Wiser Trader Stocks and Options Newsletter
______________________________________________________________________________
Issue No. 93 September 11, 2006 Prescott, Arizona Systems@WiserTrader.com
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1.0 Trading
Low volume and low volatility mark the past week.
1.1 Uncertainty
This week, the major averages gave back half of last week’s gains. Volume remains low. The S&P 500 in Figure 1A slipped back below 1,300. There is a growing concern that the drop in new and existing home sales points to a substantial slowing of consumer spending and of the economy as a whole. However, a Fed chairperson recently commented that inflation is a greater risk than a slowing economy. Consumer discretionary was the only major sector that gained this week.
FIGURE 1A
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The NASDAQ in Figure 1B bounced off resistance at its 200 day SMA.
FIGURE 1B
The market now awaits further evidence of inflation and economic growth with an employment report on 9/14 and the CPI report on 9/15. The FOMC meets 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 |
2.7% |
-0.6% |
1.6% |
-0.9% |
2.6% |
|
NASDAQ Composite Index |
5.3% |
-1.2% |
2.5% |
-1.1% |
5.2% |
|
S & P 500 Index |
2.5% |
-0.9% |
1.2% |
-0.6% |
2.8% |
|
NYSE Composite Index |
1.6% |
-1.7% |
1.4% |
-0.7% |
2.7% |
|
Russell 2000 Index |
4.3% |
-1.8% |
3.2% |
-1.7% |
4.8% |
|
HGX, Phil. Housing Index |
3.5% |
-2.8% |
2.7% |
-1.8% |
5.7% |
|
IYR, Real Estate |
5.5% |
0.7% |
1.5% |
0.7% |
2.5% |
|
GLD, GOLD |
-3.3% |
-2.4% |
0.6% |
1.2% |
-2.7% |
|
RKH, Banking |
0.9% |
-0.1% |
-0.2% |
-0.8% |
2.0% |
|
IYT, Transportation |
1.5% |
-2.6% |
2.0% |
-3.5% |
5.9% |
|
SMH, Semiconductors |
8.7% |
-1.6% |
3.3% |
-1.1% |
8.2% |
|
BBH, Biotechnology |
2.9% |
-0.7% |
2.0% |
-1.1% |
2.8% |
|
OIH, Oil Infrastructure |
-4.5% |
-4.9% |
-1.2% |
0.5% |
1.1% |
|
XLE, Energy |
-7.2% |
-4.5% |
-3.0% |
1.3% |
-1.2% |
|
XLU, Utilities |
1.4% |
-1.3% |
1.4% |
-0.1% |
1.4% |
|
XLB, Materials |
3.2% |
-1.4% |
2.0% |
-0.3% |
3.0% |
|
XLI, Industrial |
3.1% |
-0.9% |
1.7% |
-1.8% |
4.2% |
|
XLK, Technology |
7.0% |
-0.9% |
2.6% |
-0.4% |
5.7% |
|
XLV, Healthcare |
3.7% |
-0.8% |
1.4% |
0.6% |
2.4% |
|
XLF, Financials |
2.6% |
-0.2% |
0.9% |
-0.9% |
2.9% |
|
XLP, Consumer Staples |
2.8% |
-0.5% |
1.7% |
0.2% |
1.4% |
|
XLY, Consumer Discretionary |
3.9% |
0.3% |
2.9% |
-2.6% |
3.3% |
The VIX and VXN volatility indexes are listed in Table 2B.
