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Swing Plays - Retail sellers of all stripes, from food to computers made the top of the list, and one computer systems maker also hit the list.

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 05/09/2007:

                                       $INDU             $SPX                 $COMPQ
Monthly Momentum    Positive        Positive          Positive
Weekly Momentum     Positive (OB)   Positive (OB)     Positive (OB)
Daily Momentum      Negative        Negative          Negative

Note: (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.

Stocks fought off early selling and attempted a late day rally in the U.S. equity markets yesterday, but did not quite make it back to breakeven on the day. Patterns were once again quite scarce.

Retail sellers of all stripes, from food to computers (WFMI, DKS, SHRP, and SCSC) made the top of the list, and one computer systems maker (DBD) also hit the list. Homebuilders continue this complicated bottoming process (HOV). Healthcare REITs (HCP) also made the list. Oil ETFs (USO), internet business (TSCM), insurers (FNF), drug makers (NOVN), and business services (FCN, MCO) also hit the screens. The lone food related stock was JSDA, which reversed to the upside after several days of selling pressure.

In the end, only one stock made the list, and though the statistics are not the highest, the pattern does look good, and the fundamentals are in good shape.

Here is what the nets saw today:

                Value/Price est.   7 day ATR   %( 7 day ATR)/Close

DBD 1.59/1 44.7%       1.33    0.69          1.43

I sense that we might see some profit taking shortly (given the fact that the daily momentum models seem ready to roll over). Only time will tell however. There should be some new swing opportunities shortly, if there is a correction looming over the horizon. 

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