Option Investor
Archive
HAVING TROUBLE PRINTING?
Printer friendly version
Jeff Bailey : 6/21/2006 2:27:17 AM

See you in the morning!

Jeff Bailey : 6/21/2006 2:24:03 AM

Here's a partial list of Transport/Non Air stocks that Dorsey/Wright has in their sector bullish %. It gives Trend Signal (above/below trend), Trend Col (currently column of O, or X), RS Mkt Signals (is stock's relative strength on a "buy" or "sell" signal vs. broader market?), RS Mkt Column (is RS currently column of O, or X). Link

Here's ABFS Link and it is Buy trend (above trend); currently in a column of O; Dorsey uses the Dow Industrials for the market RS Link

I like to also look at a RS chart and broader measure like the S&P 500 Link

I placed a few closing prices at different stocks, with different technicals simply as benchmarks.

Institutions love these quick technical screens for pairs trades, picking up themes.

EXPD Link has just about everything a bull wants, but risk/reward for entry unfavorable in my opinion. Risking to $90 (risk to sell signal) to potentially make $19 (currently building bullish vertical count).

Jeff Bailey : 6/21/2006 2:15:13 AM

Here's a partial list of Transport/Non Air stocks that Dorsey/Wright has in their sector bullish %. It gives Trend Signal (above/below trend), Trend Col (currently column of O, or X), RS Mkt Signals (is stock's relative strength on a "buy" or "sell" signal vs. broader market?), RS Mkt Column (is RS currently column of O, or X).

So, here's ABFS Link

Jeff Bailey : 6/21/2006 2:06:45 AM

Good gravy! Link

Almost "Garmin-like" supply/demand from last week Link

Jeff Bailey : 6/21/2006 2:00:54 AM

CSX Link (risking $3.67 to potentially make $10.33, which could grow if current bullish vertical count grows).

Jeff Bailey : 6/21/2006 1:58:43 AM

CHRW Link (risking $5 to potentially make $9, which could grow if current bullish vertical count column grows)

Jeff Bailey : 6/21/2006 1:56:06 AM

BNI Link (risking $5 to potentially make $18)

Jeff Bailey : 6/21/2006 1:54:35 AM

ABFS Link (risking $1.87 to potentially make $11)

Jeff Bailey : 6/21/2006 1:49:08 AM

Dorsey/Wright Sector changes had Transport/Non Air reversing up from "bear confirmed" to "bear correction." Link

Jeff Bailey : 6/21/2006 1:39:08 AM

Around the world in roughly 12 minutes

Jeff Bailey : 6/21/2006 1:38:04 AM

INDU Link

DIA Link

SPX Link

SPY Link

NDX Link

QQQQ Link

NYSE Link

NASD Comp. Link

Jeff Bailey : 6/21/2006 1:33:49 AM

Yet to open FTSE Link DAX Link CAC-40 Link

Jeff Bailey : 6/21/2006 1:30:27 AM

Hang Seng ($HSI) Link ... Down 55 points, or -0.36% at 15,553.

Session Low/High has been 15,521/15,649.

Chart O to 15,550

Jeff Bailey : 6/21/2006 1:27:59 AM

Nikkei-225 ($NIKK) Link down 69 points, or -0.47% at 14,579.

Session Low/High 14,483/14,713

Chart O down to 14,500.

Jeff Bailey : 6/21/2006 1:18:08 AM

EIA Weekly Crude Oil, Gasoline, Distillate Inventory Table (preview) assuming no net change week-to-week at this Link

Jeff Bailey : 6/21/2006 12:55:07 AM

Shoot .... I posted Index Pivot Matrix Link and YM Pivot Matrix Link as well as Wednesday's YM chart Link and comments over on FM side.

OI Technical Staff : 6/20/2006 9:59:59 PM

The Market Monitor has been archived. You may view it and any previous days here: Link

Disclaimer: Stocks discussed in the Market Monitor are for educational purposes only and any analysis is not meant to imply a recommendation for or against that stock. The analysts in this forum as on any other website are prohibited by the SEC from giving any specific advice to ANY individual trader. All information posted is for ALL readers and is not meant to be directed to any individual. Our analysts cannot answer any email questions regarding any specific stock. Please do not ask and please do not take offense if requests are denied.

Results posted in the Market Monitor are hypothetical and OIN does not claim that any reader achieved these exact results. Due to the lag time between research, writing, posting, uploading, reading and execution there will be differences between the actual signal given and the fill achieved by the reader. Fills may be better or worse but in most cases they will be different. The writers will make every effort to give advance notice of intended signals and indicate potential price targets. Your individual results may vary depending on your activity level and aggressiveness. This forum is intended as an education service only. Trading involves risk and should not be attempted by anyone not ready to accept this risk. By acting on any signal in this forum you agree and personally accept this risk.