Table 2B
Volatility
|
Indicator |
Current |
Last Week |
2 Weeks Ago |
Complacent |
Cautious |
|
VIX ** |
13.2 |
12.0 |
12.3 |
< 20 |
> 50 |
|
VXN *** |
19.8 |
16.8 |
17.0 |
< 30 |
> 70 |
|
** Above 20 day SMA = Short-term sell signal. *** Above 20 day SMA = Short-term sell 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 Dow Jones Classification System
Major Indices For the Past Week: Dow Jones -0.6% NASDAQ -1.2% S&P500 Index -0.9% Russell 2000 -1.8% NYSE -1.7% 30 Year Bond 4.916% 10 Year Note 4.771% Leading Industries For the Past Week: Tires Automobiles Aerospace & Defense Broadline Retailers Hotels Drug Retailers Forestry Toys Automobiles & Parts Clothing & Accessories Lagging Industries For the Past Week: Coal Mining Exploration & Production Platinum & Precious Metals Gold Mining Consumer Electronics Oil Equipment & Services Oil Equipment, Services & Dis Marine Transportation Business Training & Employment |
Leading Industries For the Past Month: Tires Recreational Services Forestry Food Retailers & Wholesalers Automobiles Computer Hardware Full Line Insurance Hotels Restaurants & Bars Toys Lagging Industries For the Past Month: Coal Platinum & Precious Metals Exploration & Production Mining Gold Mining Oil & Gas Producers Oil & Gas Oil Equipment & Services Integrated Oil & Gas Oil Equipment, Services & Dis. Crude Oil $66.18 Gold for the past 30 days: USD -6.29% CAD -6.22% CHF -4.50% GBP -4.18% EUR -4.73% JPY -4.85% |
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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 |
5.2% |
-1.0% |
5.5% |
-3.6% |
4.4% |
3.0% |
1.7% |
|
Cash Rich Companies |
7.1% |
0.7% |
11.7% |
0.5% |
5.8% |
0.9% |
3.6% |
|
Price to Free Cash Flow |
6.8% |
1.0% |
6.6% |
2.5% |
1.5% |
-1.7% |
4.4% |
|
Growth Momentum |
-0.7% |
0.0% |
-0.6% |
-2.8% |
1.3% |
-2.0% |
2.9% |
|
Lynch |
15.6% |
-0.2% |
5.1% |
-1.3% |
4.4% |
-0.1% |
2.2% |
|
Buffett |
3.5% |
-0.2% |
0.3% |
-2.7% |
2.7% |
-2.5% |
3.0% |
|
Graham |
12.2% |
0.5% |
0.8% |
-1.7% |
2.1% |
-1.1% |
1.6% |
|
Templeton |
6.2% |
0.4% |
2.4% |
-0.7% |
2.3% |
-3.4% |
4.4% |
|
Zweig |
2.5% |
-0.1% |
-1.2% |
-2.0% |
0.5% |
-1.7% |
2.1% |
|
Average |
6.5% |
0.1% |
3.4% |
-1.3% |
2.8% |
-1.0% |
2.9% |
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 |
-4.8% |
Emerson Radio Corp. |
Consumer Cyclical |
Audio & Video Equipment |
-6.0% |
-5.7% |
-93 |
-97 |
|
CYTX |
09/08/06 |
0.0% |
Cytori Therapeutics Inc. |
Health Care |
Biotechnology & Drugs |
0.0% |
-16.9% |
-83 |
-85 |
|
ULBI |
08/18/06 |
2.1% |
Ultralife Batteries, Inc. |
Technology |
Electronic Instruments & Controls |
-3.2% |
-1.0% |
-76 |
-68 |
|
TWI |
