Wiser Trader Stocks and Options Newsletter
______________________________________________________________________________
Issue No. 87 July 31, 2006 Prescott, Arizona Systems@WiserTrader.com
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1.0 Trading
Prospects for a late year rally look good, as long-term support for the S&P 500 appears to be holding.
1.1 Support Holds
With two thirds of S&P 500 companies reporting, the ratio of positive earnings surprises to earnings misses is about three to one. Year over year S&P earnings for the second quarter are about 13% with guidance for the third quarter running at 12% or more. Second quarter GDP numbers of 2.5% gave the market more reason to think that the economy is slowing enough for the FOMC to not make a further rate hike on August 8th. Inflation does not appear to be backing off yet. Still, the prospect for a late year rally seems good because support for the S&P 500 in Figure 1A appears to be holding.
FIGURE 1A
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The NASDAQ in Figure 1B is still not in as good a shape. Although it rallied 3.7% this week, the NASDAQ remains well below its 200 day SMA. Some analysts have commented that the NASDAQ is beginning to show signs of a more cyclical behavior compared with its past secular character. The NASDAQ is down 5% for the year.
FIGURE 1B
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2.0 Market Analysis
With the exception of transportation, the major sectors all gained at least 1% for the week. Oil prices remain above $70 a barrel. In spite of diplomatic efforts, prospects for a peaceful Middle East remain elusive.
Key industry ETF’s in Table 2A are Biotech and Semiconductors, which confirm the NASDAQ. Transportation confirms the Dow Jones Industrial Average according to Dow Theory. Banking and Financials are confirming indicators for the S&P 500. Gold and Housing are respective indicators for the inverse health of the currency (inflation) and the capacity for consumer spending.
Table 2A
Indices, Key Industry ETF’s and Sector SPDR’s
|
|
1 month |
1 wk ago |
2 wks ago |
3 wks ago |
4 wks ago |
|
Dow Jones Industrial Index |
0.6% |
3.2% |
1.2% |
-3.2% |
-0.5% |
|
NASDAQ Composite Index |
-3.6% |
3.7% |
-0.8% |
-4.4% |
-1.9% |
|
S & P 500 Index |
0.7% |
3.1% |
0.3% |
-2.3% |
-0.4% |
|
NYSE Composite Index |
1.1% |
3.8% |
0.0% |
-2.5% |
-0.2% |
|
Russell 2000 Index |
-3.4% |
4.2% |
-1.4% |
-4.0% |
-2.1% |
|
HGX, Phil. Housing Index |
-7.4% |
5.0% |
-2.9% |
-7.5% |
-1.8% |
|
IYR, Real Estate |
4.2% |
3.6% |
0.4% |
-1.5% |
1.6% |
|
GLD, GOLD |
3.1% |
2.3% |
-6.3% |
5.1% |
2.3% |
|
RKH, Banking |
4.1% |
2.3% |
3.2% |
-1.3% |
-0.1% |
|
IYT, Transportation |
-10.4% |
-0.7% |
-2.8% |
-5.6% |
-1.7% |
|
SMH, Semiconductors |
-4.5% |
7.7% |
-5.0% |
-3.4% |
-3.4% |
|
BBH, Biotechnology |
0.5% |
3.7% |
-0.4% |
-4.3% |
1.6% |
|
OIH, Oil Infrastructure |
-5.2% |
8.9% |
-11.4% |
1.4% |
-3.1% |
|
XLE, Energy |
1.8% |
6.0% |
-5.8% |
2.0% |
-0.1% |
|
XLU, Utilities |
5.3% |
1.6% |
2.4% |
0.5% |
0.7% |
|
XLB, Materials |
-4.1% |
2.4% |
-2.4% |
-3.2% |
-0.9% |
|
XLI, Industrial |
-5.3% |
1.0% |
-0.9% |
-3.8% |
-1.6% |
|
XLK, Technology |
-2.5% |
4.4% |
-0.5% |
-4.4% |
-1.7% |
|
XLV, Healthcare |
5.8% |
3.3% |
3.3% |
-1.4% |
0.6% |
|
XLF, Financials |
2.5% |
2.6% |
2.1% |
-2.3% |
0.0% |
|
XLP, Consumer Staples |
2.1% |
1.0% |
1.8% |
-1.5% |
0.7% |
|
XLY, Consumer Discretionary |
-3.4% |
2.9% |
-0.2% |
-4.6% |
-1.5% |
The VIX and VXN volatility indexes are listed in Table 2B.
