Wiser Trader Stocks and Options Newsletter
______________________________________________________________________________
Issue No. 92 September 4, 2006 Prescott, Arizona Systems@WiserTrader.com
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1.0 Trading
In spite of continued low volume, the market is holding on to recent gains.
1.1 September Test
This week, the major averages gained from 1.2% for the S&P 500 in Figure 1A to 3.2% for the Russell 2000. If it were not for the low volume, one could anticipate an early fall rally. However, September is a notoriously weak month. As large traders return from vacations the first week of September, it remains to be seen whether they will continue buying or take profits.
FIGURE 1A
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© 2006 WiserTrader.com, LLC. Members of wisertrader.com are neither licensed brokers nor licensed advisors. Trades discussed represent recommendations made by the editor for the wisertrader.com portfolio. The newsletter and web site are for information only and should not be considered as personal advice. While it is believed that the posted information is factual, mistakes can be made in transcription. Investors should trade stocks only after verifying all information and consulting with a licensed broker or adviser. WiserTrader.commarkets third party trading systems but has no other affiliation with trading system companies. |
Some profit taking in semiconductors on Friday was evident for the NASDAQ in Figure 1B. However, the NASDAQ managed to hold on to its recent gains, as well, with a 2.5% gain for the week.
FIGURE 1B
The market continues to welcome a moderating economy, expecting the FOMC to see it as a reason to refrain from further rate hikes on September 20th. Recent employment and inflation data supported prospects for a soft landing. Lower treasury yields anticipate moderating economic growth with modestly reduced earnings for the 3rd quarter.
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2.0 Market Analysis
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 |
2.0% |
1.6% |
-0.9% |
2.6% |
-1.4% |
|
NASDAQ Composite Index |
5.2% |
2.5% |
-1.1% |
5.2% |
-1.3% |
|
S & P 500 Index |
2.5% |
1.2% |
-0.5% |
2.8% |
-1.0% |
|
NYSE Composite Index |
2.0% |
1.4% |
-0.7% |
2.7% |
-1.3% |
|
Russell 2000 Index |
2.9% |
3.2% |
-1.7% |
4.8% |
-3.2% |
|
HGX, Phil. Housing Index |
0.1% |
2.7% |
-1.8% |
5.7% |
-6.0% |
|
IYR, Real Estate |
0.4% |
1.5% |
0.7% |
2.5% |
-4.2% |
|
GLD, GOLD |
-3.3% |
0.6% |
1.2% |
-2.7% |
-2.4% |
|
RKH, Banking |
-1.2% |
-0.2% |
-0.8% |
2.0% |
-2.2% |
|
IYT, Transportation |
-1.5% |
2.0% |
-3.5% |
5.9% |
-5.4% |
|
SMH, Semiconductors |
8.2% |
3.3% |
-1.1% |
8.2% |
-2.1% |
|
BBH, Biotechnology |
1.3% |
2.0% |
-1.1% |
2.8% |
-2.1% |
|
OIH, Oil Infrastructure |
-1.7% |
-1.2% |
0.5% |
1.1% |
-2.1% |
|
XLE, Energy |
-2.4% |
-3.0% |
1.3% |
-1.2% |
0.5% |
|
XLU, Utilities |
2.1% |
1.4% |
-0.1% |
1.4% |
-0.6% |
|
XLB, Materials |
3.2% |
2.0% |
-0.3% |
3.0% |
-1.3% |
|
XLI, Industrial |
1.2% |
1.7% |
-1.8% |
4.2% |
-2.6% |
|
XLK, Technology |
7.7% |
2.6% |
-0.4% |
5.7% |
-0.3% |
|
XLV, Healthcare |
3.6% |
1.4% |
0.6% |
2.4% |
-0.8% |
|
XLF, Financials |
0.7% |
0.9% |
-0.9% |
2.9% |
-1.9% |
|
XLP, Consumer Staples |
3.6% |
1.7% |
0.2% |
1.4% |
0.4% |
|
XLY, Consumer Discretionary |
2.4% |
2.9% |
-2.6% |
3.3% |
-1.3% |
The VIX and VXN volatility indexes are listed in Table 2B.