06/16/06 |
-2.1% |
Titan International, Inc. |
Consumer Cyclical |
Auto & Truck Parts |
-7.4% |
2.0% |
-39 |
-51 |
|
TELK |
08/04/06 |
4.2% |
Telik, Inc. |
Health Care |
Biotechnology & Drugs |
-4.8% |
8.7% |
-25 |
-37 |
|
PHRM |
07/07/06 |
7.5% |
Pharmion Corporation |
Health Care |
Biotechnology & Drugs |
-4.9% |
11.3% |
-41 |
-34 |
|
VLNC |
08/04/06 |
21.6% |
Valence Technology, Inc. |
Technology |
Electronic Instruments & Controls |
-9.2% |
18.0% |
-20 |
-33 |
|
APN |
09/08/06 |
0.0% |
Applica Incorporated |
Consumer Cyclical |
Appliances & Tools |
0.0% |
-6.6% |
-20 |
-29 |
|
SGEN |
09/08/06 |
0.0% |
Seattle Genetics, Inc. |
Health Care |
Biotechnology & Drugs |
0.0% |
10.7% |
-31 |
-29 |
|
ACME |
09/08/06 |
0.0% |
ACME Communications, Inc. |
Services |
Broadcasting & Cable TV |
0.0% |
0.2% |
-27 |
-22 |
|
PLB |
07/21/06 |
-2.0% |
American Italian Pasta Company |
Consumer Non-Cyclical |
Food Processing |
-3.9% |
1.8% |
-19 |
-21 |
|
MOBE |
08/11/06 |
35.7% |
Mobility Electronics, Inc. |
Technology |
Computer Peripherals |
-6.1% |
-1.1% |
-15 |
-20 |
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 |
|
SCIX |
04/07/06 |
17.8% |
Scailex Corp., Ltd. |
Technology |
Computer Networks |
-2.8% |
-0.6% |
-63 |
-52 |
|
WSC |
03/11/06 |
4.4% |
Wesco Financial Corporation |
Conglomerates |
Conglomerates |
-2.1% |
3.0% |
-32 |
-43 |
|
EXAR |
07/28/06 |
6.3% |
Exar Corporation |
Technology |
Semiconductors |
-2.0% |
5.9% |
-38 |
-27 |
|
LTON |
09/08/06 |
0.0% |
Linktone Ltd. (ADR) |
Technology |
Computer Services |
0.0% |
38.5% |
-24 |
-19 |
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 |
-4.6% |
M & F Worldwide Corp. |
Consumer Non-Cyclical |
Beverages (Non-Alcoholic) |
-4.6% |
-0.8% |
-86 |
-89 |
|
FNLY |
09/08/06 |
0.0% |
Finlay Enterprises, Inc. |
Consumer Cyclical |
Jewelry & Silverware |
0.0% |
12.0% |
-63 |
-51 |
|
TGS |
08/11/06 |
2.0% |
Transportadora de Gas del Sur S.A (ADR) |
Energy |
Oil & Gas Operations |
-1.2% |
2.0% |
-50 |
-48 |
|
MNT |
08/11/06 |
7.1% |
Mentor Corporation |
Health Care |
Medical Equipment & Supplies |
-0.5% |
-0.5% |
-20 |
-11 |
|
Y |
08/11/06 |
2.6% |
Alleghany Corporation |
Conglomerates |
Conglomerates |
0.0% |
0.1% |
-12 |
-8 |
|
RHD |
07/14/06 |
2.4% |
R.H. Donnelley Corp. |
Services |
Advertising |
0.0% |
0.5% |
-3 |
-6 |
|
FIS |
08/18/06 |
2.1% |
Fidelity National Information Services |
Services |
Business Services |
0.0% |
1.0% |
-22 |
-5 |
|
FD |
08/11/06 |
10.1% |
Federated Department Str. |
Services |
Retail (Department & Discount) |
0.0% |
2.0% |
-8 |
-3 |
|
F |
07/21/06 |
39.6% |
FORD MOTOR |
Consumer Cyclical |
Auto & Truck Manufacturers |
0.0% |
