Swing
Plays - WTS ROG ASPV CLZR
Dec 22, 2006
- Right now, volume
is light, and there really isn’t a lot to be excited about...
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 12/22/2006
$INDU
$SPX
$COMPQ
Monthly Momentum Positive (OB)
Positive (OB) Positive
Weekly Momentum Positive
Negative Negative
Daily Momentum Neutral
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.
The Philly Fed cast a pall on the U.S. equity markets on Thursday
apparently as their data indicated signs of an economic slowdown. Traders
slowed down also, preferring to trade at the retail (store) counters, and
stocks basically pulled back in lackluster trading volume.
Patterns were not easily found either. Healthcare products (CLZR,
ANGN), financials (ECPG, ADVNB) and building products (BDK, WTS) seemed to lead
the way in bullish reversals. One semiconductor manufacturer (TSM) and one auto
OEM (NAV) also hit the list. HUBG screened as the lone transportation stock,
and WPZ screened as the lone integrated petroleum producing stock. The rest
were drugs (ASPV), business schools (STRA), consumer products (ULBI), retail
sporting goods (DKS), and REITs (HPT).
Here is what the nets saw today:
Value/Price estimate 7 day ATR %( 7 day ATR)/Close
WTS 3.84/1
76.3%
1.54
0.75
1.86
ROG
1.89/1
50.0%
1.76
1.81
2.99
ASPV
1.71/1
58.3%
2.29
0.59
3.08
On the bare fringes of acceptability:
CLZR 1.52/1
56.1%
1.74
0.50
3.94
That’s it for now. Perhaps we will gain a little perspective in
sector activity after Christmas and New Year’s Day have passed. Right now,
volume is light, and there really isn’t a lot to be excited about (as not much
will be moving between now and the end of the holidays). For that reason,
one must take advantage of this situation and enjoy the holidays to come. Merry
Christmas, Happy Hanukah, and go have a good time. You have our permission
(like you really needed it).
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