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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 01/12/2009:
-----------------$INDU---------$SPX-----------$COMPQ
Monthly Momentum-Negative(OS)--Negative(OS)---Negative(OS)
Weekly Momentum--Negative------Negative-------Negative
Daily Momentum---Negative------Negative-------Negative
(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 100,000 shares.
BBH
LQD
U.S. equity markets basically reacted to negative job report data and quickly sold off. There really were only a few stocks that rallied in the midst of this. Heathcare stocks (SYK.ICLR,HWAY), drug (TEVA), consumer goods (MO) and computer related and software stocks (TYL, QSII) made that list. Though QSII was close, it did not pass the final neural net screen.
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.
Nothing today.
The major indexes could be near another tipping point lower as stocks across the board looked incredibly weak after several days of selling. The next few days may determine if the lows of the previous sell-off will be tested once again. At the same time, stocks like QSII and SYK need to be placed on watch list as healthcare related entities are showing signs of strong earnings improvement. That is in total opposition to the general conditions of the U.S. equity markets.
Take care,
DBB
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I believe you are probably the best out of the literal hundreds of traders that I have witnessed.