Table 2B
Volatility
|
Indicator |
Current |
Last Week |
2 Weeks Ago |
Complacent |
Cautious |
|
VIX ** |
12.0 |
12.3 |
11.6 |
< 20 |
> 50 |
|
VXN *** |
16.8 |
17.0 |
18.5 |
< 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 +1.6% NASDAQ +2.5% S&P500 Index +1.2% Russell 2000 +3.2% NYSE +1.4% 30 Year Bond 4.873% 10 Year Note 4.726% 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 $69.21 Gold for the past 30 days: USD -4.20% CAD -6.06% CHF -4.17% GBP -5.62% EUR -4.46% JPY -2.09% |
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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 |
13.4% |
2.3% |
9.8% |
4.7% |
1.7% |
4.0% |
-0.9% |
|
Cash Rich Companies |
11.2% |
0.1% |
3.9% |
1.2% |
1.4% |
1.7% |
-0.4% |
|
Price to Free Cash Flow |
5.4% |
-0.2% |
3.2% |
1.8% |
-0.2% |
2.6% |
-1.1% |
|
Growth Momentum |
2.2% |
0.2% |
-0.1% |
1.3% |
-2.0% |
2.9% |
-2.2% |
|
Lynch |
17.3% |
2.1% |
5.1% |
4.4% |
-0.1% |
2.2% |
-1.3% |
|
Buffett |
6.3% |
0.6% |
-1.0% |
1.4% |
-1.4% |
1.3% |
-2.0% |
|
Graham |
14.1% |
0.0% |
1.7% |
2.1% |
-1.1% |
1.6% |
-0.9% |
|
Templeton |
7.7% |
0.0% |
1.4% |
2.2% |
-2.6% |
4.3% |
-2.2% |
|
Zweig |
4.2% |
0.7% |
-1.0% |
-0.2% |
-1.2% |
1.7% |
-1.2% |
|
Average |
9.1% |
0.6% |
2.5% |
2.1% |
-0.6% |
2.5% |
-1.4% |
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 |
|
MSN |
07/07/06 |
-2.6% |
Emerson Radio Corp. |
Consumer Cyclical |
Audio & Video Equipment |
-3.8% |
-1.6% |
-66 |
-72 |
|
ULBI |
08/18/06 |
5.5% |
Ultralife Batteries, Inc. |
Technology |
Electronic Instruments & Controls |
0.0% |
1.0% |
-68 |
-46 |
|
TWI |
06/16/06 |
-1.3% |
Titan International, Inc. |
Consumer Cyclical |
Auto & Truck Parts |
-6.7% |
-1.5% |
-65 |
-41 |
|
MOBE |
08/11/06 |
37.1% |
Mobility Electronics, Inc. |
Technology |
Computer Peripherals |
0.0% |
8.7% |
-29 |
-25 |
|
PHRM |
07/07/06 |
10.3% |
Pharmion Corporation |
Health Care |
Biotechnology & Drugs |
-1.3% |
13.1% |
-22 |
-21 |
|
VLNC |
08/04/06 |
24.7% |
Valence Technology, Inc. |
Technology |
Electronic Instruments & Controls |
0.0% |
24.7% |
-26 |
-20 |
|
TELK |
08/04/06 |
7.1% |
Telik, Inc. |
Health Care |
Biotechnology & Drugs |
-1.9% |
7.1% |
-9 |
-20 |
|
PLB |
07/21/06 |
0.1% |
American Italian Pasta Company |
Consumer Non-Cyclical |
Food Processing |
-1.8% |
2.1% |
-13 |
-11 |
|
APN |
07/21/06 |
39.3% |
Applica Incorporated |
Consumer Cyclical |
Appliances & Tools |
0.0% |
6.2% |
-8 |
-4 |
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 |
|
WSC |
03/11/06 |
6.0% |
Wesco Financial Corporation |
Conglomerates |
Conglomerates |
0.0% |
6.0% |
-23 |
-24 |
|
SCIX |
04/07/06 |
20.2% |
Scailex Corp., Ltd. |
Technology |
Computer Networks |
-0.8% |
0.1% |
-29 |
-22 |
|
EXAR |
07/28/06 |
7.4% |
Exar Corporation |
Technology |
Semiconductors |
-0.6% |
5.4% |
-5 |
-11 |
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 |
|
MFW |
08/18/06 |
-3.9% |
M & F Worldwide Corp. |
