Drano Posted October 11, 2005 Report Share Posted October 11, 2005 drwells, thank you for the list and comments, and if no one said so before: welcome. Link to comment Share on other sites More sharing options...
DrStool Posted October 11, 2005 Report Share Posted October 11, 2005 Bellwether Update (WSE Professional Edition Subscribers) A number of market leaders have reached or are near downside projections. Time for a breather, or breakdown? Subscribe to the Wall Street Examiner Professional Edition. Click the link below to get in NOW! Link to comment Share on other sites More sharing options...
Guest Posted October 11, 2005 Report Share Posted October 11, 2005 drwells ... ditto Drano ..you've been especially caustic lately... thank you Link to comment Share on other sites More sharing options...
Guest Posted October 11, 2005 Report Share Posted October 11, 2005 Hey Briz, whatever happened to the buzz surrounding Brisbane-based Metalstorm, the company that claims it has developed a gun---invented by an Oz grocer---that shoots a million bullets a minute? Maybe they can hook up with Whole Foods. Looks like the stock is making a comeback, but it's been pretty much Sell City since the IPO. They just signed a $200K contract on 10/3 with the U.S. Dept of Energy for R&D on "short-range weapon systems that distribute large quantities of ammunition over a large area in an extremely short time frame." Now why, pray tell, would the U.S. DOE need guns that shoot a million bullets a minute? Hmmm... <{POST_SNAPBACK}> Yeah I don't know much about it to be honest but I remember it was one of the fave trading stocks in chat rooms back in the heady days pre Naz crash. Interesting difference in price between US and Oz, $4 where you are and 25c here Link to comment Share on other sites More sharing options...
Guest Posted October 11, 2005 Report Share Posted October 11, 2005 dmm742 .. I checked out that Oz defense company.. Thats some interesting firepower there, very innovative ...Thanks Link to comment Share on other sites More sharing options...
DrStool Posted October 11, 2005 Report Share Posted October 11, 2005 Blowoff Coming? (WSE Subscribers) Link to comment Share on other sites More sharing options...
GregFokker Posted October 11, 2005 Report Share Posted October 11, 2005 As promised, here's a list of housing and credit bubble-related sectors and stocks thanks to John Rubino. I believe these all have options. I've looked them over and added my quick impressions (the usual caveats apply). I simply look for trends using the 20-day exponential MA and the 50-day simple MA. If a stock is above both, I consider it to be in an uptrend; if it's below both, I consider it to be in a downtrend. I look for a 20-day average true range of at least $1, or else I consider the stock to be too slow. Good hunting! Mortgage banks. Ironically FNM is the best behaved, obeying its downtrend as it should. abk: Below 20 ema, sitting on 50 sma, but lot of whipsaws. fnm: No comment necessary, or printable, even here. fre: Back up between 20 ema & 50 sma. mbi: < 20 & 50, but lot of whipsawing. mtg: < 20 & 50, but lot of whipsawing. Credit pushers. See AXP, CCRT, COF. acf: < 20 & 50, but slow. axp: American Express. Broke 20 & 50 today. Worth a look. ccrt: Compucredit? Heh. Has had long uptrend. Broke 20 today, still over 50. If it can close below that, there may be fun ahead. cfc: < 20 & 50. A little slow. cit: < 20 & 50. A little slow. cof: < 20 & 50. Burning nicely. 20-day EMA an okay guide. Worth a look. luk: < 20, sitting on 50. Slow, low volume. Wouldn't bother. pvn: < 20 & 50, but low and slow. Homebuilders, obviously burning, some more than others. Anyone know of an index with options or futures that's closer to them than HGX? (Yahoo needs a "Customers who viewed this also viewed X" section, like Amazon.) bzh: < 20 & 50. ctx: < 20 & 50. dhi: < 20 & 50. hov: < 20 & 50. Burning nicely. kbh: < 20 & 50. len: < 20 & 50. mdc: < 20 & 50. phm: < 20 & 50. spf: < 20 & 50. tol: < 20 & 50. Title insurance. They appear to be looking at rolling over. Except ORI, they appear reasonably respectful of moving averages. A group to watch going forward. faf: Between 20 & 50. fnf: Between 20 & 50. lfg: Broke 20 today, still over 50. ori: Between 20 & 50. Lot of whipsaws, low, slow, don't bother. Carnival barkers. They don't look eager to die yet. See BEN. ac: > 20 & 50, slow. age: < 20 & 50 after a double top. Not that fast. amtd: < 20, sitting on 50, but low and slow. ben: < 20 & 50, but lot of whipsaws. Boxed between $79 and $83 since July. Distribution? bsc: < 20 but > 50. Not clearly broken yet. cme: > 20 & 50. I'm saving bullets for this one... et: > 20 & 50. Low and slow, don't bother. ev: < 20 & 50. Low and slow, don't bother. fbr: < 20 & 50. Low and slow, don't bother. gs: > 20 & 50. leh: Between 20 & 50. lm: < 20 & 50 but lot of whipsaws. Been bouncing between $103 and $110 for two months. mer: > 20 & 50. mwd: > 20 & 50. sch: < 20 & 50 but low and slow, don't bother. trow: < 20 & 50 but lot