Tiger Software: 1/24/2008
(C) 2008 William Schmidt, Ph.D. william_schmidt@hotmail.com
Editor's Note:
Shorted stocks rallied mostly today because of Fed action. I would wait until
they close above 50-day ma before covering. Watch the Bullish stocks for
FIDSTKS (all Fidelity's biggest holdings) to see when they start turning up.
Watch the highest Accumulation (AI/200) stocks for the same thing.
Tax rebates and Fed Discount rate cuts will weaken US dollar. That should
make gold and silver go up.
Buy SLV
Buy Gold Rangold Resources AI/200=153 IP21>.25 ITRS=.30
Buy GLD
Buy DBA - Power Shares DB Agriculture 34.25
Buy SSRI - Red Buy
Buy KTEC
Buy SID
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)
ABFS 23.52 -.62 AI/200=12 IP21<0... Cover at 22.4
AMWD 18.12 -1.04 AI/200=40 IP21=-.15
BONT 6.74 -.23 IP21 is very low. AI/200=12
XING 6.91 +.13 AI/200=19
PFCB 28.05 -.36 If still short cover at 25.21 shorted at 22. AI/200=18 IP21>0. Red Buy,
ISLE 11.16 +.22 shorted at 12.77 AI/200=14
DSW 18.50 +.96 AI/200=38
===> Cover ETM 11.90 +.60 AI/200=41 Entrecom Communications.
The tight trading range at bottom is bullish.
CHS 8.94 +.13 AI/200=22 Bernard Chaus
=====> Cover WMG 7.06 +.81 AI/200=24 Red Buy.
MAS 21.83 +.05 IP21<0. AI/200=19
====> Cover WM 16.95 +.87 AI/200=63 IP21>0.
=====>Cover VFGI 15.18 -.68 AI/200=5
Long Posiitons.
KEQU 17.63 +.63 AI/200=200)
Bond Fund AGG 102.84 -.21
MCD 54 +1.01 AI/200=119 broke below 50-day ma... Normally held for 21 months.
Was Tahiti Stock for Quarters 1 and 2, 2007. Hold 21 months.
XOM 86.00 +2.55 AI/200=166... Highest AI/200 Stock. Hold 21 months.
Another head and shoulders top.
Tahiti Stock at end of 3rd and 4th quarters.