Consumer Non-Cyclical |
Beverages (Non-Alcoholic) |
-3.9% |
1.3% |
-83 |
-84 |
|
TGS |
08/11/06 |
0.0% |
Transportadora de Gas del Sur S.A (ADR) |
Energy |
Oil & Gas Operations |
-3.1% |
-1.2% |
-75 |
-71 |
|
KWD |
08/18/06 |
0.2% |
Kellwood Company |
Consumer Cyclical |
Apparel/Accessories |
-8.9% |
-2.4% |
-31 |
-63 |
|
Y |
08/11/06 |
2.5% |
Alleghany Corporation |
Conglomerates |
Conglomerates |
0.0% |
0.8% |
-13 |
-11 |
|
F |
07/21/06 |
31.7% |
FORD MOTOR |
Consumer Cyclical |
Auto & Truck Manufacturers |
-1.2% |
3.4% |
-5 |
-10 |
|
MNT |
08/11/06 |
7.6% |
Mentor Corporation |
Health Care |
Medical Equipment & Supplies |
0.0% |
2.3% |
-10 |
-2 |
|
RHD |
07/14/06 |
1.9% |
R.H. Donnelley Corp. |
Services |
Advertising |
0.0% |
2.1% |
-3 |
-2 |
|
FD |
08/11/06 |
7.9% |
Federated Department Str. |
Services |
Retail (Department & Discount) |
0.0% |
4.6% |
-17 |
-2 |
|
FIS |
08/18/06 |
1.1% |
Fidelity National Information Services |
Services |
Business Services |
0.0% |
5.1% |
-18 |
0 |
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 |
|
RTP |
08/04/06 |
-3.0% |
Rio Tinto plc (ADR) |
Basic Materials |
Metal Mining |
-3.6% |
-3.0% |
-81 |
-61 |
|
SKM |
08/25/06 |
3.5% |
SK Telecom Co., Ltd. (ADR) |
Services |
Communications Services |
0.0% |
4.9% |
-65 |
-47 |
|
BTI |
08/12/05 |
38.5% |
British American Tobacco (ADR) |
Consumer Non-Cyclical |
Tobacco |
-0.7% |
2.9% |
-12 |
-11 |
|
PKX |
08/11/06 |
6.4% |
POSCO (ADR) |
Basic Materials |
Iron & Steel |
-0.4% |
3.8% |
-27 |
-8 |
|
VIP |
08/18/06 |
19.0% |
Vimpel-Communications (ADR) |
Services |
Communications Services |
0.0% |
15.7% |
-8 |
-3 |
|
AZN |
02/03/06 |
39.7% |
AstraZeneca PLC (ADR) |
Health Care |
Major Drugs |
0.0% |
6.7% |
-1 |
-1 |
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 |
|
GS |
08/18/06 |
-3.6% |
Goldman Sachs Group, Inc. |
Financial |
Investment Services |
-3.6% |
-0.6% |
-71 |
-69 |
|
ENDP |
02/17/06 |
10.0% |
Endo Pharmaceuticals |
Health Care |
Biotechnology & Drugs |
-4.5% |
-0.5% |
-36 |
-41 |
|
PPDI |
08/04/06 |
3.1% |
Pharmaceutical Product Development, Inc. |
Health Care |
Biotechnology & Drugs |
-0.4% |
4.1% |
-56 |
-40 |
|
CSE |
08/04/06 |
-0.6% |
CapitalSource, Inc. |
Financial |
Misc. Financial Services |
-0.6% |
2.5% |
-9 |
-12 |
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 |
|
EOG |
07/14/06 |
-6.0% |
EOG Resources, Inc. |
Energy |
Oil & Gas Operations |
-11.1% |
-5.2% |
-94 |
-84 |
|
OXY |
03/03/06 |
8.4% |
Occidental Petroleum Corporation |
Energy |
Oil & Gas Operations |
-4.5% |
-2.2% |
-94 |
-84 |
|
UNT |
08/25/06 |
-3.5% |
Unit Corporation |
Energy |
Oil & Gas Operations |
-3.5% |
-6.9% |
-85 |
-84 |
|
NAT |
05/12/06 |
13.5% |
Nordic American Tanker Shipping Limited |
Transportation |
Water Transportation |
-12.4% |
-8.9% |
-83 |
-80 |
|
APA |
08/11/06 |
-3.9% |
Apache Corporation |
Energy |
Oil & Gas Operations |
