Stock
Positions We Are Monitoring. Tiger Software: 3/20/2008 (C) 2008 William Schmidt, Ph.D. william_schmidt@hotmail.com Editor's Note: Note for 3/19/ 08 "Note there is a Hotline tonight because of violent moves in metals and commodites. In general, I would not let a gain turn into a loss and work with the 50-day ma to calculate closing stop losses for GLD, SLV and commodity funds." |
New Positions to be taken Traders only - Buy MS - high volume penetration of 50-day ma 49.67 +6.22 The FED has apparently guaranteed the best banks that they can operate risk-free! |
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) Sell Short: I will cover these short sales if their Accum. Index rises above +.25 Covered accordingly: BONT 5.7 +.42, NTRI 14.00 +.37 BYD 19.70 +.94 IP21=-.269 (Run Power Ranking then from graph of Stock use Operations + Stks: Power Rank ...) XING 5.18 -.02 IP21--.299 USMO 7.15 +.40 AI/200=52 IP21--.265 WMG 5.16 -.15 AI/200=22 IP21= -.316 LNET 6.75 -.65 AI/200=84 IP21<TISI IP21= -.361 ISLE 7.24 AI/200=15 AI/200=91 IP21= -.39 |
Long Positions: (These
are arranged so that the most recent are shown first.) Long Posiitons. Commodities and precious metals are taking a pounding. Gold broke its 21-day ma and uptrendline and is now testing itrs rising 50-day ma on very high volume. This profit-taking is not uncommon. But the volume is so high, it may well take the 50-day ma out. Similar action is going on with commodities. It does not pay to be heroic. As I said on the Hotline, eventually gold, silver and commodities must break down. They are too over-stretched and margin calls often get the best performers to be sold when a panic develops. If you have these below. Sell on a closing below their 50-day ma. I designate this with ** --------------------------------------------------------------------------------------------------------------------------------------- Gold and Silver - *** = I would use closing sell stops below the 21-day ma. **** = I would close below 50-day ma GBN - Great Basin 3.50 +.07 21-day ma = 3.41 Did not not close below 50-day ma. SSRI 31.01 -.40 On switched Sell. But will very likely give Buy on Monday. 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 **** BZP 19.80 -.56 AI/200=161 IP21=.15 Commodities Sell GSG 56.21 AI/200=177 ... completed head and shoulders pattern. Sell DBC 35.05 -.47 AI/200=183 Bond Fund AGG 103.42 +.36 on red Buy. MCD 54.42 +.76 AI/200=103 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 85.00 +.57 AI/200=166... Highest AI/200 Stock. Hold 21 months after purchase. Another head and shoulders top. On 90-day Stochastic Sell. Tahiti Stock at end of 3rd and 4th quarters. |