Table 2B
Volatility
|
Indicator |
Current |
Last Week |
2 Weeks Ago |
Complacent |
Cautious |
|
VIX ** |
14.3 |
17.4 |
18.1 |
< 20 |
> 50 |
|
VXN *** |
19.3 |
23.2 |
24.6 |
< 30 |
> 70 |
|
** Below 20 day SMA = Short-term buy signal. *** Below 20 day SMA = Short-term buy signal. |
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Figure 2A compares the major averages with key ETF’s and Sector SPDR’s.
FIGURE 2A
Table 2C
Market Summary
Industries are listed according to the Yahoo Industry Classification System
Major Indices For the Past Week: Dow Jones +3.2% NASDAQ +3.7% S&P500 Index +3.1% Russell 2000 +4.2% NYSE +3.8% 30 Year Bond 5.067% 10 Year Note 4.990% Leading Industries For the Past Week: Lagging Industries For the Past Week: |
Leading Industries For the Past Month: Lagging Industries For the Past Month: Crude Oil $73.36 Gold for the past 30 days: USD +8.39% CAD +9.77% CHF +7.12% GBP +5.25% EUR +6.63% JPY +7.07% |
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3.0 Procedure
The following watch lists contain stock candidates for consideration. They are not necessarily trades. Categories include checklists for insider buying and cash rich companies, as well as, filters that employ stock picking methods used by master traders. The information is not meant to imply any endorsement or sponsorship by these master traders.
Current stock rankings are based on the degree to which stocks are overbought or over sold based on the 28-period Williams %R for the past two trading days. Two columns are labeled “%R1” and “%R2” with “%R2” indicating the Williams %R for the most recent trading day. Of course, values more negative than -80 are oversold and those less negative than -20 are overbought.
One should keep in mind that oversold stocks are not necessarily ready to move upward. They could very well be in a condition of continuous decline. The lists are meant to serve as a starting point for further due diligence.
A column labeled “Monthly % Gain” was added to show the inverse relationship between price action over the past month and the Williams %R. The change from a 10-period Williams %R with a weekly percent change to a 28-period Williams %R with a monthly percent change was done to reflect a longer term view.
The “Reference” is the date that a stock passed the indicated filter and was first added to or returned to the list. The “% Change” is how the price has changed since the reference date. Stocks that are down 10% or more after being listed are removed for a period of about two months. The “% from Max” is the percentage the price has declined from the maximum price reached since the reference date. Stocks that are down 8% from their highs after being listed are flagged in yellow. Stocks that are down 15% from their highs after being listed are removed for two months. More information on filters is available on the web site.
A performance summary of filtering techniques for checklists and master trader selection methods is given in Table 3A.
