| Weekend Report |
| July 17, 2005 |
Hi Everyone: I was a bit surprised at the action this week. But we still don’t have the volume. My feeling is that we’ve run out of gas and I fully expect a correction this week. Some Naz technicals indicate possible upside…but I believe getting past the 2180’s would be very difficult without a pullback. The short term Advance/Decline issues seem to have topped out. But the New Highs/Lows looks good and the short-term Up/Down Moving Average for volume doesn’t look too bad either. Larger caps seem to be stronger than small and mid caps recently. The SP 500 hit a 4 year high and the Naz ended on Friday at the highest closing price for the year. Both the RUS 2000 and the SP SC 600 both hit all time highs earlier in the week but both seemed to have run out of steam and ended virtually flat as did the SP MC 400. One thing I noticed was that there seemed to be some rotation…see the top groups below. I just don’t see a sustained rally being led by these types of groups. For the week, the Dow Super Sectors were 9 up 1 down(Oil) Top DJ Groups were Industrial Suppliers +7.03% Autos +6.36% Home Improvement Retailers +4.66%...The worst groups were Distillers/Vintners -3.53% Gold Mining -3.03% Healthcare Providers -2.64% Some of the other top groups for the week included Airlines and Business Training. Seems to me that there is no substance in Autos and Airlines…two industries that are down the tubes. Semis, Internet and Biotech did well though…it would be nice to see them as the top 3 IMO. As a side note, Restaurants did very well on Friday. Market direction seems to be a tough call lately…Maybe it’s just a gut feeling, but I’m slightly bearish this week. If we finish green for July...which I think is "iffy" it would only be the second month this year that the Naz closed up...The other month was May. Also, even though GE and AAPL had decent reports…guidance was not encouraging. Hopefully, others will see a brighter future coming up; e.g. MCD Greenspan gives his semi-annual report to Congress on Wednesday and Thursday. I don’t expect any surprises, but it is the last time he will appear before them…So you never know? A/D/U Issues for the week: Nasdaq 1884/1399/91 NYSE 2078/1399/104 AMEX 660/421/54 The DJIA A/D/U was 26/4/0 led by MCD up over 8%. The DJ Composite was 49/16/0 and the Major DJ Groups were 75/24/1. 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 CKH VNBC MDTH PUMP ABX CYBX ASEI Flat Bases/Low Volume ORCC PGIC WLP ISSC PYX RNVS EQIX MSO BGC MCX BEAV 50 dma moves upward through 200 dma CFR ARO SPSX AVX BDH ALKS ASGN RSI(14) moves upward through 30 ARBX RSI(14) moved upward through 50 AND an MACD crossover CORI CRBL Generally bullish short term technicals FRED RYL RJF PMCS Extremely Oversold ARBX Friday's new highs, closed up on at least 2x ADV MNTA HGSI HEII GENZ CELG CVD FSTR CVTX ITG ARNA CSU CNVR TDSS ILMN CBST CNP WINS CWBS EWH ECTX 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 What is an analyst rating? How do you compare ratings by different analysts? http://biz.yahoo.com/f/bc.html http://www.briefing.com/GeneralContent/Calendars/RatingsDefinitions.htm Free Stock Screener http://prosearch.businessweek.com/businessweek/general_free_search.html News, News and MORE News http://newslink.org Wondering what some of those terms mean that people use? http://Investorwords.com Tired of the boring smiley selections at the forums you belong to? Spice up your posts at http://bestsmileys.com  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 ***Massive volume for CESV going into a 2/1 split at the close on Wednesday ***HPQ to announce restructuring soon…Watch for thousands of layoffs http://www.fortune.com/fortune/investing/articles/0,15114,1083755,00.html?promoid=yahoo ***Can GM Slash Worker Benefits? http://trimurl.com/1TU ***I was a bit surprised at the PPI announced on Friday http://www.bls.gov/news.release/ppi.nr0.htm ***It was a nice 2 year ride for AAPL but…”The Day the Music Died” http://yahoo.smartmoney.com/onedaywonder ***10 Best Performing Mutual Funds http://biz.yahoo.com//special/mfund2_05.html ***How many credit cards should you have? http://biz.yahoo.com//brn/050715/16566.html ***Highlights of rising and falling U.S. stocks http://trimurl.com/1TQ ***Eye On Stocks For Monday http://trimurl.com/1TR ***MCD led the Dow last week http://trimurl.com/1TS ***In Washington, Chevron Works to Scuttle Chinese Bid http://trimurl.com/1TT ***MTC Kuwait selects Motorola to enhance network with over $30 Million upgrade http://www.ameinfo.com/64338.html ***/C O R R E C T I O N -- Lexicon Genetics Incorporated/ http://biz.yahoo.com/prnews/050716/nysa001.html?.v=14 ***Briefing’s Weekly Wrap http://reuters.com/financeBriefing.jhtml?type=storyStocks ***Earnings Calendar: http://www.rightline.net/calendar/index.html Sign Up Today!!! 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