| Weekend Report |
| June 18, 2005 |
Happy Father’s Day Everyone: Guess I was wrong last Sunday about speculating that we would see some downside, although not heavy, last week. All the Major Indices were green. It was nice to see the Naz Short-Term Up/Dn Volume Moving Average bounce on Thursday rather than go negative. I’m seeing a lot of mixed signals on the Naz and NYSE. One interesting thing to note is that the Advance/Decline Issues were red on the Naz on Friday after being positive the first 4 days of the week. The NYSE was green on the A/D all week. The Naz needs to bust through 2110-2120 on volume…I don’t see that happening this week. The NYSE looks somewhat overbought. The bad news for Boeing could affect the DJIA negatively on Monday (see “This ‘N That” below). I’d prefer to see the Naz stay in a range of 2080-2110 for the week on low volume. But both the Naz and NYSE charts look pretty good. We have to discount Friday’s volume though since it was Quadruple Witching. I will remain neutral for now…Although if I was forced to choose I’d lean towards slightly short term bullish. For the week, the Dow Super Sectors were 10 up 0 down led by Oil & Gas, Basic Materials and Healthcare. Top DJ Groups were Platinum/Precious Metals +13.96% Home Construction +8.89% Non-Ferrous Metals +8.20%. The worst were Airlines -3.41% Tobacco -2.87% Brewers -2.05%. A/D/U Issues for the week: Nasdaq 2123/1177/71 NYSE 2600/898/81 AMEX 724/345/59 The NH/NL figures for all three of the above were positive AGAIN which I like to see. The DJIA A/D/U was 21/9/0 , DJ Composite was 45/20/0 and the Major DJ Groups were 87/13/0 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 STN DHC PVTB UNFI MDKI Look at a weekly chart: PLUM Saucer w/ handle: GE Flat Bases/Low Volume TRY HSY WLP CHD ALE TMA 50 dma moves upward through 200 dma ORI AHR GG MPET RSI(14) moves upward through 30 CEPH VRX TKER CNCT RSI(14) moved upward through 50 AND an MACD crossover TEF DRTK WITS BBV ARIA SYGR NFLD ABNK AXA DOX ING NOTE: I own WITS Generally bullish short term technicals GME ERS VTR ENWV SNMX SWB Extremely Oversold OCA BKT Friday's new highs, closed up on at least 2x ADV MTH PNRG BZH CRO PHM DSTI TTES PWJ ITT NCTY TWTC GMXR DGIN PAB EQS AUY PWV WGL RYL GDW HOV STOSY WGII GEHL GSL SLH WPTE PPD VRTX JHX NBO AKP LSCP TOL LEN HNT DHI MAA CBG HLF BDN NTG OIS WXS FCBP MLM OHB MCC SU PHHM HHS TRAD CNS COHR DESC SHEN FCEA EAS MGEE JOE NR IWR AINV ENB SBIB OLGR LENB KBH VO SHU JKL EIA ENTU DGIN PAB CAND PWT PEDH UBA JKI AIX 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 you want to. 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 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 Looking for Canslim type ideas? This site offers a great value: GabrielsMoneyPage.com Here is an interesting one http://www.ddmachine.com Risk Alerts http://www.investor.reuters.com/StockEntry.aspx?target=/stocks Good site for economic news http://www.industryweek.com Unusual Museums http://www.ringsurf.com/netring?ring=museum;action=list Visit my new site…Still under construction http://OnlineBrokerDirectory.com We now have over 600 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 Founded a year and a half ago by Minnesota High School Whiz Kid, Reed Floren, …The Forum has over 1,600 members…Plus a live chat room open 24/7. The forum caters to all types of traders/investors from daytraders to long-term investors. MrMarketIsHuge.com It’s hard to argue with success!!! Mr. Market now boasts over sixty-five 15%+ winners in a row. He even offers up a link to his homepage where he describes exactly how he does it. But that’s not all…There are other Forum Topics designed to be of interest to all types of investors. One of my Fave topics and the most popular one in terms of page views is “Spike's Scientific Stock Analysis” led by the Master technician himself; Spikefader. With close to 1,400 members the Forum also holds a weekly stock picking contest where you can pick up some interesting new ideas. MasteringTheMarkets.com A newer Forum with close to 300 members…This one has it all…Technicals, Updated News, Daytrading Ideas, Earnings, Futures, Forex, Penny Stocks, Mutual Funds and just about anything else you might be looking for. This 'N That ***$60 Oil http://trimurl.com/1F1 ***Housing Bubble To Burst? Prices To Go Down As Much As 50%? Interesting article on Page 24 of Barron’s…If this guy is right…We’ll never hear the end of it…If he’s wrong…We’ll probably never hear about it again…LOL ***HOUSING BUBBLE? What housing bubble? http://yahoo.smartmoney.com/onedaywonder/index.cfm?story=20050617&afl=yahoo ***Perritt fund target: "neglected" stocks http://seattletimes.nwsource.com/html/businesstechnology/2002340639_bloomfund19.html ***I just noticed…Charles Schwab now goes by Chuck in his ads. ***FINALLY…A conviction…It’s about time…But where the heck were the other Tyco Board members? Were their heads buried in the “Bermuda” sand??? BTW: I’m currently reading “Clean Sweep”…The biography of Barry Minkow…ZZZZZBest Carpet. ***KPMG acknowledges illegal conduct …Are there any honest accountants left? http://trimurl.com/1F2 ***DGX splits 2/1 at the close on Monday. ESRX splits 2/1 on Thursday. ***Check your credit card bills closely http://trimurl.com/1F4 ***Highlights of U.S. stocks that moved Friday http://biz.yahoo.com//cbsm/050617/44ea23ff7936486c94e7ee0313af6d70.html ***DOJ requests more info from Nasdaq http://trimurl.com/1F5 ***NASDAQ-100 INDEX TRACKING STOCK DECLARES THE AMOUNT OF DISTRIBUTION http://www.nasdaq.com/newsroom/news/pr2005/ne_section05_057.stm ***Here are the Naz 100 components listed in descending order by weight: MSFT INTC CSCO DELL AMGN CMCSA ORCL QCOM YHOO EBAY ERICY NXTL AAPL AMAT SHLD COST SBUX GILD TEVA ERTS IACI SPLS ADBE GENZ SYMC AMZN APOL JNPR DISH SUNW BBBY MXIM BIIB PCAR BRCM LLTC PAYX MRVL NTAP RIMM VRTS BMET XLNX KLAC ADSK MCIP INTU FISV VRSN SIRI LBTYA ALTR WFMI FLEX ESRX XMSR CTAS CTSH CHIR MEDI PDCO MCHP PIXR NTLI WYNN CHKP EXPD MOLX CMVT CHRW GRMN FAST APCC CDWC LAMR SEBL PETM XRAY SNDK ROST LNCR LRCX IVGN SIAL TLAB CECO CTXS NVLS MERQ ATYT BEAS QLGC ISIL SANM SSCC SNPS DLTR MLNM JDSU LVLT ***Nasdaq Held Back Once Again http://www.internetnews.com/bus-news/article.php/3513791 ***Boeing loses $6 billion Air Canada deal http://trimurl.com/1F6 ***Guidant Recalls 50,000 Defibrillators http://biz.yahoo.com/ap/050619/guidant_recall.html?.v=5 ***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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