Table 3A
Stock Filter Summary
|
Filter |
Avg. % Change Since Listed |
Avg. % Change Friday |
1 Month |
1 Week Ago |
2 weeks Ago |
3 Weeks Ago |
4 Weeks Ago |
|
Net Insider Buying |
-0.2% |
0.0% |
-5.0% |
2.0% |
-1.7% |
-2.7% |
-2.4% |
|
Cash Rich Companies |
2.3% |
0.5% |
-8.7% |
1.6% |
-0.8% |
-3.8% |
-6.0% |
|
Price to Free Cash Flow |
0.2% |
1.1% |
-5.9% |
1.5% |
-0.9% |
-4.9% |
-1.7% |
|
Growth Momentum |
1.2% |
0.9% |
0.8% |
3.3% |
0.8% |
-3.8% |
0.6% |
|
Lynch |
21.0% |
2.8% |
0.0% |
3.4% |
1.8% |
-4.5% |
-0.6% |
|
Buffett |
9.2% |
1.5% |
-1.1% |
4.4% |
-1.3% |
-3.6% |
-0.5% |
|
Graham |
13.0% |
1.1% |
4.7% |
3.1% |
2.4% |
-0.7% |
0.1% |
|
Templeton |
6.5% |
1.6% |
-3.2% |
3.6% |
-0.4% |
-4.9% |
-1.6% |
|
Zweig |
3.7% |
2.1% |
0.1% |
6.8% |
-2.1% |
-2.8% |
-1.3% |
|
Average |
6.3% |
1.3% |
-2.0% |
3.3% |
-0.3% |
-3.5% |
-1.5% |
Key
|
Passed Recent Filter |
|
Price declined by half of stop loss setting |
|
Oversold based on Williams %R (%R2 is most recent) |
|
Overbought based on Williams %R (%R2 is most recent) |
Companies that have experienced net insider buying within the past 6 months of 5% or more of issued stock are listed in Table 3B. These stocks should also appear in one of the master trader screens or meet additional screening criteria before being given serious consideration. This list is a mixture of stocks that are optionable and those that are not.
Table 3B
Net Insider Buying Check List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
DWRI |
07/21/06 |
-7.8% |
Design Within Reach, Inc. |
Consumer Cyclical |
Furniture & Fixtures |
-8.2% |
-7.8% |
-74 |
-87 |
|
MSN |
07/07/06 |
-3.8% |
Emerson Radio Corp. |
Consumer Cyclical |
Audio & Video Equipment |
-5.1% |
-5.7% |
-73 |
-82 |
|
AVZA |
07/07/06 |
-5.3% |
Aviza Technology Inc. |
Technology |
Semiconductors |
-7.8% |
-2.2% |
-92 |
-71 |
|
TWI |
06/16/06 |
-2.7% |
Titan International, Inc. |
Consumer Cyclical |
Auto & Truck Parts |
-8.0% |
-4.7% |
-65 |
-63 |
|
ACME |
05/12/06 |
1.2% |
ACME Communications, Inc. |
Services |
Broadcasting & Cable TV |
-8.3% |
1.2% |
-47 |
-62 |
|
FNLY |
07/28/06 |
0.0% |
Finlay Enterprises, Inc. |
Services |
Retail (Specialty Non-Apparel) |
0.0% |
15.9% |
-77 |
-58 |
|
APN |
07/21/06 |
11.8% |
Applica Incorporated |
Consumer Cyclical |
Appliances & Tools |
-2.8% |
11.8% |
-51 |
-58 |
|
SGXP |
06/09/06 |
-5.3% |
SGX Pharmaceuticals, Inc. |
Health Care |
Biotechnology & Drugs |
-10.3% |
-3.5% |
-39 |
-58 |
|
PLB |
07/21/06 |
0.9% |
American Italian Pasta Company |
Consumer Non-Cyclical |
Food Processing |
0.0% |
-4.0% |
-54 |
-48 |
|
RGNC |
05/26/06 |
7.2% |
Regency Energy Partners LP |
Utilities |
Natural Gas Utilities |
-1.6% |
9.4% |
-27 |
-38 |
|
PHRM |
07/07/06 |
1.4% |
Pharmion Corporation |
Health Care |
Biotechnology & Drugs |
-1.6% |
0.7% |
-47 |
-35 |
Companies with net cash positions that comprise at least 40% of their share price are listed in Table 3C. These stocks should also appear in one of the master trader screens or meet additional screening criteria before being given serious consideration. Again, this list is a mixture of stocks that are optionable and those that are not.
