| Weekend Report |
| September 18, 2005 |
Hi Everybody: We had a slight pullback overall on the Naz and even though we bounced off the 21 Day Moving Average we sit right about at the 50 Day. May be short-term critical at this point. If we can get over the 50 Day again we run into resistance in the 2180-85 area. We will just have to wait and see. I know I said that I’d go from neutral to bearish if we went below the 50 Day…but I will remain neutral until I see which way we go from here. The technical indicators I follow are again mixed…However the A/D’s were pretty poor this week after being very green last week. Of course we saw a nice volume move on Friday…but I basically discount that as it was Quadruple Witching Day AND the SP completed its Float Adjustment. Tuesday-Thursday were all down days on the Naz on above average volume. And although the QQQQ was up on Friday it was on low volume. If I was just looking at the Index charts on Friday and there was no Quad or Float Adj. I would say the day was bullish…But I’ll reserve judgment for now. The big news this week will be the Fed announcement on Tuesday at 2:15pm EDT. I believe most expect a .25 increase…but who knows what their outlook will be. Inflation stands at 3.6%...but in So. Calif it is now 5.2%. The Bullish Percent Index on the Naz has once again slightly dipped below both the 10 and 50 Day MA’s and technical indicators say the trend is down. Precious Metals did very well last week with Gold hitting new highs…Normally, that would be a defensive indicator…Geez…the more I right the more Bearish I’m becoming. As always, I recommend “Caution”…Attempt to go with flow. For the week, the Dow Super Sectors were 3 up 7 down. Top DJ Groups were Platinum/Prec. Metals +9.99% Gold Mining +8.42% Coal +5.26 Worst Groups were RE Holdings/Dev -4.51% Home Construction -3.97% Transportation Svcs. -3.46% A/D/U Issues for the week: Nasdaq 1468/1811/71 NYSE 1375/2146/71 AMEX 445/652/58 The DJIA A/D/U was 15/15/0. The DJ Composite was 37/27/1 and the Major DJ Groups were 41/59/0. 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 TUNE CTC NNDS YMI GLDN NAFC Flat Bases/Low Volume ENTU FC BLX CRE ARI KMP AVB 50 dma moves upward through 200 dma RKH ABS HTV ADM ECLP ATHR STEL NT CEGE CANI PCYC KTC ROCK LPX LIN ODFL RSI(14) moves upward through 30 SEE SVU PXT CRYP THC IDWK HAYZ AOI MXO AGR CHUX NWY MRH HIB NCR RSI(14) moved upward through 50 AND an MACD crossover COF REM VLY GGAL SJR SBC RHD COL Generally bullish short term technicals NUVO BVEW SY NHRX LTR HOM Extremely Oversold BBI MFB OI DCN WOLF MOVI Friday's new highs, closed up on at least 2x ADV ACAP IGI OPWV HOLX RE PGR CNQR AP IDR PYX MEE IBKC GS CTIB HOKU BTU GRMN MXBIF BFB LSTR SPOR AXP SNDK PRA PXP GRR XEL AU RGLD ARD ANZ CYH CB DRQ HAWK CRR SF GLG BHP RAVN AGII ILOG TLD IWW CAH FLDR FLT GBCI FAF CAV A SMG PNC SSFT TNS BNN MCD NGS SO ORI GOLD ELE EQTX TRP ED HMN DEX CCCG JDAS AGM CASY OCAS NEON ITF PSYS BVN TW ELP GG ININ HTBK CHB TESOF JCDA CTLM IMR HOM SRLS TERN CDI SRP MSLV FII DUCK ABX 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 Here is a nice site with a lot of definitions http://www.quickfinancial.info Paid site…but offers a lot for free http://www.tradingmarkets.com Most of this info is pretty basic…but never hurts to review http://www.swing-trade-stocks.com/index.html Another one worth a look http://www.stockwerld.com/default.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 *** A cliffhanger for the Street? For the first time in a year, Tuesday's Federal Reserve policy meeting could surprise investors. http://trimurl.com/2JU *** Eye On Stocks For Monday, Sept. 19 http://trimurl.com/2JV ***Northwest Air and Delta Air news http://trimurl.com/2JX http://trimurl.com/2JW ***Expert: Merck Ignored Safety Risks http://trimurl.com/2JY ***Forget shootin’ for the Moon…New Company 4Frontiers Corp. Sets Enormous Goal of Settling Mars Within 20 Years or So http://www.marshome.org *** The 5 most outrageously overpaid CEOs http://moneycentral.msn.com/content/P125120.asp *** A Lot of Hot Air…CTIB… http://smartmoney.com/onedaywonder/index.cfm?story=20050916 ***More bad news for US Automakers?...Scroll down to the graph http://kiplingerforecasts.com/index.html?kipcookie=no *** NASDAQ-100 INDEX TRACKING STOCK WILL NOT DISTRIBUTE THIRD QUARTER DIVIDENDS…announced on 9/14/05 ***Five Dumbest Things On Wall Street This Past Week http://biz.yahoo.com/weekend/dumbest916_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!!! No purchase is necessary to subscribe to these newsletters Day Trading Tips: Click Here! TrendTradingSystem.com Click Here! Sure-Fire Trading: Click Here! Stock Teacher Method: Click Here! Email Mini Course From The Way To Trade: Click Here! RECOMMENDED READING FOR INVESTORS Short Swing Trading Click Here! The Ultimate Stock Trading Guide: Click Here! 7 Things Every Investor Should Know: Click Here! for your FREE copy. Best To All, Doug (IIC) All information is obtained from sources considered to be reliable. However, we are not responsible for errors or omissions. |
| Los Angeles | CA | 90034 |