Stock
Positions We Are Monitoring. Tiger Software: 3/19/2008 (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. |
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 BONT 5.28 +.16 BYD 18.84 -.66 XING 5.28 -.02 NTRI 13.63 -.89 AI/200=65 IP21=.25 USMO 6.77 -.06 AI/200=53 WMG 5.31 +.10 AI/200=22 LNET 7.40 -.27 AI/200=85 IP21<TISI ISLE 7.24 -.05 AI/200=15 AI/200=91 IP21< 0.25 |
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. **** = Sell on a closing below their 50-day ma. *** GBN - Great Basin 3.47 -.07 21-day ma = 3.41 *** GLD 93.04 -3.47 NH AI/200=160 IP21=.18 50-day ma=91.94 *** SLV 204.21 +.34 50-day ma= 176.47 SSRI 33.24 -1.65 On Buy. .. 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 20.36 -.10 AI/200=161 IP21=.15 Commodities **** GSG 56.12 AI/200=177 IP21=.24 50-day ma= 55.27 *** DBC 36.52 -1.24 AI/200=183 50-day ma= 34.29 Coal Sell FDG 49.52 -3.69 New red sell. B12. Recent breakout was at 45. Nice dividend. Bond Fund AGG 103.06 +.31 on red Buy. MCD 53.66 -1.13 AI/200=106 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 84.43 -4.04 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. |