-3.9% |
-4.0% |
-95 |
-80 |
|
ASH |
07/21/06 |
-1.8% |
ASHLAND INC NEW |
Capital Goods |
Construction Services |
-6.3% |
-5.2% |
-73 |
-74 |
|
CRDN |
08/11/06 |
0.9% |
Ceradyne, Inc. |
Capital Goods |
Aerospace and Defense |
-0.8% |
-3.9% |
-71 |
-67 |
|
THO |
07/21/06 |
-2.3% |
Thor Industries, Inc. |
Capital Goods |
Mobile Homes & RVs |
-5.4% |
-1.5% |
-55 |
-64 |
|
RS |
08/11/06 |
1.4% |
Reliance Steel & Aluminum |
Basic Materials |
Misc. Fabricated Products |
-3.6% |
-1.2% |
-65 |
-60 |
|
XOM |
08/04/06 |
-0.9% |
ExxonMobil Corporation |
Energy |
Oil & Gas - Integrated |
-3.7% |
-0.9% |
-56 |
-54 |
|
PHM |
08/04/06 |
-2.2% |
Pulte Homes, Inc. |
Capital Goods |
Construction Services |
-4.4% |
-2.2% |
-50 |
-49 |
|
PCU |
07/21/06 |
8.9% |
Southern Copper Corporation |
Basic Materials |
Metal Mining |
-4.7% |
0.4% |
-50 |
-46 |
|
STR |
05/26/06 |
20.6% |
Questar Corporation |
Energy |
Oil & Gas Operations |
-4.0% |
-3.3% |
-38 |
-45 |
|
MVK |
07/21/06 |
1.3% |
Maverick Tube Corporation |
Capital Goods |
Construction - Supplies and Fixtures |
0.0% |
0.5% |
-49 |
-44 |
|
MTH |
08/04/06 |
-2.3% |
Meritage Homes Corporation |
Capital Goods |
Construction Services |
-4.5% |
-2.3% |
-35 |
-41 |
|
SPF |
07/14/06 |
5.4% |
Standard Pacific Corp. |
Capital Goods |
Construction Services |
-3.8% |
-2.0% |
-34 |
-41 |
|
PETD |
07/07/06 |
18.8% |
Petroleum Development Corporation |
Energy |
Oil & Gas - Integrated |
-2.9% |
-0.4% |
-47 |
-39 |
|
BTI |
12/30/05 |
23.9% |
British American Tobacco (ADR) |
Consumer Non-Cyclical |
Tobacco |
-0.7% |
2.9% |
-12 |
-11 |
|
TBL |
07/07/06 |
9.4% |
The Timberland Company |
Consumer Cyclical |
Footwear |
0.0% |
8.6% |
-5 |
-6 |
|
AEOS |
03/10/06 |
36.5% |
American Eagle Outfitters |
Services |
Retail (Apparel) |
0.0% |
18.0% |
-6 |
-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 |
|
ATG |
10/21/05 |
9.3% |
AGL Resources Inc. |
Utilities |
Natural Gas Utilities |
-8.8% |
-2.6% |
-72 |
-76 |
|
WPS |
05/26/06 |
4.4% |
WPS Resources Corp |
Utilities |
Electric Utilities |
-2.8% |
-1.8% |
-57 |
-68 |
|
VVC |
03/03/06 |
6.2% |
Vectren Corporation |
Utilities |
Natural Gas Utilities |
-2.6% |
-1.1% |
-57 |
-55 |
|
UGI |
12/30/05 |
20.0% |
UGI Corporation |
Utilities |
Natural Gas Utilities |
-3.6% |
-1.3% |
-47 |
-51 |
|
ATO |
04/01/05 |
6.5% |
Atmos Energy Corporation |
Utilities |
Natural Gas Utilities |
-3.7% |
-0.6% |
-28 |
-36 |
|
OKE |
11/11/05 |
43.6% |
ONEOK, Inc. |
Utilities |
Natural Gas Utilities |
-1.4% |
2.8% |
-40 |
-25 |
|
WGL |
12/23/05 |
1.3% |
WGL Holdings, Inc. |
Utilities |
Natural Gas Utilities |
-1.8% |
4.2% |
-5 |
-15 |
|
PGN |
01/10/05 |
0.9% |
Progress Energy, Inc. |
Utilities |
Electric Utilities |
-2.8% |
1.5% |
-23 |
-14 |
|
SRE |
01/10/05 |
37.5% |
Sempra Energy |
Utilities |
Natural Gas Utilities |
0.0% |
4.8% |
0 |
-12 |
|
OTTR |
06/09/06 |
13.4% |
Otter Tail Corporation |
