELK LFUS BTH AA TKR SY STTX GPI PHG TSN MANH WDC ULGX MUSE TIBX XJT ABMD PSPT AZ Generally bullish short term technicals TFX FE TRAD NCOG Extremely Oversold ARBX Friday's new highs, closed up on at least 2x ADV SEB WPTE LUFK FCNCA PNRG AGP KYPH RL JAH NPK SFA NRP E VSR AMGN SKY WCG INTU LMS SCVL IBN AIX ITMN IJS MIX UMBF UAPH FRGB ANDE PRSP SOV HURN FORR FPU AEP PHH NOIZ LHO MPG TTI TWTC PBE ENG TUC UPL CSCQ NRL UBP CHRS AVZ EWC PWT LI GIGM NDD CNQ SAF NRO SYGR EPAY NFZ APX GV PPX CSNT 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 Canslim type 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 Daily commentary from Optionetics http://www.optionetics.com/articles/articles.asp A Secret Risk Free Way to Invest in the Stock Market http://fintrend.com/ftf/Articles/Mitts.asp FOMC minutes back to 1997 http://www.yardeni.com/FOMC.aspx You might check out the rest of this site… http://www.yardeni.com a lot of interesting stuff at no charge Visit my new site…http://OnlineBrokerDirectory.com We now have over 680 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 ***World economy defies new terror onslaught http://www.channelnewsasia.com/stories/afp_world_business/view/157069/1/.html ***Spitzer to re-try ex-BofA broker, Siphol on 4 counts and SEC reopens Civil Fraud case on Scrushy…guess he won’t be getting his job back at HealthSouth anytime soon. ***CAT splits 2/1 at the close on Wednesday ***Same Store Sales (SSS) were surprisingly good for June…at least surprising to me. +5.4%, the best since May ’04 and the highest June figure since 1999. Some nice one’s were WTSLA +59% CHS +19% BEBE +31% AEOS +28% ANF +38% I like the Bank of Tokyo’s SSS listing which I have posted before…but here is another one http://www.retailforward.com/freecontent/perf_sales.asp ***Some low P/E stocks: X NAV ATI KBH PHM DHI CFC DOW T ***China, US to begin annual trade exchange session on Monday http://news.xinhuanet.com/english/2005-07/10/content_3201404.htm ***Given Imaging warns on second quarter results (GIVN) http://www.globes.co.il/serveen/globes/docview.asp?did=932036&fid=942 ***Consumer, Producer Prices Rose in June: U.S. Economy Preview http://trimurl.com/1Q4 ***Mark Cuban continues accumulating RCOM. Increased his position to 13.7% as of 6/30. John Pecora is bailing on JUNO. Reduced his stake from 16.6% to 3.1% in June. Guess he won’t have to file anymore. ***Google wins typo squatting case http://trimurl.com/1Q3 ***Earnings season is upon us…AAPL and AMD report on Wednesday…GE reports Friday ***The bad news just keeps on coming for ABRX http://www.forbes.com/associatedpress/feeds/ap/2005/07/08/ap2130181.html ***No Consensus on U.S. Stock Valuation http://biz.yahoo.com/ap/050710/wall_main.html?.v=2 ***Exxon Mobil, Chinese and Saudi Partners Start Work on $3.5 Billion Chinese Refinery http://biz.yahoo.com/ap/050709/china_exxon_aramco.html?.v=1 ***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 |