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Trading Ideas for Tuesday
The stock scan conducted after the close found 7 winners and 9 losers. The weekly ETF ranking was published on Sunday for members.
VIEW THE SPREADSHEET online and if you wish to save it to your own computer, click File > Export from Google Docs.
Winners and Losers
If there is a good swing trade setup on this list, the write-up will be posted overnight. The last two stocks of interest were INTC and FDO.
Observations for Tuesday
(It’s Pete’s turn to write)
Most traders have heard the old Wall Street stories like the following from legendary investor Bernard Baruch: “Taxi drivers told you what to buy. The shoeshine boy could give you a summary of the day’s financial news as he worked with rag and polish. An old beggar who regularly patrolled the street in front of my office now gave me tips and, I suppose, spent the money I and others gave him in the market. My cook had a brokerage account and followed the ticker closely. Her paper profits were quickly blown away in the [...]
Is Whole Foods Cooked?
Whole Foods Market (NASD:WFMI), the major high end retailer of organic produce and food, was on the losers list in Trading Ideas for Monday.
Whole Foods Market (WFMI)
Daily Chart with InVivo Swing Trading Tools
Whole Foods announced earnings earlier this month and made some interesting statements regarding the health of their business:
Shares of Whole Foods rise on investment
“Company said it sold $425 million worth of preferred stock to an affiliate of retail investment firm Leonard Green & Partners to shore up its cash position amid an uncertain economy. Whole Foods Market Inc. said Wednesday that its profit plunged in the fourth [...]
The 50/200 Cross: WTR and K
A stock scan performed after the close on Friday for “the cross” found two stocks that might be instructive:
Aqua America, Inc. (NYSE:WTR)
Kellogg Company (NYSE:K)
Aqua America, Inc. (WTR)
WTR is in the water utility industry. The company provides water or wastewater services to many states around the country. Earnings were announced earlier in the month.
Daily Chart with InVivo Swing Trading Tools
Trading Ideas for Monday
The stock scan conducted after the close on Friday found 6 winners and 58 losers. The weekly ETF ranking was published earlier tonight for members.
VIEW THE SPREADSHEET online and if you wish to save it to your own computer, click File > Export from Google Docs.
Winners and Losers
If there is a good swing trade setup on this list, the write-up will be posted overnight. The last two stocks of interest were INTC and FDO.
Weekly ETF Ranking
We were asked by members in early October to take a look at exchange traded funds. This is now a weekly thing. Our list consists of the top 300 by assets under management (plus a few others), ranked and sorted the same way as the stock scan results.
You can view the spreadsheet online OR if you wish to save it to your own computer, click File > Export from Google documents:
November 21, 2008
November 14, 2008
November 7, 2008
October 31, 2008
October 24, 2008
October 3, 2008
Using The List
By ranking and sorting the entire list according relative to performance against the [...]
Portfolio Strategy for November 24
ALLOCATIONS POSTED BELOW ARE FOR MEMBERS WHO DID NOT CLOSE OUT POSITIONS ON SEPTEMBER 25, 2008.
Those who are hedged should continue adjusting the long ETFs as necessary and reduce the inverse ETFs accordingly. Studies indicate that a WEEKLY CLOSE ABOVE $OEX 495.10 (the high from the week of October 17) is required to remove hedges. IF you are dying to get back into the market, please see my comments in the volatility cluster analysis section.
The Strategic Satellite Portfolio
Allocation was adjusted at the close on November 21 to the following percentages:
IWM=10.99%, EEM=9.12%, TLT=37.19%,IYR=7.83%, IYM=9.28, GLD=22.59
Core portfolios are [...]
When The Going Gets Tough…
…the tough venture out to the mall on a Saturday afternoon to see what’s going on in the “real economy”. As it happened, we were no more than 50 yards around the corner from the shooter at Westfield Southcenter, the largest shopping center in Washington State.
Appropriate Shopping Attire: headgear, armour and assault rifle
The experience of reflexively making a split second life and death choice for oneself and the kids was interesting, much less stressful than trading really. But I think I might have been the only person to think that. More at CNN.
The Doomsters: Harry Dent
After Arjun Murti comes Harry Dent. Yes, that guy:
Dow 40,000, Nasdaq 20,000 by 2009; Harry Dent predicts a ‘New Millionaire Economy’
November 03, 2004 — In fact, Dent wins our annual Super-Optimist Award. He’s the No. 1 cheerleader for America’s stock market. You will love reading the predictions in his new book, “The Next Great Bubble Boom: How to Profit from the Greatest Boom in History: 2005-2009.” Actually Dent’s more than a super-optimist, he’s America’s ultimate contrarian. So what if his archrival Robert Prechter is predicting a 100-year bear? So what if SmartMoney just reconfirmed the conventional wisdom of [...]
The Doomsters: Goldman Sachs & Co.
After Richard Russell comes Arjun N. Murti of Goldman Sachs, he of the $200 oil target fame:
An Oracle of Oil Predicts $200-a-Barrel Crude
. . . Mr. Murti has become the talk of the oil market by issuing one sensational forecast after another. A few years ago, rivals scoffed when he predicted oil would breach $100 a barrel. Few are laughing now. Oil shattered yet another record on Tuesday, touching $129.60 on the New York Mercantile Exchange. . . . Whatever the case, oil analysts like Mr. Murti have suddenly taken on the aura that enveloped technology analysts in the [...]
The Doomsters: Richard Russell
Our first Doomster was Louise Yamada. The second one is none other than Richard Russell. It was reported yesterday that Mr. Russell wrote the following in his Dow Theory Letters:
The market is warning of a coming depression. Next year there’ll be a huge problem of unemployment, job openings will have disappeared, and every business will be going over its personal thinking in terms of who the business can do without.
The sentiment in the country will be dark grey to jet black. Fortunes will have been wiped out. Thousands of savings plans and 401Ks will have been shattered. Americans [...]
Daily Observations for Friday
WSJ.com reported that, “The Dow Jones Industrial Average surged 500 points amid reports that President-elect Barack Obama will name Timothy Geithner, the current head of the New York Fed and a prominent figure in the government’s recent market interventions, as his Treasury secretary. The rally halted a sharp two-day plunge which had pushed stocks to their worst levels in 11 years. Unease about the financial sector lingered, however, as Citigroup shares plunged 20%.”
It Take Balls: The PPT Makes The GetawayPicture © Teresa Lo
Two thoughts: (i.) yesterday’s podcast was dead on with respect to market sentiment, and (ii.) Robert Rubin [...]
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