These articles describe the statistical probabilities of long positions on these equities, based on neural net projections, for the next 5-15 trading days. These are not holy grail methodologies, the road to easy street, or anything else. These projections are the result of screening for technically significant retracement and momentum patterns that have been further screened for value and bullish sector performance. In other words, the projections are for long positions.
For 12/18/2008:
-------------------$INDU---------$SPX----------$COMPQ
Monthly Momentum--Negative(OS)--Negative(OS)--Negative(OS)
Weekly Momentum---Positive------Positive------Positive
Daily Momentum----Positive------Positive------Positive
(OS) means oversold and (OB) means overbought. The value to price estimate (it is not a guarantee, only a cash flow based estimate) can be defined loosely as a multiplier of price. A number higher than one means the stock is undervalued using this model and a number less than one means the stock is overvalued.
Index and ETF I-shares Bullish Reversals (Note: to look up quotes for the Dow Indexes (starting with DJ or DW, add a dollar sign. No dollar sign is required for the ETFs beginning with other letters.) Today’s list includes only those ETFs with a 50-day moving average of daily volume greater than 1,000,000 shares.
EWD
FXI
IEO
ITB
KOL
PGF
PRFE
TFI
VDE
XLE
XOP
U.S. equity markets simply fell back as news of Fed easing rolled off the backs of traders on Wednesday. The sectors that did rally were clothing retailers (AOE, URBN, JCG, and MW) and healthcare (CRL, CVD, HWAY, ICLR). The lone candidate that survived the net analysis was URBN, and it appears capable of filling the gap.
Value/Price est. 7 day ATR %( 7 day ATR)/Close
Note (O): optionable
*Beta greater than 1.5, Volume greater than 1 million shares on a 50-day simple moving average volume basis.
(O) URBN 2.66/1 78.4% 1.99 1.60 9.81
This is an aggressive C buy. The same can be said for many of the healthcare names that screened. Lets again be patient as these price resistance levels are tested. As certain price corrections kick in, there will be some ultimate D buy patterns emerging. There may be some light at the end of the tunnel soon (and it might not be the oncoming train).
Take care,
DBB
|
Products
I believe you are probably the best out of the literal hundreds of traders that I have witnessed.
