| Weekend Report |
| May 15, 2005 |
Hi Everybody: Another low volume week. I was a bit surprised that the Naz outperformed the NYSE…But overall, I was not too pleased with the Naz as the A/D/U issues were 1410/1905/81 even though advancing volume handily beat declining volume. The Naz Short Term Moving Average for New Highs/New Lows is improving although Lows still dominate. The short term A/D oscillators indicate downside on both the Naz and NYSE right now. But some other technicals indicate upside on the Naz short term…So I will remain Neutral…or should I say “Wishy-Washy”? Something interesting I noticed this week is that many High RS stocks got whacked. Most of my watchlists consist of High RS stocks. But it works out OK as I concentrate on the few that are moving after the first 10-30 mins. Don’t forget that the April CPI numbers are due pre-market on Wednesday…A good or bad report could have a big effect…so I will definitely have my short term account in cash at the Tuesday close. Also, the Index of Leading Indicators are scheduled for 10 am EDT on Thursday Here are the Weekly Issue A/D/U’s for other indices: NYSE 1282/2240/70 AMEX 407/670/51 DJIA 6/23/1 DJ Composite 12/52/1.The DJ Super Sectors were 1/9/0…Only Technology was green for the week. The top DJ Groups were Telecom Equip., Semi’s and Biotech. The worst were Platinum/Prec. Metals, Steel and General Mining. Y-T-D the DJIA is 9 up 21 down. The index is -5.04% unweighted and -5.96% weighted. 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 BABY PTRY RHD POOL RRGB(sort of) Look at a weekly chart to see the pattern on these: RATE RRGB Flat Bases/Low Volume INGR YUM SRX CTO ACR VNBC TIMHY OHI MXT KNDL APCS SRDX NICE IDBE BLKB TPX 50 dma moves upward through 200 dma VLFG RSI(14) moves upward through 30 STRA ARDI MALL NWAC TWTR ARXX CALM SBNY GSLI AD HEW HB RSI(14) moved upward through 50 AND an MACD crossover SCOX CBUK Generally bullish short term technicals CTHR IRTI WIRX (Be careful on CTHR…has received some bad press) Extremely Oversold NTY POP ENZN Friday's new highs, closed up on at least 2x ADV UHT VELCF CFHI NLCI CVLY GTIM PZC FORTY FCCY GLDC GVBK DMCX FNBN IFCB CBIN PNRG SOCB JMBI HFFC TTC NHTB BDMS DHIL MLAB WSTC PFED DJCO UHAL ATRI RGCO CIBI BWINA MAXE QUIP BCAR BNJ MARSB LSBI HEOP CBAN NMI FFFD GNTY CWBS CLBH COBH PVFC HIST SWHI CCBP DIOD FFHS CVCY EVBN VLGEA RVEP PEDE CCFH NWFI ESBK MRGO OVBC FFBH BKBK ARTNA FSBK GCBC AMBK FSBI FBMT CRLTS NSFC EFX PEBK ITIC NWFL NHHC MAXC DSGIF IPII CCBD BOSA CSLR OICO VLFG BNCN CSHB CCNE QCRH PREM GRIF AFBK CART 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. 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 Move your mouse over this chart http://www.andyfoulds.co.uk/amusement/economists.htm Daytrading Pivot Points and Support/Resistance http://www.daytradingcoach.com/daytrading-free-educationpivotpointtrading.htm Prophet Industry Groups/Sectors http://www.prophet.net/explore/sectorPerformance.jsp?sortBy=1115856000000&orderBy=-1&interval=7&showPercent=false&period=3m http://www.prophet.net/explore/sectorrankings.jsp?period=3m&jumpToCharts=&showCharts=false&sortby=rank Mentioned this one before…But a nice recap of the Daily A/D http://finance.yahoo.com/advances Most expensive Zip Codes http://moneycentral.msn.com/content/invest/forbes/P116286.asp?GT1=6540 We now have almost 600 Financial Site listings at FinancialLinksOnline.com  This 'N That ***”One Day The Government Will Run The Airlines”…For those who have known me for a while you have heard me say that before…Actually, it was my Grandfather who told me that when I was 11 years old back in 1964…With the bailout of United’s pension fund…I think we are getting closer and closer…maybe within 10 years. Now, who do we have to bailout next…GM??? ***Bush reimposes some textile quotas on China. So I guess I buy Korean made underwear at Walmart now…I fail to see how this move will help American manufacturers. ***Overweight Sectors: Healthcare, Telecom, Utilities ***Barron’s announced their Barron’s 500…Top 10 are: UNH CMX CVH WLP HOV MDC DHR BER RAI ACL The top Naz issue at # 14 is PCAR ***Fund industry pushing back on SEC reforms http://trimurl.com/18T ***Microsoft's Share of Browser Market Slips http://biz.yahoo.com/ap/050513/microsoft_browser_market.html?.v=1 ***Stupid Investment of the Week http://trimurl.com/18U ***“Let China sleep, for when she awakes, the world will tremble,” said Napoleon http://www.financialexpress.com/fe_full_story.php?content_id=90845 *** SEMI-ANNUAL CHANGES TO THE NASDAQ BIOTECHNOLOGY INDEX http://www.nasdaq.com/newsroom/news/pr2005/ne_section05_050.stm ***Don’t know if you noticed this on Friday: NEW YORK -- A computer problem at an unidentified stock trader caused erroneous, exaggerated prices--some as high as $950 per share--to be posted to the Nasdaq stock market Friday morning for 1,680 different stocks, a spokeswoman for the Nasdaq said. The Nasdaq said it continued to review all trades between 9:19 a.m. and about 9:40 a.m. Eastern time, when the problem occurred. While the stocks affected represent more than half of the 3,200 firms listed on the Nasdaq, most were among the Nasdaq's most infrequently traded stocks. The problem has been corrected, spokeswoman Bethany Sherman said, and affected transactions have been broken--the money returned to the buyer and the stock returned to the seller. The Nasdaq posted a list of affected stocks on its Web site Friday. The problem arose when a broker linked to the all-electronic Nasdaq system inadvertently put out bids for stocks that were substantially higher than their usual trade range. For example, J.W. Mays Inc., which normally trades between $15 and $16 per share, was quoted as high as $136 on Friday. ***Time running out for Reverse Mortgages http://money.cnn.com/2005/05/12/news/economy/reverse_mortgages.reut/index.htm *** Almost Always, Penny Stocks Are Not The Bargain They May Seem http://biz.yahoo.com//ibd/050513/corner.html ***Penny Stock Spams http://investhelp.com/investors_guide.phtml ***OPEC vows to keep market supplied http://trimurl.com/18V ***Briefing’s Weekly Wrap http://reuters.com/financeBriefing.jhtml?type=storyStocks ***Earnings Calendar: http://www.rightline.net/calendar/index.html Best To All, Doug (IIC) |
| Los Angeles | CA | 90034 |