6.0% |
-4 |
-2 |
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 |
-6.7% |
Rio Tinto plc (ADR) |
Basic Materials |
Metal Mining |
-7.3% |
-2.7% |
-73 |
-97 |
|
AZN |
02/03/06 |
30.9% |
AstraZeneca PLC (ADR) |
Health Care |
Major Drugs |
-6.2% |
1.8% |
-59 |
-73 |
|
PKX |
08/11/06 |
4.3% |
POSCO (ADR) |
Basic Materials |
Iron & Steel |
-2.7% |
4.3% |
-32 |
-40 |
|
BTI |
08/12/05 |
36.8% |
British American Tobacco (ADR) |
Consumer Non-Cyclical |
Tobacco |
-1.9% |
2.3% |
-49 |
-40 |
|
VIP |
08/18/06 |
23.8% |
Vimpel-Communications (ADR) |
Services |
Communications Services |
-0.2% |
17.8% |
-14 |
-6 |
|
SKM |
08/25/06 |
4.7% |
SK Telecom Co., Ltd. (ADR) |
Services |
Communications Services |
0.0% |
7.4% |
-40 |
-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 |
|
PPDI |
08/04/06 |
-4.2% |
Pharmaceutical Product Development, Inc. |
Health Care |
Biotechnology & Drugs |
-7.4% |
-7.0% |
-96 |
-90 |
|
ENDP |
02/17/06 |
4.8% |
Endo Pharmaceuticals |
Health Care |
Biotechnology & Drugs |
-9.0% |
-4.7% |
-73 |
-74 |
|
GS |
08/18/06 |
-3.2% |
Goldman Sachs Group, Inc. |
Financial |
Investment Services |
-3.2% |
0.4% |
-74 |
-63 |
|
CSE |
08/04/06 |
-0.4% |
CapitalSource, Inc. |
Financial |
Misc. Financial Services |
-0.5% |
0.2% |
-22 |
-10 |
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 |
|
XOM |
08/04/06 |
-2.7% |
ExxonMobil Corporation |
Energy |
Oil & Gas - Integrated |
-5.5% |
-4.2% |
-79 |
-99 |
|
UNT |
08/25/06 |
-9.5% |
Unit Corporation |
Energy |
Oil & Gas Operations |
-9.5% |
-12.1% |
-90 |
-99 |
|
OXY |
03/03/06 |
-1.5% |
Occidental Petroleum Corporation |
Energy |
Oil & Gas Operations |
-13.2% |
-11.0% |
-88 |
-99 |
|
STR |
05/26/06 |
16.3% |
Questar Corporation |
Energy |
Oil & Gas Operations |
-7.5% |
-7.0% |
-94 |
-98 |
|
APA |
08/11/06 |
-6.3% |
Apache Corporation |
Energy |
Oil & Gas Operations |
-6.3% |
-6.3% |
-92 |
-92 |
|
ASH |
07/21/06 |
-3.7% |
ASHLAND INC NEW |
Capital Goods |
Construction Services |
-8.1% |
-3.5% |
-98 |
-86 |
|
CRDN |
08/11/06 |
-2.5% |
Ceradyne, Inc. |
Capital Goods |
Aerospace and Defense |
-4.2% |
-2.5% |
-83 |
-84 |
|
PETD |
07/07/06 |
13.6% |
Petroleum Development Corporation |
Energy |
Oil & Gas - Integrated |
-7.2% |
-1.2% |
-87 |
-81 |
|
RS |
08/11/06 |
-3.3% |
Reliance Steel & Aluminum |
Basic Materials |
Misc. Fabricated Products |
-8.0% |
-3.3% |
-68 |
-71 |
|
MTH |
08/04/06 |
-6.0% |
Meritage Homes Corporation |
Capital Goods |
Construction Services |
-8.1% |
0.4% |
-67 |
-68 |
|
CCRT |
09/08/06 |
0.0% |
CompuCredit Corporation |
Financial |
Consumer Financial Services |
0.0% |
-0.5% |
-67 |
-65 |
|
THO |
07/21/06 |
-2.6% |
