| Stock Positions
We Are Monitoring. Tiger Software: 7/14/2008 (C) 2008 William Schmidt, Ph.D. william_schmidt@hotmail.com |
|
It is by no means clear that a firm bottom has been reached. Few stocks will escape an eventual decline. Accordingly, I recommend doing more selling. Many stocks still look very bearish. They are below all key mas and supports. Look at the stocks making new lows for ones with these characteristics. Their OBV is confirming the new lows. The current Accum. Index (IP21) is below the TISI. IP21 is below -.25 and falling AI/200 is below 65 Buy RBCAA 27.05 +2.37 PMFG 52.87 +3.36 |
| Short Positions: TISI
= 21-day ma of Accum. Index. IP21=current value of Accum. Index. In general, we will cover short sales (1 ) if they close above 50-day ma. with IP21>0. or (2) if the IP21 rises above the TISI line if the downtrend in ITRS (relative Strength) is ending. Usually, if they jump too fast, hold them short. They will usually return 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) SUPR 6.11 +.09 Cover (2 ABR 8.62 +.26 Cover (2) C 16.47 +1.91 Cover (2) PAS 19.95 +.36 Cover (2) RUS 6.99 Cover (2) SAH 8.89 +.50 Cover (2) SNDK 16.47 -.11 Cover (2) AEO 13.96 +1.26 Cover (2) AIG 23.28 +2.74 BAMM 5.37 +.28 BYD 8.59 -.16 Cover (2) NP 16.01 +.80 AI/200=58 Cover (2) UNH 22.53 +.20 AI/200=71 DAVE 5.29 -.36 AI/200=29 Cover (2) GCI 16.57 -.78 AI/200=84 TZOO 7. -.08 AI/200=40 |
| With the DJI back above 11100, some long positions Long Positions: (These
are arranged so that the most recent are shown first.) CVX
86.39 -3.03 is now highest AI/200 =160 stock. |