Table 3C
Capital Rich Companies Check List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
KONG |
07/07/06 |
-6.5% |
KongZhong Corporation (ADR) |
Technology |
Computer Services |
-11.8% |
-29.3% |
-91 |
-95 |
|
VNUS |
07/28/06 |
0.0% |
VNUS Medical Technologies, Inc. |
Health Care |
Medical Equipment & Supplies |
0.0% |
-16.8% |
-97 |
-92 |
|
EXAR |
07/28/06 |
0.0% |
Exar Corporation |
Technology |
Semiconductors |
0.0% |
-2.5% |
-62 |
-44 |
|
SCIX |
04/07/06 |
20.2% |
Scailex Corp., Ltd. |
Technology |
Computer Networks |
-0.4% |
3.0% |
-22 |
-21 |
|
WSC |
03/11/06 |
-2.1% |
Wesco Financial Corporation |
Conglomerates |
Conglomerates |
-4.2% |
2.4% |
-25 |
-6 |
Table 3D was added to contain companies having a low price to free cash flow (P-FCF) less than 5. Companies having P-FCF less than 10 are typically capable of financing the purchase of all their outstanding shares of stock.
Table 3D
Price to Free Cash Flow Companies Check List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
JRC |
07/28/06 |
0.0% |
Journal Register Company |
Services |
Printing & Publishing |
0.0% |
-3.8% |
-97 |
-97 |
|
MOVI |
07/14/06 |
-6.7% |
Movie Gallery, Inc. |
Services |
Recreational Activities |
-6.7% |
-2.8% |
-97 |
-92 |
|
RHD |
07/14/06 |
-3.1% |
R.H. Donnelley Corp. |
Services |
Advertising |
-3.1% |
0.9% |
-97 |
-69 |
|
LNX |
07/14/06 |
4.0% |
Lenox Group Inc. |
Consumer Non-Cyclical |
Personal & Household Products |
-2.2% |
0.6% |
-68 |
-58 |
|
FIS |
05/12/06 |
-2.7% |
Fidelity National Information Services |
Services |
Business Services |
-4.0% |
4.7% |
-42 |
-26 |
|
F |
07/21/06 |
9.7% |
FORD MOTOR |
Consumer Cyclical |
Auto & Truck Manufacturers |
0.0% |
9.7% |
-16 |
-10 |
For the Peter Lynch style screen in Table 3E, the number of selections is reduced by selecting only optionable stocks having P/E’s less than 30.
Table 3E
Peter Lynch Value Watch List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
PKX |
07/28/06 |
0.0% |
POSCO (ADR) |
Basic Materials |
Iron & Steel |
0.0% |
-7.5% |
-84 |
-59 |
|
AZN |
02/03/06 |
29.9% |
AstraZeneca PLC (ADR) |
Health Care |
Major Drugs |
-1.9% |
1.7% |
-40 |
-21 |
|
BTI |
08/12/05 |
33.3% |
British American Tobacco (ADR) |
Consumer Non-Cyclical |
Tobacco |
0.0% |
5.9% |
-21 |
-3 |
For the Growth Momentum screen in Table 3F, the number of selections is reduced by selecting only optionable stocks having P/E’s less than 30.
Table 3F
Growth Momentum Watch List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
ENDP |
02/17/06 |
3.2% |
Endo Pharmaceuticals |
Health Care |
Biotechnology & Drugs |
-8.0% |
2.8% |
-53 |
-51 |
|
PPDI |
07/21/06 |
0.4% |
Pharmaceutical Product Development, Inc. |
Health Care |
Biotechnology & Drugs |
-4.6% |
0.4% |
-34 |
-34 |
|
GS |
07/28/06 |
0.0% |
Goldman Sachs Group, Inc. |
Financial |
Investment Services |
0.0% |
6.8% |
-33 |
-8 |
The filter for Warren Buffet style stock picking in Table 3G is for the intermediate to long term. Two requirements were added. One was to include only optionable stocks in order to find LEAPS opportunities. The other requirement was to include only those stocks having a PE of 17 or less.