Jeff Bailey : 6/20/2006 5:50:24 PM

Current OPEN MM Profiles found at this Link

Today's Activity

Stocks/Options

Swing traded long 1/2 bullish position in shares of Dynamic Materials (BOOM) at the offer of $30.67. Stop at $28.90 and targeting $34.25.

YM Futures

Day traded short the YM at 11,082 (Stop= 11,095 : Tgt= 11,052) and closed out at a "spike" down at 11,060. (+22 pts, or $+110/contract)

Jeff Bailey : 6/20/2006 5:07:34 PM

Closing Internals found at this Link

05/12-6/20 NH/NL Data found at this Link

One could say, "there was absolutely no bullish leadership in the SPX today."

See how quickly the 5-day NH/NL ratios (columns AE and AJ) bounced back in late May (rows 848 and 849)? The NYSE's 5-day couldn't make it back to "midfield" of 50% and NSDQ was there for about 2-days.

Do you sense/observe that it is taking even longer now?

One thing a "market internals" analyst needs to be careful of when using ratios, is that the playing field is 0% to 100%. When we've got weakness we need to monitor the tail or new lows. Remember how an inchworm moves.

The NYSE NL reading (column T : row 842) and recently (column T : row 860) is perhaps the best observation softening at the bottom. For a DAILY Ratio similarity (column AD : Rows 842, 859, 865).

Jeff Bailey : 6/20/2006 4:26:54 PM

Closing U.S. Market Watch found at this Link

Jane Fox : 6/20/2006 4:18:46 PM

There are no major economic reports tomorrow.

Jeff Bailey : 6/20/2006 4:06:41 PM

Buy Program Premium SPY 124.02 : YM 11,063

Jeff Bailey : 6/20/2006 3:52:25 PM

BA $84.73 -0.03%, UTX $60.89 -0.01%, XOM $57.35 -0.06% ...

Jeff Bailey : 6/20/2006 3:50:24 PM

YM alert 11,052

Jeff Bailey : 6/20/2006 3:49:14 PM

In a way, CME's WEEKLY Interval Chart Link and SUN's Link back this spring look very similar.

I just don't want to see CME give that two week "pop" with July out-the-money.

Jeff Bailey : 6/20/2006 3:45:09 PM

Sunoco (SUN) $60.60 -0.42% Link ... mired in tar still.

Banc of America was a little early back in March, but eventually they were right.

Jeff Bailey : 6/20/2006 3:39:11 PM

Still dealing with "upward trend" from recent lows to yesterday's low right here. DAILY Pivot just below

Jeff Bailey : 6/20/2006 3:37:47 PM

That took about 6-minutes longer than I had planned. YM 11,057 ...

Jeff Bailey : 6/20/2006 3:36:21 PM

YM Short close out alert 11,060

Jeff Bailey : 6/20/2006 3:25:34 PM

YM short entry alert 11,082

Jeff Bailey : 6/20/2006 3:23:13 PM

Shoot ,,,, would NOT be filled at 11,082 .... YM 11,078.

Jeff Bailey : 6/20/2006 3:22:31 PM

YM short alert 11,082 here, stop 11,095, target 11,052.

Jeff Bailey : 6/20/2006 3:12:44 PM

SPX NH/NL 0:9

Jeff Bailey : 6/20/2006 3:11:59 PM

03:00 Internals found at this Link

Jeff Bailey : 6/20/2006 3:02:41 PM

03:00 Market Watch found at this Link ... I'll begin posting August energy futures tomorrow.

Jeff Bailey : 6/20/2006 2:56:26 PM

Dow's "Big 10" all green still. CAT $71.20 +1.78%

Jeff Bailey : 6/20/2006 2:53:25 PM

YM short setup cancel order alert with YM 11,086

Jane Fox : 6/20/2006 2:53:23 PM

JULY NATURAL GAS MARKS THIRD LOSING SESSION IN A ROW
JULY NATURAL GAS CLOSES AT $6.502/MLN BTUS, DOWN 5.7%

Jeff Bailey : 6/20/2006 2:44:24 PM

YM 11,074 ...

Jeff Bailey : 6/20/2006 2:44:11 PM

YM short setup alert let's look to go short on a trade at 11,070, stop 11,093, target 11,047.

Jeff Bailey : 6/20/2006 2:23:38 PM

might have missed a YM short 11,055 ... couldn't type fast enough.

