- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
Stocks to Watch for Friday
The stock scan conducted after the close on Thursday found 51 winners and 39 losers.
Our scan criteria incorporates price movement, range and liquidity (500,000 shares on the day, 20-day average of 1.5 million). They are ranked and sorted by performance against the S&P 500 and the NASDAQ 100 indexes, from best to worst. Click on the column headers of the table below to sort the winners list.
[TABLE=56]
Buy, sell or hold? InVivo.Stops for TradeStation and eSignal are available BY DONATION while InVivo.RMI indicators for eSignal are available exclusively to clients.
Are the Dow Transports defying doom and gloom?
Have you noticed lately how quickly people’s emotions are changing day by day? Last week, it was doom and gloom and this week it’s relief that the Fed saved the day.
Everyone is glued to the financial media outlets listening to so-called experts talk about ‘this, that and the other thing’ AFTER the fact. It’s amazing.
Time is money, and your valuable time is better spent listening to what the market is saying.
While everyone is talking about the Fed, recession, unemployment, inflation, etc., something very interesting has appeared on our radar, standing out in these uncertain [...]
Stocks to Watch for Thursday
The stock scan conducted after the close on Wednesday found 21 winners and 30 losers.
Our scan criteria incorporates price movement, range and liquidity (500,000 shares on the day, 20-day average of 1.5 million). They are ranked and sorted by performance against the S&P 500 and the NASDAQ 100 indexes, from best to worst. Click on the column headers of the table below to sort the winners list.
[TABLE=52]
Buy, sell or hold? InVivo.Stops for TradeStation and eSignal are available BY DONATION while InVivo.RMI indicators for eSignal are available exclusively to clients.
Chart of the Day: Subprime 60-day Delinquencies
The IMF provided a market update to their Global Financial Stability Report yesterday that pretty well sums up the predicament of the global capital markets. The article contains many nuggets, along with one chart that is particularly pornographic:
What began as a test of the structured credit markets and the associated funding needs has reached a new phase — a phase where credit concerns now extend beyond the subprime sector. One way this is becoming evident is through the pressure on some financial institutions’ balance sheets following the fallout of the earlier distress. Pressures on capital combined with additional [...]
Wednesday Market Digest
The FOMC is set to release their decision at 2:15 Eastern. This particular meeting has been preceded by more Monday morning quarterbacking than any other in recent memory, yet the mission seems rather obvious.
While there is almost universal hate and virtiole being directed at Ben Bernake, let’s not forget that his job description does not include defying gravity with financial alchemy. It is much simpler. Slash big time, and take it back later, quickly.
Inflation is easier to contain than deflation; therefore, he must lower rates aggressively in the face of immense deflationary pressure from rapid liquidation of [...]
Stocks to Watch for Wednesday
The stock scan conducted after the close on Tuesday found 29 winners and 11 losers.
Our scan criteria incorporates price movement, range and liquidity (500,000 shares on the day, 20-day average of 1.5 million). They are ranked and sorted by performance against the S&P 500 and the NASDAQ 100 indexes, from best to worst. Click on the column headers of the table below to sort the winners list.
[TABLE=48]
Buy, sell or hold? InVivo.Stops for TradeStation and eSignal are available BY DONATION while InVivo.RMI indicators for eSignal are available exclusively to clients.
The Homebuilders: Climbing The Wall of Worry?
You may have noticed that 6 out of 26 winners in yesterday’s “Stocks to Watch” list were involved in the home building industry.
Yes, we are talking about a sector that has been crushed, the scapegoat for the current economic woes. Yet there is interesting price action. Let’s tak a look at these six companies in context of The Sentiment Cycle.
Emotions are a huge big part of the investment process. To succeed in the long run, we have to become Zen Masters in the financial media circus. The media may say one thing, but what truly [...]
Stocks to Watch for Tuesday
The stock scan conducted after the close on Monday found 26 winners and 36 losers.
Our scan criteria incorporates price movement, range and liquidity (500,000 shares on the day, 20-day average of 1.5 million). They are ranked and sorted by performance against the S&P 500 and the NASDAQ 100 indexes, from best to worst. Click on the column headers of the table below to sort the winners list.
[TABLE=46]
Buy, sell or hold? InVivo.Stops for TradeStation and eSignal are available BY DONATION while InVivo.RMI indicators for eSignal are available exclusively to clients.
Survival of the Fittest: NLY and MFA
Those who follow our “Stocks to Watch” lists might have spied something interesting: two companies on last Wednesday’s winners list are involved in the mortgage industry and they have not been decimated by selling.
The two are Annaly Capital Management, Inc. (NYSE:NLY) and MFA Mortgage Investments (NYSE:MFA).
Are these companies exciting? Probably not, but it is evident that investors have taken notice that management (presumably) did the right thing and spared NLY and MFA from the chopping block. It’s Wall Street Darwinism.
Let’s take a look at the price action for NLY and MFA. As usual, [...]
Garmin Ltd. (GRMN): “Flip-Flop” Wall Street Style
Last Thursday, Oppenheimer & Co. upgraded Garmin (NASD:GRMN) from Perform to Outperform with a price target of $77. But wait! The same analyst downgraded GRMN from Outperform to Perform on January 15, 2008!
Let’s take a closer look and see what recent price actions tells us.
GRMN has pulled back almost 50% from its October 2007 high. The stock price has broken below the 200-day moving average. We have marked the broken support area as “R”. This “R” area is what the bull and bears will be watching very carefully as possible overhead resistance.
And in case you need a laugh…
From The Daily Mash:
GLOBAL ECONOMY NOW RUN BY FUCKNUTS
Meanwhile, Fed chairman Ben Bernanke urged people ‘to just buy shit and worry about it later’, including electric brooms, homeopathic remedies, Cillit Bang, and anything advertised by Carol Vorderman, apart from Farmfoods. He said: “The world has been brought to the brink of depression by a ridiculous consumer spending spree fuelled by cheap credit and home makeover shows. So let’s keep it going.”
FRENCH TRADER WAS FORCED TO WORK 30 HOURS A WEEK
As the losses mounted, Kerviel tried to conceal his bad trades by covering them with an intense red wine [...]
The Market: “It Turned Out Like Always”
Asia is taking a pounding in early trading. In view of the present situation, the following thoughts might be helpful (or not).
Viktor Chernomyrdin
The former Russian prime minister is quoted in the July 5 issue of The Economist:
Once termed syntactically challenged, he rarely completes sentences. When he does they turn into folklore, the best example of which (“we hoped for the best, but it turned out like always”) is now a catchphrase in Russia. His description of the situation in Ukraine is equally apt: “It has never been like this and now it is exactly the same again.”
Sounds [...]
Twitter.com/smarterstops