Thor Industries, Inc. |
Capital Goods |
Mobile Homes & RVs |
-5.7% |
1.0% |
-75 |
-65 |
|
SPF |
07/14/06 |
1.6% |
Standard Pacific Corp. |
Capital Goods |
Construction Services |
-7.3% |
0.8% |
-61 |
-64 |
|
MVK |
07/21/06 |
1.2% |
Maverick Tube Corporation |
Capital Goods |
Construction - Supplies and Fixtures |
-0.2% |
0.4% |
-45 |
-62 |
|
PHM |
08/04/06 |
-4.3% |
Pulte Homes, Inc. |
Capital Goods |
Construction Services |
-6.5% |
4.0% |
-66 |
-60 |
|
PCU |
07/21/06 |
10.1% |
Southern Copper Corporation |
Basic Materials |
Metal Mining |
-3.6% |
6.5% |
-20 |
-42 |
|
BTI |
12/30/05 |
22.4% |
British American Tobacco (ADR) |
Consumer Non-Cyclical |
Tobacco |
-1.9% |
2.3% |
-49 |
-40 |
|
TBL |
07/07/06 |
9.0% |
The Timberland Company |
Consumer Cyclical |
Footwear |
-0.6% |
7.7% |
-21 |
-15 |
|
ANF |
09/08/06 |
0.0% |
Abercrombie & Fitch Co. |
Services |
Retail (Apparel) |
0.0% |
17.2% |
-12 |
-5 |
|
AEOS |
03/10/06 |
38.6% |
American Eagle Outfitters |
Services |
Retail (Apparel) |
0.0% |
17.2% |
-5 |
-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 |
|
VVC |
03/03/06 |
2.3% |
Vectren Corporation |
Utilities |
Natural Gas Utilities |
-6.2% |
-2.0% |
-99 |
-92 |
|
WPS |
05/26/06 |
1.8% |
WPS Resources Corp |
Utilities |
Electric Utilities |
-5.3% |
-2.5% |
-99 |
-89 |
|
ATG |
10/21/05 |
7.5% |
AGL Resources Inc. |
Utilities |
Natural Gas Utilities |
-10.4% |
-1.6% |
-88 |
-88 |
|
PGN |
01/10/05 |
-1.1% |
Progress Energy, Inc. |
Utilities |
Electric Utilities |
-4.7% |
0.8% |
-69 |
-72 |
|
ATO |
04/01/05 |
4.3% |
Atmos Energy Corporation |
Utilities |
Natural Gas Utilities |
-5.6% |
-1.6% |
-76 |
-69 |
|
UU |
06/10/05 |
4.7% |
United Utilities PLC (ADR) |
Utilities |
Electric Utilities |
-3.8% |
-0.6% |
-59 |
-57 |
|
UGI |
12/30/05 |
18.9% |
UGI Corporation |
Utilities |
Natural Gas Utilities |
-4.5% |
-0.2% |
-62 |
-47 |
|
WGL |
12/23/05 |
-0.7% |
WGL Holdings, Inc. |
Utilities |
Natural Gas Utilities |
-3.7% |
2.0% |
-35 |
-42 |
|
OKE |
11/11/05 |
43.5% |
ONEOK, Inc. |
Utilities |
Natural Gas Utilities |
-1.4% |
-0.6% |
-36 |
-33 |
|
EON |
03/10/06 |
14.5% |
E.ON AG (ADR) |
Utilities |
Electric Utilities |
-2.2% |
2.4% |
-36 |
-27 |
|
OTTR |
06/09/06 |
12.7% |
Otter Tail Corporation |
Utilities |
Electric Utilities |
-0.7% |
7.6% |
-40 |
-14 |
|
SRE |
01/10/05 |
37.9% |
Sempra Energy |
Utilities |
Natural Gas Utilities |
0.0% |
6.0% |
-22 |
-8 |
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 |
-1.9% |
IDEX Corporation |
Capital Goods |
Misc. Capital Goods |
-6.0% |
-2.1% |
-95 |
-96 |
|
USTR |
08/11/06 |
-2.1% |
United Stationers Inc. |
Consumer Non-Cyclical |
Office Supplies |
-5.7% |
