| Weekend Report |
| September 11, 2005 |
Hi Everybody: I didn’t follow the market much while I was on vacation last week. Looks like there were some positive signs like the Short-Term A/D’s and the increasing volume each day on the Naz Composite. However, the SP Small Cap 600 had decreasing volume each day. The generally larger cap NYSE closed at record levels…but it appears to be overbought and I would expect a pullback later in the week or next week. I believe the 2180’s are a critical resistance level for the Naz. The Bullish Percent Index appeared pretty bad on the Naz 2 weeks ago…but this week it bounced off the 50dma which was positive. A move below would lead me to believe that we could see sub 2100 on the Naz before the end of September. The PPI will be announced Tuesday and the CPI on Thursday…both pre-market. Also, don’t forget that Friday is Quadruple Witching Day…so expect volatility. August SSS was fairly decent…see below, but Auto/Truck sales seem to have topped out on the price incentives…at least for US automakers. I’m Short-Term neutral at this point. Will wait to see if the Naz can break thru the upper Bollinger Band at 2178 and see what happens in the 2180’s resistance area. Closing Ticks were all positive on the 3 major indices everyday last week. Friday was especially good. For the week, the Dow Super Sectors were 10 up 0 down. Top DJ Groups were Water +7.31% Platinum/Precious Metals +5.89% Coal +5.47%. Worst Groups were Trucking -2.22% Transportation Services -1.86% Specialized Consumer Svcs -1.66% A/D/U Issues for the week: Nasdaq 2070/1169/103 NYSE 2465/1022/88 AMEX 742/349/59 The DJIA A/D/U was 26/4/0. The DJ Composite was 45/20/0 and the Major DJ Groups were 89/11/0. The IIC 100 and Undiscovered Gems lists are updated for September. See the TOC over to the right. 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 GLDN OMM UFI NAFC TUNE Flat Bases/Low Volume GSIG SYGR FC BLX 50 dma moves upward through 200 dma CCBL IMCO CYTC CRME RSI(14) moves upward through 30 VAL APPB BBW FRED TUES PTP RSI(14) moved upward through 50 AND an MACD crossover GPN ACV BER PMTI STXS NWS SCLN MVIZ BABY SHLM CBT KRON AIG CRI NDE EAT COGT HELX CMRG Generally bullish short term technicals SPNC GCS BOBJ STR GSX ADVS Extremely Oversold MFB MOVI CAFÉ TIWI NWY Friday's new highs, closed up on at least 2x ADV BVF TSO LTR TRMD BVN CKP ANCX SGR CRED GFED SFCC MDG SDA PDA ALFC AOC ENB SRLS ROS CRK CRXL WTR EPP JVA AXR LIHRY MGRC CMVT JOF COG EXC ARTC HRSH DDRX CPST LMLP CHK FFDB BNS RBAK AIRM FADV CFK TESOF TRP PBW NGT NKTR CEI EWC VGR CAE ARS ISSI CVO NUAN MOBE CTLM MITY TRE JEQ DRRX IGW SCI TD FTEK AUY ARMHY EWG BTUI CECE PJP MO BCE GCFB NYC PSJ ARNA UNTD 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 POTENTIAL BREAKOUT 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 Excerpts from the FDIC Money Smart Financial Literacy Program http://www.fdicmoneysmart.com This is a paid site…but it does have some interesting info for free http://www.marketstockwatch.com Bullish Percent Index explained http://www.stockcharts.com/education/IndicatorAnalysis/indic_BPI.htm Visit my new site…http://OnlineBrokerDirectory.com We now have over 750 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 *** IRS raises auto mileage rate http://money.cnn.com/2005/09/10/pf/taxes/irs_mileage.reut/index.htm?cnn=yes ***OPEC official says more oil is on the way http://www.msnbc.msn.com/id/9281857 ***August Same-Store-Sales saw WTSLA BEBE AEOS and CHS leading the way although they all seem to be cooling off a bit. Stores on the upswing and over 10% were ROST DRBN JOSB and CACH. Overall, SSS was +3.8% on the Bank of Tokyo list. After a slow start the first 5 months this year, the last 3 months have all been higher than 2004. *** Drug Stocks Gain On FDA News http://trimurl.com/2G7 *** TradingMarkets' 7 Stocks You Need To Know About For Monday http://biz.yahoo.com//tm/050909/13105.html *** Clinton to China: Find New Energy Sources http://biz.yahoo.com/ap/050911/china_clinton.html?.v=1 ***CAFÉ to be delisted on Monday http://biz.yahoo.com/prnews/050909/nyf155.html?.v=2 ***S&P identifies some of the companies that stand to see a jump in business as the massive Gulf construction effort ramps up http://www.businessweek.com/investor/content/sep2005/pi2005098_4496_pi041.htm ***Fortune’s List of Fastest Growing Companies http://trimurl.com/2G8 ***Five Dumbest Things On Wall Street This Past Week http://biz.yahoo.com/weekend/dumbest909_1.html ***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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