Table 3G
Warren Buffett Value Watch List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
JBHT |
07/28/06 |
0.0% |
J.B. Hunt Transport Services, Inc. |
Transportation |
Trucking |
0.0% |
-16.4% |
-95 |
-90 |
|
AEOS |
03/10/06 |
9.8% |
American Eagle Outfitters |
Services |
Retail (Apparel) |
-9.4% |
-5.1% |
-89 |
-90 |
|
THO |
07/21/06 |
2.3% |
Thor Industries, Inc. |
Capital Goods |
Mobile Homes & RVs |
-0.9% |
-10.0% |
-95 |
-80 |
|
TBL |
07/07/06 |
-1.8% |
The Timberland Company |
Consumer Cyclical |
Footwear |
-4.3% |
-2.3% |
-80 |
-74 |
|
NKE |
09/23/05 |
-1.7% |
NIKE, Inc. |
Consumer Cyclical |
Footwear |
-12.6% |
-1.4% |
-86 |
-73 |
|
ABFS |
04/29/05 |
40.3% |
Arkansas Best Corporation |
Transportation |
Trucking |
-12.5% |
-11.9% |
-75 |
-70 |
|
STLD |
07/21/06 |
0.5% |
Steel Dynamics, Inc. |
Basic Materials |
Iron & Steel |
-1.6% |
-13.3% |
-62 |
-69 |
|
GTRC |
06/30/06 |
-2.2% |
Guitar Center, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-2.2% |
-2.2% |
-65 |
-61 |
|
SPF |
07/14/06 |
1.9% |
Standard Pacific Corp. |
Capital Goods |
Construction Services |
0.0% |
-10.9% |
-78 |
-59 |
|
MVK |
07/21/06 |
-0.1% |
Maverick Tube Corporation |
Capital Goods |
Construction - Supplies and Fixtures |
-0.2% |
0.5% |
-54 |
-47 |
|
ASH |
07/21/06 |
3.1% |
Ashland Inc. |
Capital Goods |
Construction Services |
-0.3% |
-0.7% |
-38 |
-28 |
|
NAT |
05/12/06 |
18.8% |
Nordic American Tanker Shipping Limited |
Transportation |
Water Transportation |
-1.6% |
4.3% |
-30 |
-27 |
|
OXY |
03/03/06 |
12.2% |
Occidental Petroleum Corporation |
Energy |
Oil & Gas Operations |
-0.5% |
3.9% |
-13 |
-14 |
|
HDI |
10/14/05 |
15.1% |
Harley-Davidson, Inc. |
Consumer Cyclical |
Recreational Products |
0.0% |
3.2% |
-29 |
-9 |
|
PETD |
07/07/06 |
18.0% |
Petroleum Development Corporation |
Energy |
Oil & Gas - Integrated |
0.0% |
13.8% |
-8 |
-6 |
|
STR |
05/26/06 |
22.1% |
Questar Corporation |
Energy |
Oil & Gas Operations |
-0.1% |
8.7% |
-4 |
-4 |
|
EOG |
07/14/06 |
2.7% |
EOG Resources, Inc. |
Energy |
Oil & Gas Operations |
0.0% |
3.9% |
-14 |
-4 |
|
BTI |
12/30/05 |
19.2% |
British American Tobacco (ADR) |
Consumer Non-Cyclical |
Tobacco |
0.0% |
5.9% |
-21 |
-3 |
|
PCU |
07/21/06 |
14.3% |
Southern Copper Corporation |
Basic Materials |
Metal Mining |
0.0% |
9.6% |
-16 |
-1 |
Stocks from Benjamin Graham’s style of utility investing are listed in Table 3H. A requirement was added to include only those stocks having a PE of 17 or less.