Jeff Bailey : 6/20/2006 2:17:59 PM

Nike (NKE) $81.93 -1.33% Link ... had a question regarding PUTS/Short. Looks like a very good trade. Was looking at the Aug $85 Put (NKE-TQ) $4.40 offer.

Jeff Bailey : 6/20/2006 2:01:27 PM

Dynamic Materials (BOOM) $30.16 +1.03% Link ... Dorsey/Wright Classifies as MACHinery/Tools . I could see blending it with STEEl and METAls too.

A unique process.

Jane Fox : 6/20/2006 1:59:35 PM

This is more like a fish market than a stock market. Prices are just flopping all over the place.

Jeff Bailey : 6/20/2006 1:58:44 PM

Chicago Merc (CME) $450.12 +1.20% Link ... Dorsey/Wright classifies as FINAnce

Jeff Bailey : 6/20/2006 1:57:11 PM

Take-Two Interactive (TTWO) $13.26 +1.76% Link ... Dorsey/Wright classifies as SOFTware

Jeff Bailey : 6/20/2006 1:51:30 PM

06/12/06 to 06/19/06 Sector Bell Curve found at this Link ... Still shifting to the left as of last night's close.

Jane Fox : 6/20/2006 1:48:14 PM

WASHINGTON (AP) -- Crude futures were steady near $69 a barrel Tuesday and some analysts said the monthlong seesawing of oil prices around this level suggests a fair price may have been reached, at least in the short term.

Holding prices up are concerns about possible supply disruptions stemming from hurricanes and the diplomatic standoff between the West and Iran over Tehran's nuclear ambitions, analysts said. Weighing them down is the slowdown in global economic growth and fears that rising interest rates could accelerate this trend.

"Crude around $70 can coincide with a soft landing" for the world's economy, said James Cordier, president of Liberty Trading in Tampa, Fla.

Jeff Bailey : 6/20/2006 1:36:04 PM

01:34 Market Watch found at this Link

Jeff Bailey : 6/20/2006 1:28:45 PM

01:00 Internals found at this Link

Jane Fox : 6/20/2006 12:51:26 PM

Dateline CNN Strong waves in Central America destroy buildings, prompt evacuations, The Associated Press reports. CNN working to confirm.

Jeff Bailey : 6/20/2006 11:52:44 AM

I hope to be back by 01:30 PM EDT.

Jeff Bailey : 6/20/2006 11:51:10 AM

Bullish swing trade long alert ... for 1/2 position in shares of Dynamic Materials (BOOM) $30.67 +2.74% here. Stop goes $28.90, target $34.25.

Tab Gilles : 6/20/2006 11:38:27 AM

CNBC Champ Thomas Ko recommending Pro-Fac Cooperative (PFACP) on MSN...$5.96 up $1.41 (40%)...reminds me of the old Dan Dorfman days...LOL. Link

Jeff Bailey : 6/20/2006 11:38:11 AM

I have to leave for an appointment. I'll be back in a couple of hours.

Jeff Bailey : 6/20/2006 11:37:41 AM

Tab Gotch'a

Jeff Bailey : 6/20/2006 11:34:55 AM

Current OPEN MM Profiles found at this Link

Tab Gilles : 6/20/2006 11:27:27 AM

Jeff, Last Oct it ws only 100, but as the chart indicates 250 is possible. I want to see the weekly $NASI reverse and as I also stated B/O and volume on charts. I would start entering here, but not commit fully.

Jeff Bailey : 6/20/2006 11:24:40 AM

Sprint Nextel (S) $19.76 -1.54% Link ... That's a 52-weeker.

Tab Gilles : 6/20/2006 11:33:07 AM

China's demand for oil will continue to grow. Just today McDonalds announced the opening of a drive-thru restaurant! Link Link

Much of world's growth will take place in Asia, although U.S. will still use the most; OPEC needed to meet bulk of demand, EIA says. Link

Jeff Bailey : 6/20/2006 11:18:22 AM

Tab! Good to see you.

In your opinion, how many lows would be "too many?"

Jeff Bailey : 6/20/2006 11:17:24 AM

11:00 Internals found at this Link

Tab Gilles : 6/20/2006 11:05:31 AM

Several intersting charts... $COMPQ and $NASI/$NALOW Link

$COMPQ and $NASI/$NAHGH Link

Although the Compq is not making that many new highs, the new lows are not that many either. I would like to see some sort of wash out sell-off.

I've been posting recently some market sentiment charts, that are near extreme bearish levels and indicators that are oversold. However, these indicators are more a measure of trader sentiment than investor sentiment. If the general publice becomes bearish, then look out. So...for now we could see a traders rally. Would like to see breakouts of basing formations on strong volume to get more bullish.

