2 Attachment(s)
176 Names in +511 Club & 28 Names Are RS +80
Hi-
Tough day at the office.
Here are the results:
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Shawn
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FWIW - I am expecting choppy unconfirmed conditions for the next several days.. then, either: 1) confirmed down move , or 2) re-assertion of uptrend w/ a rotation to industrials, e.g PSX or XLI.
If am correct, the stocks you have owned for that last few weeks will probably not continue to go higher.
On Japan, most of the world's hedge funds (and me) are waiting to buy TM, DXJ, etc. on a pull-back. Note the recent several days of gap-higher and then move-higher price moves. Then, today DXJ puts in a shooting star doji - really, its gotta have a more ominous, dreadful candlestick name, but I do not think there is an official westernized name for a shooting start that is also an outside reversal candle on higher volume, but you get my point.. let's be patient on Japan for now.
PSS: Anyone notice that TBT has been on the +511 Club list for several days??? Its low RS, but nice bullish engulfing candle for those who believe interest rates go higher from here (that group of people would include me and anyone else who remembers when a 7% 30-year fixed mortgage was a good deal). Probably shorting the long term debt market, i.e. long TBT, is a reasonable use of our time for the foreseeable future.
2 Attachment(s)
171 Names in +511 Club & 40 Names are +80 RS
Hi-
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Take care,
Shawn
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2 Attachment(s)
191 names in +511 Club & 44 +80 RS
Hi-
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ok, the gap down was bought.
Shawn
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3 Attachment(s)
LEV Leader Index - Weekly Report (May 17 to May 24)
Hi-
The LEV Leader Index is comprised of the previous weeks RS +90 names that were in the +511 Club in the previous 5d's. So, this week's results are for the names that were LEV Leaders from May 13-17, and their performance is tracked over the next week, May 17 to May 24 close.
This last week the LEV Leaders showed significant avg losses of -2.11% and the win rate was only 24% with 14 winners against 45 losers. I take this to mean that the leading stocks have issued a warning.
[ATTACH=CONFIG]18572[/ATTACH]
Take care,
Shawn
PS: these 2 .xls files are the for this last week and for the coming week, if you would like to track this index on your own.
[ATTACH]18573[/ATTACH][ATTACH]18574[/ATTACH]
2 Attachment(s)
163 Names in +511 Club & +40 Names +80 RS
Hi-
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Shawn
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2 Attachment(s)
125 Names in +511 Club & 34 Names are +80 RS
Hi-
Continued weakness in the leaders.
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Shawn
[ATTACH]18601[/ATTACH]
2 Attachment(s)
163 Names in +511 Club & +52 Names +80 RS
Hi-
Pretty good results from the LEV Leaders today:
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Thanks,
Shawn
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2 Attachment(s)
LEV Leader Index - Weekly Report (May 24 to May 31)
Hi-
Here are the weekly results:
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Take care,
Shawn
Here are the LEV Leaders for May 31 - Jun 7
[ATTACH]18646[/ATTACH]
2 Attachment(s)
107 Names in the +511 Club & 34 Names are +80 RS
Hi-
Here are the results from Fri, May 31, 2013:
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Take care,
Shawn
[ATTACH]18648[/ATTACH]
2 Attachment(s)
134 Names in +511 Club & 35 Names are +80 RS
Hi-
Interesting day with many high RS, momentum names taking heavy losses, especially early, e.g. TSLA
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Take care,
Shawn
[ATTACH]18655[/ATTACH]