Table 3H
Benjamin Graham Utility Watch List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
UGI |
12/30/05 |
20.8% |
UGI Corporation |
Utilities |
Natural Gas Utilities |
-3.0% |
1.1% |
-39 |
-32 |
|
PGN |
01/10/05 |
-1.0% |
Progress Energy, Inc. |
Utilities |
Electric Utilities |
-4.7% |
1.7% |
-30 |
-20 |
|
VVC |
03/03/06 |
8.3% |
Vectren Corporation |
Utilities |
Natural Gas Utilities |
-0.7% |
3.2% |
-19 |
-11 |
|
WPS |
05/26/06 |
6.3% |
WPS Resources Corp |
Utilities |
Electric Utilities |
-0.4% |
4.8% |
-14 |
-8 |
|
OTTR |
06/09/06 |
8.7% |
Otter Tail Corporation |
Utilities |
Electric Utilities |
-0.2% |
6.3% |
-12 |
-7 |
|
ATG |
10/21/05 |
18.4% |
AGL Resources Inc. |
Utilities |
Natural Gas Utilities |
0.0% |
2.8% |
-14 |
-7 |
|
UU |
06/10/05 |
1.8% |
United Utilities PLC (ADR) |
Utilities |
Electric Utilities |
-3.3% |
3.9% |
-17 |
-6 |
|
ATO |
04/01/05 |
8.0% |
Atmos Energy Corporation |
Utilities |
Natural Gas Utilities |
-2.3% |
4.2% |
-8 |
-5 |
|
SRE |
01/10/05 |
34.1% |
Sempra Energy |
Utilities |
Natural Gas Utilities |
-0.5% |
6.6% |
-10 |
-3 |
|
EON |
03/10/06 |
11.6% |
E.ON AG (ADR) |
Utilities |
Electric Utilities |
0.0% |
6.6% |
-6 |
-3 |
|
OKE |
11/11/05 |
40.0% |
ONEOK, Inc. |
Utilities |
Natural Gas Utilities |
-0.2% |
10.7% |
-17 |
-3 |
|
WGL |
12/23/05 |
-0.6% |
WGL Holdings, Inc. |
Utilities |
Natural Gas Utilities |
-3.7% |
4.6% |
-19 |
-2 |
Optionable stocks from John Templeton’s style of investing are listed in Table 3I.
Table 3I
John Templeton Watch List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
HIBB |
07/21/06 |
-3.5% |
Hibbett Sporting Goods, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-4.8% |
-3.5% |
-94 |
-95 |
|
SPLS |
05/26/06 |
-9.2% |
Staples, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-12.6% |
-10.7% |
-89 |
-95 |
|
WSO |
07/28/06 |
0.0% |
Watsco, Incorporated |
Capital Goods |
Misc. Capital Goods |
0.0% |
-25.1% |
-91 |
-84 |
|
PNR |
07/28/06 |
0.0% |
Pentair, Inc. |
Conglomerates |
Conglomerates |
0.0% |
-16.7% |
-87 |
-75 |
|
BBBY |
07/21/06 |
3.6% |
Bed Bath & Beyond Inc. |
Services |
Retail (Specialty Non-Apparel) |
0.0% |
1.8% |
-59 |
-56 |
|
DHI |
07/14/06 |
3.0% |
D.R. Horton Inc. |
Capital Goods |
Construction Services |
0.0% |
-8.4% |
-73 |
-55 |
|
DGX |
08/19/05 |
18.9% |
Quest Diagnostics Incorporated |
Health Care |
Healthcare Facilities |
-3.0% |
-0.9% |
-52 |
-54 |
|
COH |
07/28/06 |
0.0% |
Coach, Inc. |
Consumer Cyclical |
Apparel/Accessories |
0.0% |
-5.9% |
-52 |
-40 |
|
PETS |
07/07/06 |
13.4% |
PetMed Express, Inc. |
Services |
Retail (Drugs) |
0.0% |
6.9% |
-51 |
-32 |
|
CHD |
11/18/05 |
9.6% |
Church & Dwight Co., Inc. |
Consumer Non-Cyclical |
Personal & Household Products |
-3.5% |
0.5% |
-31 |
-17 |
|
EWBC |
12/30/05 |
11.3% |
East West Bancorp, Inc. |
Financial |
Regional Banks |
-0.7% |
7.1% |
-33 |
-13 |
|
HDI |
02/24/06 |
7.8% |
Harley-Davidson, Inc. |
Consumer Cyclical |
Recreational Products |
0.0% |
7.1% |
-29 |
-9 |
|
GISX |
12/30/05 |
21.9% |
Global Imaging Systems, Inc. |
Technology |
Office Equipment |
0.0% |
2.2% |
-28 |
-7 |
|
GBCI |
05/05/06 |
0.5% |
Glacier Bancorp, Inc. |
Financial |
Regional Banks |
0.0% |
5.9% |
-32 |
-4 |
|
JNJ |
02/17/06 |
6.5% |
Johnson & Johnson |
Health Care |
Major Drugs |
0.0% |
1.9% |
0 |
-2 |
|
MIK |
12/30/05 |
19.9% |
Michaels Stores, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-0.1% |
2.9% |
-2 |
-1 |
Optionable stocks from Martin Zweig’s style of investing are listed in Table 3J.