-2.1% |
-91 |
-93 |
|
WSM |
09/01/06 |
-0.8% |
Williams-Sonoma, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-0.8% |
-10.7% |
-82 |
-84 |
|
LOW |
09/08/06 |
0.0% |
Lowe's Companies, Inc. |
Services |
Retail (Home Improvement) |
0.0% |
-0.3% |
-75 |
-71 |
|
PNR |
07/28/06 |
1.8% |
Pentair, Inc. |
Conglomerates |
Conglomerates |
-3.6% |
1.2% |
-66 |
-67 |
|
WSO |
07/28/06 |
-3.4% |
Watsco, Incorporated |
Capital Goods |
Misc. Capital Goods |
-6.1% |
2.1% |
-75 |
-67 |
|
THO |
08/25/06 |
4.8% |
Thor Industries, Inc. |
Capital Goods |
Mobile Homes & RVs |
-2.1% |
1.0% |
-75 |
-65 |
|
BBBY |
07/21/06 |
4.6% |
Bed Bath & Beyond Inc. |
Services |
Retail (Specialty Non-Apparel) |
-6.0% |
-1.8% |
-74 |
-65 |
|
HAR |
08/18/06 |
-7.0% |
Harman International Industries Inc./DE/ |
Consumer Cyclical |
Audio & Video Equipment |
-7.0% |
2.5% |
-59 |
-65 |
|
GBCI |
05/05/06 |
1.0% |
Glacier Bancorp, Inc. |
Financial |
Regional Banks |
-4.8% |
0.7% |
-60 |
-65 |
|
RYL |
08/11/06 |
2.3% |
The Ryland Group, Inc. |
Capital Goods |
Construction Services |
-7.3% |
2.3% |
-65 |
-63 |
|
JNJ |
02/17/06 |
7.7% |
Johnson & Johnson |
Health Care |
Major Drugs |
-2.2% |
-1.7% |
-59 |
-54 |
|
DHI |
07/14/06 |
3.8% |
D.R. Horton Inc. |
Capital Goods |
Construction Services |
-3.3% |
8.2% |
-71 |
-53 |
|
EWBC |
12/30/05 |
9.6% |
East West Bancorp, Inc. |
Financial |
Regional Banks |
-2.2% |
1.4% |
-57 |
-51 |
|
GISX |
12/30/05 |
23.7% |
Global Imaging Systems, Inc. |
Technology |
Office Equipment |
-3.3% |
1.2% |
-40 |
-38 |
|
SPLS |
05/26/06 |
-2.3% |
Staples, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-6.0% |
-0.6% |
-36 |
-32 |
|
DGX |
08/19/05 |
26.3% |
Quest Diagnostics Incorporated |
Health Care |
Healthcare Facilities |
-1.8% |
2.5% |
-39 |
-31 |
|
MIK |
12/30/05 |
22.0% |
Michaels Stores, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-0.4% |
1.7% |
-6 |
-23 |
|
UNH |
08/25/06 |
0.0% |
UnitedHealth Group Inc. |
Financial |
Insurance (Accident & Health) |
-2.0% |
7.0% |
-34 |
-21 |
|
HZO |
08/11/06 |
10.0% |
MarineMax, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-2.0% |
-0.5% |
-11 |
-21 |
|
HHS |
08/18/06 |
1.0% |
Harte-Hanks, Inc. |
Services |
Printing & Publishing |
-0.8% |
3.9% |
-17 |
-16 |
|
ORLY |
09/01/06 |
-0.5% |
O'Reilly Automotive, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-0.6% |
5.4% |
-25 |
-11 |
|
HIBB |
07/21/06 |
24.4% |
Hibbett Sporting Goods, Inc. |
Services |
Retail (Specialty Non-Apparel) |
-1.3% |
2.4% |
-5 |
-9 |
|
CHD |
11/18/05 |
16.2% |
Church & Dwight Co., Inc. |
Consumer Non-Cyclical |
Personal & Household Products |
-0.3% |
3.8% |
-3 |
-7 |
|
COH |