Utilities |
Electric Utilities |
-0.1% |
4.6% |
-9 |
-6 |
|
UU |
06/10/05 |
8.8% |
United Utilities PLC (ADR) |
Utilities |
Electric Utilities |
0.0% |
5.7% |
-3 |
-5 |
|
EON |
03/10/06 |
16.7% |
E.ON AG (ADR) |
Utilities |
Electric Utilities |
-0.3% |
3.7% |
-11 |
-4 |
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 |
|
IEX |
08/11/06 |
0.1% |
IDEX Corporation |
Capital Goods |
Misc. Capital Goods |
-4.1% |
0.4% |
-87 |
-86 |
|
USTR |
08/11/06 |
-0.3% |
United Stationers Inc. |
Consumer Non-Cyclical |
Office Supplies |
-3.9% |
-9.8% |
-85 |
-83 |
|
WSM |
09/01/06 |
0.0% |
Williams-Sonoma, Inc. |
Services |
Retail (Specialty Non-Apparel) |
0.0% |
-11.9% |
-83 |
-81 |
|
THO |
08/25/06 |
5.1% |
Thor Industries, Inc. |
Capital Goods |
Mobile Homes & RVs |
-1.9% |
-1.5% |
-55 |
-64 |
|
BBBY |
07/21/06 |
5.0% |
Bed Bath & Beyond Inc. |
Services |
Retail (Specialty Non-Apparel) |
-5.6% |
-1.6% |
-76 |
-61 |
|
WSO |
07/28/06 |
-2.7% |
Watsco, Incorporated |
Capital Goods |
Misc. Capital Goods |
-5.5% |
-4.2% |
-55 |
-61 |
|
SPLS |
05/26/06 |
-5.3% |
Staples, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-8.8% |
-1.0% |
-56 |
-53 |
|
DHI |
07/14/06 |
4.0% |
D.R. Horton Inc. |
Capital Goods |
Construction Services |
-3.2% |
-2.9% |
-54 |
-52 |
|
HAR |
08/18/06 |
-5.5% |
Harman International Industries Inc./DE/ |
Consumer Cyclical |
Audio & Video Equipment |
-5.5% |
1.8% |
-48 |
-48 |
|
RYL |
08/11/06 |
6.0% |
The Ryland Group, Inc. |
Capital Goods |
Construction Services |
-3.9% |
-2.0% |
-33 |
-41 |
|
HZO |
08/11/06 |
10.6% |
MarineMax, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-1.4% |
2.4% |
-37 |
-38 |
|
EWBC |
12/30/05 |
10.5% |
East West Bancorp, Inc. |
Financial |
Regional Banks |
-1.4% |
-0.8% |
-29 |
-36 |
|
DGX |
08/19/05 |
25.7% |
Quest Diagnostics Incorporated |
Health Care |
Healthcare Facilities |
-2.3% |
3.0% |
-7 |
-32 |
|
PETS |
07/07/06 |
20.1% |
PetMed Express, Inc. |
Services |
Retail (Drugs) |
-5.0% |
13.2% |
-24 |
-27 |
|
COH |
07/28/06 |
9.8% |
Coach, Inc. |
Consumer Cyclical |
Apparel/Accessories |
-1.7% |
3.0% |
-33 |
-19 |
|
GISX |
12/30/05 |
26.2% |
Global Imaging Systems, Inc. |
Technology |
Office Equipment |
-1.3% |
2.8% |
-13 |
-17 |
|
PNR |
07/28/06 |
4.9% |
Pentair, Inc. |
Conglomerates |
Conglomerates |
-0.6% |
1.7% |
-11 |
-15 |
|
HIBB |
07/21/06 |
21.5% |
Hibbett Sporting Goods, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-3.3% |
5.3% |
-9 |
-14 |
|
JNJ |
02/17/06 |
9.6% |
Johnson & Johnson |
Health Care |
Major Drugs |
-0.4% |
0.1% |
-13 |
-12 |
|
GBCI |
05/05/06 |
6.1% |
Glacier Bancorp, Inc. |
Financial |
Regional Banks |
0.0% |
3.5% |
-12 |
-6 |
|
HHS |
08/18/06 |
1.6% |
Harte-Hanks, Inc. |
Services |
Printing & Publishing |
-0.1% |
5.3% |
-7 |
-6 |
|
UNH |
08/25/06 |
1.8% |
UnitedHealth Group Inc. |
Financial |
Insurance (Accident & Health) |
-0.3% |
6.7% |
-2 |
-5 |
|
MIK |
