Stock Positions
We Are Monitoring. Tiger Software: 2/1/2008 (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 CHU - Chinese telecomm new high abive triple top. ITRS>.30 Buy FDG - Coal Stock - B12. 46.25 +1.61 Fording Canadian Coal Trust Fording Canadian Coal Trust operates as an open-ended mutual fund in Canada. It owns a 60% interest in Elk Valley Coal Partnership, which produces and sells hard coking coal, a type of metallurgical coal used for making steel in the integrated steel mill process. |
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) ISLE 11.57 +.45 AI/200=14 New Red Buy IP21 is still below -.18 ABFS 28.90 -.89 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. Cover AMWD 22.90 +1.92 AI/200=40 IP21=-.20 Closed above 50-day ma. IP21>0. BONT 7.61 -.14 IP21 is improving. AI/200=1` XING 7.23 +.17 AI/200=12 PFCB 28.22 +.78 If still short cover at 27.56 shorted at 22. AI/200=19 IP21>0. Red Sell. Cover DSW 19.99 +1.53 AI/200=38 Closed on Friday above 50-day ma with IP21>0. Cover MAS 23.33 +.40 IP21>0. Over 50-day ma AI/200=19 Red Buy. |
Long Positions: (These
are arranged so that the most recent are shown first.) Long Posiitons. SLV 165.97 -2.21 Red Down Day Volume near upper band. Gold 46.67 -1.04 Rangold Resources AI/200=156 Heavy red down volume. ITRS=.30 GLD 89.35 -2.05 Heavy Down volume Downtrending OBV. NH DBA - Power Shares DB Agriculture 37.25 +.26 SSRI 35.42 +.63 Red Buy ... Having difficulty getting past declining 50-day ma SID 100.70 +4.07 KTEC 36.66 -.12 NH was confirmed by OBV and IP21>.25 KEQU 17.78 +.38 (AI/200=200) Bond Fund AGG 102.99 -.51 MCD 54.22 +.64 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 85.95 -.45 AI/200=166... Highest AI/200 Stock. Hold 21 months. Another head and shoulders top. Tahiti Stock at end of 3rd and 4th quarters. |