Table 3J
Martin Zweig Watch List
|
Stock |
Reference |
% Chg |
Company |
Sector |
Industry |
% from Max |
Monthly % Gain |
%R1 |
%R2 |
|
ZIGO |
07/07/06 |
-6.2% |
Zygo Corporation |
Technology |
Semiconductors |
-9.4% |
-9.7% |
-97 |
-73 |
|
LSTR |
02/10/06 |
-1.3% |
Landstar System, Inc. |
Transportation |
Trucking |
-13.3% |
-10.2% |
-86 |
-68 |
|
CRDN |
06/09/06 |
9.4% |
Ceradyne, Inc. |
Capital Goods |
Aerospace and Defense |
-10.4% |
-1.2% |
-60 |
-61 |
|
PCAR |
07/28/06 |
0.0% |
PACCAR Inc |
Consumer Cyclical |
Auto & Truck Manufacturers |
0.0% |
-2.2% |
-69 |
-38 |
|
SII |
04/28/06 |
2.4% |
Smith International, Inc. |
Energy |
Oil Well Services & Equipment |
-4.7% |
-2.7% |
-29 |
-32 |
|
WHQ |
07/14/06 |
0.2% |
W-H Energy Services, Inc. |
Energy |
Oil Well Services & Equipment |
0.0% |
1.3% |
-29 |
-27 |
|
MRO |
04/28/06 |
12.6% |
Marathon Oil Corporation |
Energy |
Oil & Gas Operations |
-1.7% |
7.3% |
-14 |
-15 |
|
BEAV |
07/28/06 |
0.0% |
BE Aerospace, Inc. |
Capital Goods |
Aerospace and Defense |
0.0% |
2.6% |
-21 |
-15 |
|
BSC |
06/16/06 |
7.9% |
The Bear Stearns Companies Inc. |
Financial |
Investment Services |
-0.7% |
1.2% |
-53 |
-13 |
|
DHR |
07/21/06 |
4.7% |
Danaher Corporation |
Technology |
Scientific & Technical Instruments |
0.0% |
2.0% |
-16 |
-11 |
|
TROW |
07/28/06 |
0.0% |
T. Rowe Price Group, Inc. |
Financial |
Investment Services |
0.0% |
6.9% |
-13 |
-8 |
|
GS |
06/16/06 |
5.4% |
Goldman Sachs Group, Inc. |
Financial |
Investment Services |
-0.5% |
0.9% |
-33 |
-8 |
|
FSH |
05/05/06 |
1.1% |
Fisher Scientific International Inc. |
Technology |
Scientific & Technical Instruments |
-3.3% |
2.0% |
-8 |
-6 |
|
ESI |
11/04/05 |
12.0% |
ITT Educational Services |
Services |
Schools |
0.0% |
0.7% |
-26 |
-5 |
|
MDU |
01/27/06 |
6.3% |
MDU Resources Group, Inc. |
Utilities |
Natural Gas Utilities |
-0.6% |
0.8% |
-27 |
-4 |
|
ERF |
05/05/06 |
4.8% |
ENERPLUS RESOURCES FUND SR G TR UNITS |
Energy |
Oil & Gas Operations |
-0.1% |
1.3% |
-16 |
-4 |
4.0 Results & Conclusions
This section highlights trading performance. Only a summary is provided here to save space. Detailed lists of closed trades can be found on the portfolio page of the website.
