| Weekend Report |
| October 24, 2004 |
| Hi Everybody: I'm going to streamline the Weekend Report a little...cut back on the commentary and just concentrate more on offering ideas for you to checkout. I have received a number of emails requesting that I list more cup w/ handles and flat bases with low volume. The C w/ H's are pretty easy to find, but I'm in the process of figuring out a better system for locating flat bases. Any suggestions are welcome. NEW FEATURES added this week: I have added more Advance/Decline charts to include A/D volume. I also added charts for the NYSE. Please take a look. Also, as you know, each week I list some sites of interest. In case you missed any you may go back to previous reports. Next month I will archive all of them on a separate page. That should make it easy for you to refer back. Also, on the Charts and Graphs page I added a years worth of Consumer Sentiment figures. And don't forget to sign up at Mr. Breakout for periodic email updates. You will receive no more than 2 emails a month and your email address will be held in strict confidence. Just drop us an email at the address at the bottom of this page. 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. I am also going to list tickers horizontally to make it easier for you to copy/paste. Cup w/ Handles Some may be a stretch. TDW IDXC KCS PEET PAAS PFCB BKST POG NVTL JOSB NABC SYNM AMED Also IDR on the weekly chart Still worth watching from last week: ACXM ANT BDX DPTR GI PCO GWR CAS BZH DWSN From last week's list, QSND broke out, HUBG moved but there was no volume, NAT tried to b/o on 10/22, SHFL broke out but may still be buyable, ARTC attempted to break out on 10/20 and GRTC broke out on 10/22. MACD Crossovers CNMD CKCM OFIX LSCP XJT SFG GLK MAN HAFC MTSC PKTR VYYO DST CNX AF INLD PSRC NYNY CR ASX DRAX DUSA HCR ALD VMSI SBGI CHB EMED TGX BKT SBIB From last week's list VPHM was up 43% Flat bases/low volume AMXC GNTA CMTL GET JOSB LCCI ACG HLR MTD RUBO HCSG VISG MANU From last week's list CACC was up over 5%. At one point is was up 9.7% 50 dma moves upward across 200 dma ALK BPFH AN MLM AIR DRI KMR JKHY TE TNE TSFG TROW NRRD ABN ROXI BVEW OSK CBTE GOLD USV HRBT From last week's list GLNG was up 3% and PDFS up 8% Generally bullish short-term technicals RNOW USG FFEX ***NEW*** RSI moves upward over 30 TIN HCA BTSI RCCC BSG AW Friday's new highs, closed up on at least 2x ADV: GOOG OSTK TSRA SYNA NVR BTU INFY CHKE BARI BRC CATT BMI PHX FBP XMSR PPL GTRC BL GPIC IAAI MOND IRL TV RBCAA EKT SYT COBZ XPRSA QSND USG IHG SMSI HXL TKCI PCG GEHL CRXL BORL LCBM NUCO OI AME ACU Sectors/Groups Top Sectors on Friday Coal, Healthcare Providers, Consumer Electronics Worst Sectors on Friday Semiconductors, Consumer Services, Electronic Equipment Top Groups on Friday Insurance, Healthcare Facilities, Computer Services Worst Groups on Friday Communications Equipment, Semiconductors, Software Top Indices on Friday DJ Coal, DJ Utilities, DJ Housewares - Durable Worst Indices on Friday Nasdaq 100, Nasdaq Leaps, DJ Biotechnology The following indices were also down 2% + on Friday DJ Trucking, DJ Forest Products, AMEX Biotech, AMEX Computer Technology, Nasdaq Biotechnology Top DJ Indices for the week DJ Coal +5.85% DJ Marine Transport +4.65%, DJ Retailers - Apparel +3.79% Worst DJ Indices for the week DJ Steel -6.3%, DJ Land Transportation -5.1%, DJ Insurance - Full Line -4.93% Note: I only check the Major DJ Indices. In the Site Watch Section below I am providing a link for all the DJ Indices. After Hours On Friday we had 22,596,006 shares advancing volume and 17,966,630 shares declining volume. Quite an improvement from Thursday when the A/D volume was 16,355,469/46,596,523. Some A/H movers on over 30,000 shs on Friday included ABTL PKTR GMAI XXIA WBSN Penny stock VNWI led the way up over 23% on over 50,000shs. Site Watch ***SPECIAL OFFER!!!