12/30/05 |
22.0% |
Michaels Stores, Inc. |
Services |
Retail (Specialty Non-Apparel) |
0.0% |
1.4% |
-10 |
-4 |
|
CHD |
11/18/05 |
15.5% |
Church & Dwight Co., Inc. |
Consumer Non-Cyclical |
Personal & Household Products |
0.0% |
3.3% |
0 |
-3 |
|
ORLY |
09/01/06 |
0.0% |
O'Reilly Automotive, Inc. |
Services |
Retail (Specialty Non-Apparel) |
0.0% |
3.5% |
-12 |
-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 |
|
BSC |
06/16/06 |
-1.6% |
The Bear Stearns Companies Inc. |
Financial |
Investment Services |
-11.1% |
-11.1% |
-90 |
-96 |
|
MRO |
04/28/06 |
7.1% |
Marathon Oil Corporation |
Energy |
Oil & Gas Operations |
-7.8% |
-2.5% |
-97 |
-84 |
|
PCP |
08/11/06 |
1.6% |
Precision Castparts Corp. |
Capital Goods |
Aerospace and Defense |
-3.2% |
-4.1% |
-69 |
-76 |
|
SII |
04/28/06 |
0.9% |
Smith International, Inc. |
Energy |
Oil Well Services & Equipment |
-7.3% |
-3.8% |
-88 |
-75 |
|
WHQ |
07/14/06 |
-1.1% |
W-H Energy Services, Inc. |
Energy |
Oil Well Services & Equipment |
-8.1% |
-4.0% |
-74 |
-70 |
|
GS |
06/16/06 |
3.6% |
Goldman Sachs Group, Inc. |
Financial |
Investment Services |
-3.8% |
-2.5% |
-71 |
-69 |
|
BJS |
08/11/06 |
-4.0% |
BJ Services Company |
Energy |
Oil Well Services & Equipment |
-4.5% |
-5.0% |
-67 |
-66 |
|
MDU |
01/27/06 |
5.9% |
MDU Resources Group, Inc. |
Utilities |
Natural Gas Utilities |
-3.2% |
-2.4% |
-63 |
-62 |
|
PCAR |
07/28/06 |
3.4% |
PACCAR Inc |
Consumer Cyclical |
Auto & Truck Manufacturers |
-4.7% |
0.5% |
-56 |
-46 |
|
ERF |
05/05/06 |
7.1% |
ENERPLUS RESOURCES FUND SR G TR UNITS |
Energy |
Oil & Gas Operations |
-1.7% |
-0.1% |
-27 |
-32 |
|
ESI |
11/04/05 |
13.5% |
ITT Educational Services |
Services |
Schools |
-1.9% |
0.7% |
-51 |
-31 |
|
RL |
08/11/06 |
4.8% |
Polo Ralph Lauren Corporation |
Consumer Cyclical |
Apparel/Accessories |
-0.7% |
1.9% |
-36 |
-31 |
|
DHR |
07/21/06 |
6.3% |
Danaher Corporation |
Technology |
Scientific & Technical Instruments |
-1.0% |
1.5% |
-26 |
-21 |
|
IO |
08/25/06 |
4.2% |
Input/Output, Inc. |
Technology |
Scientific & Technical Instruments |
0.0% |
4.2% |
-18 |
-17 |
|
FSH |
05/05/06 |
6.0% |
Fisher Scientific International Inc. |
Technology |
Scientific & Technical Instruments |
-0.8% |
2.9% |
-10 |
-13 |
|
TROW |
07/28/06 |
9.8% |
T. Rowe Price Group, Inc. |
Financial |
Investment Services |
0.0% |
7.0% |
-3 |
-1 |
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 |
9/2/06 |
% Chg |
09/02/06 |
Prior Week |
||||
|
DOW |
10717.5 |
11,464.15 |
6.97% |
3.54% |
2.34% |
11642.7 |
-1.53% |
10739.3 |
6.75% |
|
NASDAQ |
2205.32 |
2,193.16 |
-0.55% |
-1.41% |
-3.95% |
2370.88 |
-7.50% |
2020.39 |
8.55% |
|
S&P500 |
1248.29 |
1,311.01 |
5.02% |
2.62% |
1.66% |
1325.76 |
-1.11% |
1234.49 |
6.20% |
|
Russell 2K |
673.22 |
721.56 |
7.18% |
0.76% |
-2.17% |
781.83 |
-7.71% |
671.94 |
7.38% |
|
NYSE |
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