of whipsaws and not clearly dying yet. wdr: Ditto. Automakers, auto parts suppliers. A mixed bag. See BWA, GM, LEA, MGA. alv: < 20 & 50, but not that fast. bwa: < 20 & 50. Got hit today on heavy volume, worth a look. dph: RIP. f: < 20 & 50 but low and slow. gm: < 20 & 50. Thanks to fxfox's suggestion I'll probably just watch the Fed for hints of its final demise. gntx: < 20 & 50 but low and slow. gpc: < 20 & 50. Not that fast, but possibly near support at $41? jci: > 20 & 50. lea: < 20 & 50. Burning nicely (no more housing ATM = no more private jets) but it peaked a while ago. mga: < 20 & 50. From $74 to $66 in four days? Not sure what happened. Construction materials. Mixed bag. See GVA, JEC. cbi: < 20 & 50. Starting to roll over, or just another of its big dips? eme: > 20 & 50. flr: < 20 & 50 but lots of gaps and whipsaws. gva: Granite Construction Inc. < 20 and closed < 50 for the first time today. I like it. jec: < 20 & 50, from $68 to $61 in 3 days last week. Watch for bear traps though, it seems to like them. Banks. Too slow, and they don't seem to care about my moving averages. bac: < 20 & 50, but slow. bk: < 20 & 50, but slow. c: > 20 & 50, and slow. ge: > 20 & 50, and slow. hbc: < 20 & 50, but slow. jpm: < 20 & 50, but lot of whipsaws and slow. usb: < 20 & 50, but slow. wb: < 20 & 50. Lot of whipsaws earlier but now in nice steady downtrend. wm: Ditto. wfc: < 20 & 50, but lot of whipsaws and slow. Bank holding companies. Again, slow. bbt: < 20 & 50, but slow. fitb: < 20 & 50, but slow. key: < 20 & 50, but slow. mel: < 20 & 50, may be rolling over, but slow. ncc: < 20 & 50, but slow. pnc: < 20 & 50, but lot of whipsaws. sti: < 20 & 50, but slow. stt: > 20 & 50. REITS: reg: < 20 & 50, burning nicely. Interior and furnishings. Too slow, but HNI may hold promise. eth: < 20 & 50, but slow. fbn: < 20 & 50, but low and slow. hni: Between 20 & 50. Might be fun if it can close below the 50. leg: < 20 & 50, but low and slow. Boat left in July. lzb: < 20 & 50, but low and slow. mlhr: < 20 & 50. A bit slow. Tool makers. BDK looks best. bdk: < 20 & 50. Not bad. myg: < 20 & 50 but low and slow. sna: < 20 & 50, but slow. swk: < 20 & 50, but slow and rangebound. whr: < 20 & 50. Has been whipsawing, but may be worth watching. The list left out the "wealth effect" stocks like JWN, coach, abercrombie and felch etc but I believe those are Mark's department anyway... <{POST_SNAPBACK}> Awesome! Thx DrWells! Link to comment Share on other sites More sharing options...
astral mike Posted October 11, 2005 Report Share Posted October 11, 2005 Blowoff Coming? (WSE Subscribers) <{POST_SNAPBACK}> erm, in which market ? Link to comment Share on other sites More sharing options...
GregFokker Posted October 11, 2005 Report Share Posted October 11, 2005 They just signed a $200K contract on 10/3 with the U.S. Dept of Energy for R&D on "short-range weapon systems that distribute large quantities of ammunition over a large area in an extremely short time frame." <{POST_SNAPBACK}> Sounds like a description of a good ole fashioned 12 gauge shotgun to me... Link to comment Share on other sites More sharing options...
Dr Bob Poodit Posted October 11, 2005 Report Share Posted October 11, 2005 CSFB Upgrades IBManipulated Is everyone in the pool on this one? Link to comment Share on other sites More sharing options...
Drano Posted October 11, 2005 Report Share Posted October 11, 2005 They just signed a $200K contract on 10/3 with the U.S. Dept of Energy for R&D on "short-range weapon systems that distribute large quantities of ammunition over a large area in an extremely short time frame." <{POST_SNAPBACK}> Sounds like a description of a good ole fashioned 12 gauge shotgun to me... <{POST_SNAPBACK}> They already have such a thing -- the Fed has been loading it with greenbacks and using it to hunt bears. Link to comment Share on other sites More sharing options...
Sudaca Posted October 11, 2005 Report Share Posted October 11, 2005 Oh well, at least I can tell my kids one day that I played the downside in the 3-day EM bear market of 2005 Link to comment Share on other sites More sharing options...
Drano Posted October 11, 2005 Report Share Posted October 11, 2005 Oh well, at least I can tell my kids one day that I played the downside in the 3-day EM bear market of 2005 <{POST_SNAPBACK}> Reminds me of the old joke: The tough sergeant has to break the news to one of his men that the recruit's mother has died. He lines them up and draws a line in the sand in front of them. "Everyone whose mother is still alive step over that line," he shouts. "Not so fast, Johnson!" Link to comment Share on other sites More sharing options...
Drano Posted October 11, 2005 Report Share Posted October 11, 2005 Not so fast, XLNX ! ! ! Link to comment Share on other sites More sharing options...
Drano Posted October 11, 2005 Report Share Posted October 11, 2005 Nice shake-out yesterday in DVN. Link to comment Share on other sites More sharing options...
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