|
Major Indices Year to Date |
Relative to SMA 200
|
200 Day High |
Relative to High |
50 Day Low |
Relative to Low |
||||
|
|
12/30/05 |
7/29/06 |
% Chg |
07/29/06 |
Prior Week |
||||
|
DOW |
10717.5 |
11,219.70 |
4.69% |
2.28% |
-0.12% |
11642.7 |
-3.63% |
10706.1 |
4.80% |
|
NASDAQ |
2205.32 |
2,094.14 |
-5.04% |
-5.88% |
-8.36% |
2370.88 |
-11.67% |
2020.39 |
3.65% |
|
S&P500 |
1248.29 |
1,278.55 |
2.42% |
0.90% |
-1.22% |
1325.76 |
-3.56% |
1223.69 |
4.48% |
|
Russell 2K |
673.22 |
700.03 |
3.98% |
-1.23% |
-3.36% |
781.83 |
-10.46% |
671.94 |
4.18% |
|
NYSE |
7753.95 |
8254.98 |
6.46% |
3.23% |
0.45% |
8646.96 |
-4.53% |
7719.78 |
6.93% |
|
Average |
|
|
2.50% |
-0.14% |
-2.52% |
|
-6.77% |
|
4.81% |
4.1 Options Trading
Average Profit per Trade 1.4%
Average Hold Time 3.1 days
4.2 Stock Trading
|
Stock Trading for 2006 ($10.5K Initial Capital) |
||
|
Number of Closed trades in 2006 = |
10 |
|
|
Average Trade Size = |
$1,000.00 |
|
|
Total Closed Position Share costs = |
$10,000.00 |
|
|
Gross Profit on Closed Positions = |
$542.06 |
5.4% |
|
Number of Open Positions = |
4 |
|
|
Gross Profit on Open Positions = |
-$218.15 |
-5.5% |
|
Broker Commission ($9.99/trade) = |
-$239.76 |
|
|
Subscription Cost to date = |
-$70.00 |
|
|
Net Profit After Expenses = |
$14.15 |
0.1% |
|
Cash = |
$7,042.06 |
|
Appendix - Investment Conference Schedule
Below are links to conference registration sites where you can sign up.
- 08-07-06 through 08-09-06, Colorado Convention Center, Downtown Denver, 2006 Rocky Mountain Natural Gas Strategy Conference & Investment Forum, Energy technology is ever-evolving. Now more than ever, necessity seeks invention. But the risks we face in employing and balancing new and mature energy technologies have created a double-edged sword -- too much confidence and spin on one side, too much skepticism and demagoguery on the other. Against the backdrop of unprecedented global interdependence and technological complexity, society is making macro-risk choices with little understanding of the consequences. The risks are growing harder to judge, much less quantify. While at the same time, the consequences of miscalculation are increasingly serious, interlocking and far ranging. Put another way, what's the ratio of cars in China or hurricanes in the Gulf of Mexico to drilling rigs in the Rockies?
- 09-24-06 through 09-25-06, Toronto Convention Center, Toronto, Canada, 2006 Toronto Resource Investment Conference, featuring leading junior resource, exploration and development and producing public companies, featuring companies that may be the index leaders of tomorrow with Canada's largest line-up of newsletter editors, analysts, mining executives and industry professionals.
- 01-21-07 through 01-22-07, Vancouver Convention & Exhibition Centre, Vancouver, BC, 2007 Vancouver Resource Investment Conference, Featuring a world-class line-up of speakers, covering all types of direct investments in resource public companies, speculative investing, resource exploration, oil & gas, world outlook, investment strategies and more.
Conference Search
Financial reporting and corporate news - "Corporate News Announcements"