Comments about the financial markets, politics and other random thoughts of interest.

Saturday, January 31, 2009

Weekend Update (not as funny as SNL)

Sector Potential Breakouts Based On Relative Strength to S&P 500 and Moving Ave Cross

BFG Comments Things Look Ugly. Most ETFs are below 0. To be out of the woods, scores need to be above 0. Not a surprise as this was the worst January for stock returns on record.

Potential Buys Nada

Potential Sells Food & Staples Retailing Retail Trade Capital Goods Media
Recently Confirmed Sells Insurance Diversified Financials Materials Consumer

S&P 500 vs. Russell

S&P 500 remains in control. Can you say low beta.

Macro

Love It

Like It CFT HYG UUP IGE

Mixed S&P 500 EFA EEM IGE CFT HYG
Hate It TLT

Trying to Gain Favor TLT

Stock Specific

Dow Jones Stocks

+ IBM MRK BA
- Everything else


Transports

+ LSTR CHRW
- Everything else

Stocks Getting Ready to Move

+ INTC MDT BA TXN CAH AZO LH CSC GWW HRL XRAY
- TCO BMS PPS JAKK

MACD Special

+ SNDA TFSL
- PG DIS KR AMAT GOS SII IP GRMN SEE SSO (double SPY ETF long)

200 Day Upside

+ HNP NEOG

200 Day Downside

- SGP DV GVA CBST

50 Day Upside

+ BVSN

50 Day Downside

- For the second update in a row, “Where do I start?” The list is too huge. Suspects include HPQ APC HAL YUM KYO PCU among others.

Moving Average Crosses Of Note

+ JPM HON GD FCX MFE NU JAVA PRGO ENDP
- IBM GSK RIO TGT DUK ITW SU MS BHI ZMH

ETD Changes - Pullbacks and Downtrends crushing Rally and Uptrendx

+ BEC GNTX SYNA FAST
- MON PPL ECL SHLD VAL PKI STU BKS

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