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Observations for Friday
Pete and I would like to wish all a good and safe New Year’s Eve.
S&P 500, Daily Swing Chart
We end 2008 on a high note:
After the close, our stock scan found 98 winners and 3 losers. We’ve put today’s DAILY WORKSHEET ONLINE for everyone.
Changes to products and services offered in 2009 will go into effect within 24 hours. Hint: If you’ve been sitting on the fence, please sign up ASAP.
May 2009 be a good one for all. Happy New Year!
Market Barometers for Friday
Let’s take a look at our market barometers to see what the market says.
The Mamis High/Low Barometer
Justin Mamis took the 52-week new highs and new lows statistics for the S&P 500 index and plotted the 10-day simple moving average of the net differential.
S&P 500: Mamis 10-day MA of Net New Highs/Lows
He particularly liked to look at the big picture using statistics from the NYSE:
NYSE: Mamis 10-day MA of Net New Highs/Lows
The InVivo High/Low Barometer
We took the 52-week new highs and new lows statistics for the S&P 500 index and constructed an oscillator built to fluctuate between +100 [...]
Trading Ideas for Friday
PLEASE NOTE: Starting last Monday, we now rank and sort ALL of the worksheets EVERY DAY so that you are kept abreast of relative performance of every index, ETF and stock that we track. And yes, Trading Ideas is now CLOSED TO NON-MEMBERS. :)
The stock scan performed after the close found 98 winners and 3 losers.
VIEW THE WORKSHEET ONLINE
VIEW AND DOWNLOAD WORKSHEET (click File > Export from Google Docs)
Using The Scan
The stock scan is designed to find stocks that are currently in play; criteria includes price movement, range and liquidity (500,000 shares on the [...]
Preliminary Allocations for December 31
Please find below the PRELIMINARY ALLOCATIONS for all of our model CORE portfolios.
The preliminary allocations for the TSP Conservative Growth, TSP Income and Canadian Dollar core portfolios were calculated based on closing data from December 30, 2008, while the allocation for the U.S. Dollar Core portfolio was calculated based on data as of 3:00PM Eastern time today.
If you are adjusting your portfolio on a regular basis OR if your portfolio has materially drifted away from the target allocations below, you have the option of adjusting the allocation before the market close based on these preliminary numbers in order [...]
GCI – Gannett Co., Inc.
Bloomberg.com featured stories about two companies that were on Trading Ideas for Tuesday: General Electric Company (NYSE:GE) and Gannett Co., Inc. (NYSE:GCI) are both on the losers list.
Daily Chart with 50- and 200-day Moving Average
Gannett Co (GCI)
GCI had a debt-funded buyback program in place. In this environment, the company is scrambling now that the company’s debt is only one-step above a “junk” rating.
Daily Chart with Relative Momentum Indicators
GCI has been in a very, very long downtrend, but given that the technical setup is that of a test of bottom with a long downswing, we cannot rule out a [...]
GE – General Electric Company
Bloomberg.com featured stories about two companies that were on Trading Ideas for Tuesday: General Electric Company (NYSE:GE) and Gannett Co., Inc. (NYSE:GCI) are both on the losers list.
Daily Chart with 50- and 200-day Moving Average
General Electric (GE)
GE is current fighting hard to keep its AAA credit rating. What would happen if the company is downgraded? How much would this affect markets and how much would this affect investors sentiment?
Daily Chart with Relative Momentum Indicators
The December bounce took GE back to the 50-day MA before sellers took control. What is interesting is that the downswing so far has [...]
THS – TreeHouse Foods Inc.
A scan performed after the close for “the 50/200 cross” trade setup found TreeHouse Foods Inc. (NYSE:THS).
Daily Chart with 50- and 200-day Moving Average
TreeHouse Foods (THS)
TreeHouse Foods is in the food processing industry. They are the maker of the brand name Cremora nondairy coffee creamer but also are involved as a big player in the soup market. Tough economic times has been good for business for THS.
Daily Chart with Relative Momentum Indicators
We’ve applied our relative momentum indicators to the daily chart. They show us that THS was outperforming the S&P 500 Index until mid-November until it “fell [...]
NTT – Nippon Telegraph & Telephone
A scan performed after the close for “the 50/200 cross” trade setup found Nippon Telegraph & Telephone Corp. (ADR) (NYSE:NTT).
Daily Chart with 50- and 200-day Moving Average
Nippon Telegraph & Telephone Corp. (NTT)
Nippon Telegraph & Telephone Corp. is in the communication services industry. NTT is one of the biggest telecom companies in Japan. We can see that there are pockets of strength outside the US markets (and even in Japan!).
Daily Chart with Relative Momentum Indicators
We’ve applied our relative momentum indicators to the daily chart. They show us that NTT has outperformend the S&P 500 Index since October 2008 and [...]
ONB – Old National Bancorp
A scan performed after the close for “the 50/200 cross” trade setup found Old National Bancorp (NYSE:ONB).
Daily Chart with 50- and 200-day Moving Average
Old National Bancorp (ONB)
Old National Bancorp is in the regional bank industry announced in November it was growing by buying up Citizens Financial branches. They will be announcing earnings in late January.
Daily Chart with Relative Momentum Indicators
We’ve applied our relative momentum indicators to the daily chart. The RMI histogram shows us that ONB began outperforming the S&P 500 Index in August 2008, but the pace began to weaken in November as the green lines [...]
Trading Ideas for Wednesday
PLEASE NOTE: Starting last Monday, we now rank and sort ALL of the worksheets EVERY DAY so that you are kept abreast of relative performance of every index, ETF and stock that we track. And yes, Trading Ideas is now CLOSED TO NON-MEMBERS. :)
The stock scan performed after the close found 87 winners and 2 losers.
VIEW THE WORKSHEET ONLINE
VIEW AND DOWNLOAD WORKSHEET (click File > Export from Google Docs)
Using The Scan
The stock scan is designed to find stocks that are currently in play; criteria includes price movement, range and liquidity (500,000 shares on the [...]
The Real Price of Gold
Check out the January 2009 issue of National Geographic, The Real Price of Gold:
For all of its allure, gold’s human and environmental toll has never been so steep. Part of the challenge, as well as the fascination, is that there is so little of it. In all of history, only 161,000 tons of gold have been mined, barely enough to fill two Olympic-size swimming pools. More than half of that has been extracted in the past 50 years. Now the world’s richest deposits are fast being depleted, and new discoveries are rare. Gone are the hundred-mile-long gold reefs in [...]
Trading Ideas for Tuesday
PLEASE NOTE: Starting last Monday, we now rank and sort ALL of the worksheets EVERY DAY so that you are kept abreast of relative performance of every index, ETF and stock that we track. And yes, Trading Ideas is now CLOSED TO NON-MEMBERS. :)
The stock scan performed after the close found 27 winners and 42 losers.
VIEW THE WORKSHEET ONLINE
VIEW AND DOWNLOAD WORKSHEET (click File > Export from Google Docs)
Winners and Losers
If there is a swing trade setup on this list that serves as a study case, the write-up will be posted overnight. The last [...]
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