Jeff Bailey : 6/20/2006 11:02:40 AM

11:00 Market Watch found at this Link

Jeff Bailey : 6/20/2006 10:45:42 AM

Nikkei-225 ($NIKK) Link ... finished down 211.94, or -1.43% at 14,648.41.

Session low was 14,622.

Jeff Bailey : 6/20/2006 10:41:20 AM

iShares Japan (EWJ) $12.85 -0.27% ... right back at our bullish exit point from the lows.

Jeff Bailey : 6/20/2006 10:36:11 AM

Colombia Stock Index Opens Down 4.8% After 3-Day Rally

Jeff Bailey : 6/20/2006 10:33:53 AM

Saudi Ambassador To U.S. Says Oil Prices Too High

Oil Markets "Well-Supplied"

We Are Investing In New Capacity

Jeff Bailey : 6/20/2006 10:32:10 AM

I saw that same headline cross the wire Jane. Thought to myself ... "This will be a very slow news day."

Jeff Bailey : 6/20/2006 10:30:10 AM

eBay (EBAY) $29.97 -0.46% Link ...

Jeff Bailey : 6/20/2006 10:28:55 AM

Intel (INTC) $18.13 -0.60% Link ...

SOX.X 444.43 -1.05% Link ...

Jane Fox : 6/20/2006 10:25:46 AM

Dateline WSJ CBS News announces agreement with Dan Rather, ending former anchorman's 44-year career with the network

Jeff Bailey : 6/20/2006 10:19:44 AM

CME To Offer Chinese Yuan Futures Contracts

Reuters Story Link

Jeff Bailey : 6/20/2006 10:09:28 AM

10:07 Market Watch found at this Link

Jeff Bailey : 6/20/2006 10:00:53 AM

YM 5-minute interval chart at this Link

Jane Fox : 6/20/2006 10:00:11 AM

Techwell IPO on deck for Wednesday

Jane Fox : 6/20/2006 9:42:05 AM

NYSE ADVANCERS OUTNUMBER DECLINERS 13 TO 11
NASDAQ ADVANCERS OUTNUMBER DECLINERS 6 TO 5
DOW INDUSTRIALS ADVANCERS OUTNUMBER DECLINERS 23 TO 7

Marc Eckelberry : 6/20/2006 9:41:13 AM

Bloomberg...Intel Corp., the world's biggest chipmaker, climbed after Prudential Securities lifted its recommendation on semiconductor-equipment companies. Intel rose 12 cents to $18.36. The computer-chip equipment industry was upgraded to "favorable" from "unfavorable" by analyst Ben Pang at Prudential Equity Group, who noted that the ratio of stock prices to forecast earnings has gotten smaller while memory chips remain "a strong pillar of capital spending." Advanced Micro Devices, Intel Corp.'s largest competitor in computer chips, added 15 cents to $25.10 in Germany. Pang also boosted the rating on Applied Materials Inc., the biggest maker of chip-production equipment, to "overweight" from "neutral weight." Its shares rose 28 cents to $16.59. Link

Jane Fox : 6/20/2006 8:58:09 AM

BAGHDAD, Iraq (AP) -- The bodies of two U.S. soldiers who had been reported kidnapped have been found near the checkpoint where the men disappeared after an attack, a senior Iraqi military official said Tuesday. A U.S. military spokesman in Iraq has refused to confirm or deny reports that remains of missing soldiers were found.

Pfc. Kristian Menchaca, 23, of Houston and Pfc. Thomas L. Tucker, 25, of Madras, Ore., went missing Friday near the town of Youssifiyah, south of Baghdad. Spc. David J. Babineau, 25, of Springfield, Mass., was killed in the attack.

All were assigned to the 1st Battalion, 502nd Infantry Regiment, 2nd Brigade, 101st Airborne Division from Fort Campbell, Ky.

Jane Fox : 6/20/2006 8:41:58 AM

I had the wrong report there - Sorry.

Jane Fox : 6/20/2006 8:41:38 AM

WASHINGTON (AP) -- Construction of new homes and apartments, after posting three straight months of declines, increased in May, helped by dry weather.

The Commerce Department reported that builders started construction at a seasonally adjusted annual rate of 1.957 million units last month, an increase of 5 percent from the April construction pace. The better-than-expected increase came after declines of 5.5 percent in April, 7.5 percent in March and 5.9 percent in February.

Analysts attributed the increase to an unusually dry spring in many parts of the country which allowed builders to start work on more new homes. But they cautioned that construction activity is likely to slide further in coming months as the housing industry slows under the impact of rising mortgage rates.

In a sign of that expected slowdown, permits for new construction dropped by 2.1 percent in May to an annual rate of 1.932 million units.

Market Monitor Archives