| Weekend Report |
| October 31, 2004 |
 The Nasdaq was up almost 60 points for the week while the DJIA was up 270 points and the S&P 500 was up 35. In fact, most indices were up a few percent for the week. The Dow Jones Composite saw 61 up and only 4 down for the week. The final October University of Michigan's consumer sentiment index was 91.7, falling 2.5 points from September's final reading (Index, 1985=100). The current conditions index rose slightly, however, to 104.0 in October versus 103.7 in September. The index for consumer expectations fell to 83.8 from 88.0. Consumer sentiment has fallen steadily since July and now sits at its lowest level since May 2004. July's reading was the highest since January and the June-July rise was the first back-to-back rise since October-November 2003. You can find the past year's sentiment numbers at the bottom of the Charts and Graphs page. And don't forget to check the Support/Resistance, Weekly Economic Calendar and A/D Oscillators pages. The Nasdaq Short Interest page is updated once a month based on the reported numbers as of the middle of the month(usually the 15th). As you can see, the SI declined for the first time since July, but it is still 9% higher than the January figure. NEW FEATURE added this week at http://MrBreakout.com I added a new scan which you may find interesting. I've identified some stocks which have an RSI 14 line which just crossed 50 in an upward trend. Additionally, from that scan I am identifying those that experienced a bullish MACD crossover on Friday. 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 DGX FDS MSSN CPE ASPM VRX GDT STJ VTR TOL FAC Still worth watching from last week IDXC SYNM PAAS DPTR BDX IDR From last week's list, the following broke out: PEET PFCB ACXM ANT GWR looked like a b/o but volume wasn't there and it pulled back some. NVTL broke out and broke down on Thursday. EPS was announced A/H and it totally fell apart on Friday on the gap down. However, it did bounce off the 200dma. BZH broke out on Wednesday, but gave some back on Friday. MACD Crossovers PVN ACAS ACAT ROH ETN PMSI LNUX TWX STSI PSYS TWI BRKS LKQX CBSH AMMD ARRO NCC XLB HPQ DTPI LEXG KOSP CHUX TTC DIGE FMER WTR SHW CYMI FSII HRB NFI LXK From last week's list the following had nice gains: LSCP+36% NYNY+20% PKTR+14% MTSC+11% VYYO+11% AF+8% Flat bases/low volume CNXT ASX ADVNB RUBO DHB GNTA CMTL MERX ACG RNWK ZIXI From last week's list GET +8% JOSB+11% VISG+7% MANU+12% 50 dma moves upward across 200 dma RMIX PRFT ACLA BLX MEU LNOP PFCB JNPR EWM BLX CFCI CREO EGHT From last week's list AIR was up 8% although it was up 15% at one point. NRRD+21% and TROW+10% Generally bullish short term technicals MACR AAPL PCG CIEN CACS DRTK INTL IPSU RSI 14 moves upward over 30 BEP ALGN IES BDY BCC ZILG TIN CSL GMAI JBSS Last week BSG was up 14% ***NEW*** RSI 14 moved upward over 50 ABY SRCL PHI AACE AMSC C GRP IFOX JPM NEOL ***NEW*** RSI 14 moved upward over 50 AND an MACD crossover FSII ACAS HRB LXK NFI PMSI LXKQ LEXG KOSP Friday's new highs, closed up on at least 2x ADV: MCRS CFR BG MFE ASBC EN LMRA MIPS SWBT CHT CNI AHPI UPCS FFBH EZU SOTR ARDNA GBL NRRD RUSHA Sectors/Groups Top Sectors on Friday Not Available Worst Sectors on Friday Not Available Top Groups on Friday Oil and Gas, Electric Utilities, Communications Worst Groups on Friday Household Products, Retail-Specialty, Investment Services Top Indices on Friday DJ-Steel, AMEX-Hardware, DJ-Coal Worst Indices on Friday DJ-Airlines, DJ-Internet Commerce, AMEX-Disk Drive Top DJ Indices for the week Consumer Electronics +13.63%, Airlines +11%, Insurance-Full Line +9.93% Worst DJ Indices for the week Coal -4.18%, Household Products-Non Durable -3.53%, Oil Companies-Secondary -3.07% Note: I only check the Major DJ Indices. After Hours Not a particularly good Friday. The Advance/Decline volume was 12,980,900/43,301,048. The A/D issues was 509/701 with 2,000 unchanged. Some movers on at least 30,000 shares were GTW WHT TMTA Site Watch Here's one that has some really handy financial calculators http://ourworld.compuserve.com/homepages/easysurf/vfpt2.htm#rra Here is a nice one. I don't know what their paid version is like, but just input a ticker symbol and you'll get an analysis including indicators, support/resistance and a host of other useful information http://stockconsultant.com Need information on Roth IRA's? This site explains it all in detail http://www.fairmark.com/rothira Did you remember that Friday was the 75th Anniversary of the 1929 Stock Market Crash? Here is an interesting article you might enjoy reading. http://www.1929stockmarketcrash.com Ever wonder how somebody posts the Futures in the middle of the night on Sunday? http://money.cnn.com/markets/afterhours And make sure you check in at FinancialLinksOnline.com to see what's new. Earnings Calendar for this week http://www.rightline.net/calendar/index.html Don't forget!!! If you would like to receive periodic email updates...no more than twice a month...send me your address. All email addy's will be held in strict confidence. Or feel free to let me know what kind of scans you'd like to see. Also, please feel free to invite your friends to visit this site. And don't forget to vote on Tuesday for the candidates of your choice. If you are undecided, feel free to write me in. Good Luck To All...Doug(IIC) |
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