Stock
Positions We Are Monitoring. Tiger Software: 4/10/2008 (C) 2008 William Schmidt, Ph.D. william_schmidt@hotmail.com Editor's Note: I added the commodities, currencies and metals picks based on recent bulges of Accumulation and will use the 50-day ma for sell Stops. See http://www.tigersoft.com/Tiger-Blogs/10-7-2007/index.htm |
New Positions to be taken Buy MTL 151.50 _8.62 Feb bulge of Accum. OBV NH. Trading Breakouts IGE 136.01 Flat resistance - Buy at 139 closing stop. Natl Resources ETF ACL 154.71 Flat resistance - Buy at 156 clsoing stop. Biotechs came to life with MLNM jump. |
Short Positions: TISI = 21-day ma of Accum. Index.IP21=current value of Accum. Index. In general, we will cover short sales if they close above 50-day ma. with IP21>0. If they jump too fast, hold them short. They will combe back to the 50-day ma. Cover them there. Know that some of these may be short sales again when their short covering rallies are over. Short sales (IP21=current Accum. Index) WM 11.42 -.03 AI/200=57 Supposedly new money infusion. Rumors like this often do not work out. Stay short. Cover ---> LOGI 24.95 -0.36 on new Stochastic Buy. Satisfactory trade. AGYS 10.86 +.06 IP21<TISI 12.39 is 1 mo resistance. GSBC 15.40 +.48 IP21<-.25 ED 41.12 -.62 IP21<TISI. JBL 10.04 +.18 IP21<-.25 Jabil Circuit RHT 19.97 +.16 At declining set of tops' downtrendline. ISLE 9.85 +.16 AI/200=11 Very steady distribution. Red Buy... ITRS=-.28 Hold. |
Long Positions: (These
are arranged so that the most recent are shown first.) Currencies EURO 1.57 -.01 Previous Bulge of Accum and take-off from rising 21-day ma. Gold, Platinum and Silver - *** = I would use closing sell stops below the 21-day ma. **** = I would close below 50-day ma Sell ===> SLV 175.07 -4.43 SLV failed to rise above 50-day ma with IP21=-. Platinum 2029.60 -17.30 Huge bulge of Accumulation and retreat to rising 50-fay ma. GBN - Great Basin 3.63 -.01 SSRI 30.16 On switched Sell . ... System Gain - 114.7% I consider this a long-term buy as long as silver keeps outperforming the DJI It is also a very good stock to trade using Tiger Buys and Sells. See www.tigersoft.com/SSRI . Oil/Gas ... Commodities Sell at 20. BZP 18.52 -.33 New Sell. AI/200=164 IP21=.05 Heavy red down day selling prressure. Corn (C 1620 or C 1600 - Perpetual Contract) 594.25 -10.75 Note February Bulge! Buying on test of rising 50-day ma. Coal FDG 63.09 +.98 Above upper band. Previous bulge of Accumulation. Bond Fund AGG 102.57 -.43 red Buy. . Tahiti Stocks MCD 55.85 +.11 AI/200=109 Turned down from 50-day ma... Normally held for 21 months. Was Tahiti Stock for Quarters 1 and 2, 2007. Hold 21 months after purchase XOM 89.55 =.15 AI/200=158... Highest AI/200 Stock. Hold 21 months after purchase. Another head and shoulders top. New 50-day Stochastic Sell. Tahiti Stock at end of 3rd and 4th quarters. XOM was also #1 AI/200 DJI-30 stock at end of 1st quarter of 2008. |