*** ...Are you interested in finding stocks that are setting up for potential Breakouts? Our friends at BreakoutInvestor.com have just what you are looking for. I check their site on a daily basis and have found it a real timesaver in my research. Again this weekend, the owner of BreakoutInvestor has been gracious enough to provide our readers with the link to Monday's List at no charge. Please take a look...You will find some stocks well worth adding to your watchlist http://breakoutinvestor.com/moN25 Interested in Chinese stocks? Here are a few sites I use: Take a look at this weekend's edition of The Standard: http://www.thestandard.com.hk/stdn/std/index.html Here are a couple more sites you may want to bookmark: http://www.chinadaily.net/english/home/index.html http://www.chinatechnews.com Here is the China Tech News edition where I first found SNDA on December 3rd: http://trimurl.com/KL Here is another one...I have it bookmarked to the IPO page, but you can click Home from it: http://hk.quamnet.com/fcgi-bin/news.fpl?par2=2&par3=8 Most of the IPO's are not coming out in the USA...so you have to sift through it. Also, I watch this Index. SNDA and CAAS were recently added...I forget who was dropped. An interesting note is that the owners of this Index are also insiders of CAAS. http://www.usxchinaindex.com/index.cfm As promised above, here is a link to all the Dow Jones Indices. I was pretty surprised when I saw how many there are. It is a .pdf .xls download file direct from djindexes.com. http://www.djindexes.com/downloads/xlspages/djs_vendor_codes.xls Interested in Fuel Cells??? Here is an article from Cal Tech that appeared on October 14th http://pr.caltech.edu/media/Press_Releases/PR12600.html There seems to be a lot of confusion regarding the Cup w/ Handle pattern and pivot points. I don't really know whose description is correct or if there really is a correct answer. The earliest reference I can find to this pattern is in a book called How Charts Can Help You In The Stock Market, By William Jiler, 1962. However, he describes it as a Saucer w/ Platform...but it is the same pattern. Here's a few sites that offer C w/ H descriptions. http://www.chartpattern.com/cup_handle.html http://www.haikulabs.com/mh.htm http://baresearch.com/education/technical_analysis/chart_patterns/continuation/cup_handle.php And don't forget to check in and see what's new at http://FinancialLinksOnline.com Earnings Calendar for this week http://www.rightline.net/calendar/index.html No news this weekend...seems like all I read about is bombings...so I'll skip this section I'll replace it with this little tidbit since the election is coming up soon. I responded to a message at one of the Forum's I am in... below is part of my post. Doesn't really mean a whole lot but I thought it was interesting. "But here is an interesting fact...I went back to 1960 and took the DJIA close on the last day of October in each election year. I know the president's term does not start until January of the following year, but after the election I think there is a lot of influence by whoever wins. Anyway, I think generally people think of a Republican President as being better for the markets than a Democrat. But the closing averages of the DJIA indicate otherwise. Here are the percentage increases/decreases of the Dow October 1960 going forward 4 years: D-60-64 +51% D-64-68 +9% R-68-72 +1/3% R-72-76 +9/10% D-76-80 -4% R-80-84 +31% R-84-88 +78% R-88-92 +50% D-92-96 +87% D-96-00 +82% R-00-04 -11% Interesting...The avg gain during Democratic terms was 45%. The average gain during Republican terms was 25%. If you take out the highs and lows for each party it is Democratic 47% and Republican 21%. Now if you only consider the years in which the previous administration was the same party(so you can't blame the previous administration so easily) it comes out Democratic +46% and Republican +43%. Doesn't prove anything but I've always wondered why people think the Republicans are better for the markets? Obviously, there are many other things to consider in your vote...so no matter who you like(or dislike the least)...I hope everyone gets out and votes...IIC" Here is the latest Newsweek Poll on the election http://www.msnbc.msn.com/id/6312421/site/newsweek/ Well, that's it for this weekend...The Dow sinks to a YTD low, but the Naz was actually up a few points for the week...doesn't feel like is was though...does it? Good Luck To All...Doug aka IIC aka Mr. Breakout |
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