07/28/06 |
13.3% |
Coach, Inc. |
Consumer Cyclical |
Apparel/Accessories |
0.0% |
6.3% |
-23 |
-2 |
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 |
|
SII |
04/28/06 |
-2.9% |
Smith International, Inc. |
Energy |
Oil Well Services & Equipment |
-10.8% |
-5.3% |
-73 |
-100 |
|
WHQ |
07/14/06 |
-7.6% |
W-H Energy Services, Inc. |
Energy |
Oil Well Services & Equipment |
-14.2% |
-11.5% |
-91 |
-98 |
|
ERF |
05/05/06 |
-1.7% |
ENERPLUS RESOURCES FUND SR G TR UNITS |
Energy |
Oil & Gas Operations |
-9.8% |
-7.9% |
-85 |
-97 |
|
MDU |
01/27/06 |
1.5% |
MDU Resources Group, Inc. |
Utilities |
Natural Gas Utilities |
-7.3% |
-4.6% |
-98 |
-94 |
|
BSC |
06/16/06 |
-1.9% |
The Bear Stearns Companies Inc. |
Financial |
Investment Services |
-11.3% |
-5.9% |
-96 |
-91 |
|
PCP |
08/11/06 |
-1.5% |
Precision Castparts Corp. |
Capital Goods |
Aerospace and Defense |
-6.2% |
-1.5% |
-93 |
-87 |
|
PCAR |
07/28/06 |
1.3% |
PACCAR Inc |
Consumer Cyclical |
Auto & Truck Manufacturers |
-6.7% |
-0.3% |
-86 |
-76 |
|
GS |
06/16/06 |
4.0% |
Goldman Sachs Group, Inc. |
Financial |
Investment Services |
-3.3% |
-0.9% |
-74 |
-63 |
|
DHR |
07/21/06 |
3.8% |
Danaher Corporation |
Technology |
Scientific & Technical Instruments |
-3.3% |
2.6% |
-54 |
-49 |
|
ESI |
11/04/05 |
12.8% |
ITT Educational Services |
Services |
Schools |
-2.6% |
1.2% |
-52 |
-40 |
|
IO |
08/25/06 |
4.3% |
Input/Output, Inc. |
Technology |
Scientific & Technical Instruments |
-0.1% |
2.6% |
-16 |
-17 |
|
FSH |
05/05/06 |
5.9% |
Fisher Scientific International Inc. |
Technology |
Scientific & Technical Instruments |
-1.0% |
2.5% |
-17 |
-16 |
|
TROW |
07/28/06 |
9.2% |
T. Rowe Price Group, Inc. |
Financial |
Investment Services |
-0.6% |
4.3% |
-17 |
-10 |
|
RL |
08/11/06 |
8.5% |
Polo Ralph Lauren Corporation |
Consumer Cyclical |
Apparel/Accessories |
0.0% |
8.5% |
-7 |
-3 |
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 |
9/9/06 |
% Chg |
09/09/06 |
Prior Week |
||||
|
DOW |
10717.5 |
11,392.11 |
6.29% |
2.78% |
2.91% |
11642.7 |
-2.15% |
10739.3 |
6.08% |
|
NASDAQ |
2205.32 |
2,165.79 |
-1.79% |
-2.58% |
-1.75% |
2370.88 |
-8.65% |
2020.39 |
7.20% |
|
S&P500 |
1248.29 |
1,298.92 |
4.06% |
1.60% |
2.27% |
1325.76 |
-2.02% |
1234.49 |
5.22% |
|
Russell 2K |
673.22 |
708.54 |
5.25% |
-1.16% |
0.75% |
781.83 |
-9.37% |
671.94 |
5.45% |
|
NYSE |
7753.95 |
8294.64 |
6.97% |
2.14% |
3.63% |
8646.96 |
-4.07% |
7892.87 |
5.09% |
|
Average |
|
|
4.16% |
0.55% |
1.56% |
|
-5.26% |
|
5.81% |
4.1 Options Trading
Average Profit per Trade -0.4%
Average Hold Time 4.7 days
4.2 Stock Trading
|
Stock Trading for 2006 ($10.5K Initial Capital) |
||