Stock Positions
We Are Monitoring. Tiger Software: 1/30/2008 (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. NEW SHORT ISLE 10.62 -.45 AI/200=14 Red SELL |
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 30.19 +1.19 AI/200=12 IP21<0... This is still below long-term mvg.avgs. This rose much more than was expected. We will start using the OP21 indicator, too. It mad a 4-month high just before the rally. AMWD 18.84 -.53 AI/200=40 IP21=-.20 Down from declining 50-day ma. BONT 6.77 IP21 is very low. AI/200=12 XING 7.06 +.24 AI/200=19 PFCB 27.24 -1.02 If still short cover at 25.21 shorted at 22. AI/200=18 IP21>0. Red Buy, DSW 17.71 -.29 AI/200=38 MAS 21.94 -.01 IP21<0. AI/200=19 Red Sell. |
Long Positions: (These
are arranged so that the most recent are shown first.) Long Posiitons. SLV 166.75 +1.41 NH Gold 47.28 +.56 Rangold Resources AI/200=156 ITRS=.30 GLD 92.06 +.91 NH DBA - Power Shares DB Agriculture 37.07 +.69 SSRI 36.10 -.71 Red Sell... Having difficulty getting past declining 50-day ma SID 92.88 +1.86 KTEC 36.10 -.71 NH was confirmed by OBV and IP21>.25 KEQU 17.85 +.08 (AI/200=200) Bond Fund AGG 103.06 +.16 MCD 51.01 +.26 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 85.28 +.28 AI/200=166... Highest AI/200 Stock. Hold 21 months. Another head and shoulders top. Tahiti Stock at end of 3rd and 4th quarters. |