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 ------------------------------------------------------- Weekly Research ------------------------------------------------------- Weekly Picks Last Week's Performance Bonus Pick My Stock Playbook Weekly Option Plays My Option Playbook Weekly Picks Below are the weekly stocks that have been identified as meeting our criteria for range bound stocks. A reminder to all subscribers before purchasing any stocks or options. We use technical analysis only. You should:
Research published 10-17-2004 at 9:45 a.m. central standard time. October 18, 2004 Volume 13, Issue 43 General Commentary Hi everyone! Confusion continues to rule the markets! The noise we are hearing includes oil prices, negative news from IRAQ and indecision regarding the presidential elections. While all of these issues are important to our lives they have little to do with the equity prices. Al Goldman, chief market strategist at AG Edwards said this week, "Up two, down one, take a nap and do it again. Referring to the tight trading range we have seen for the last few years. Next week 179 companies in the S&P 500, and 14 of the 30-stock Dow will report earnings, according to data from Thomson First Call, making it one of the heaviest weeks of the quarterly results season. Last week we saw continued strong earnings indicating we should expect earnings for the quarter to fall between 15% and 18%. Now, there are those that will say this marks the end of our economic recovery. The reason being earnings are down from the 25% average for the last two quarters. Well, I am not a glass half-emtpy guy! Earnings are down simply because Q3 2004 earnings reflect the summer months, which historically have always been low. We should expect those companies meeting or exceeding estimates will be well rewarded, while those announcing surprises will be punished dearly. Case in point would be NetFlix this week. NetFlix announced they will reduce subscription prices beginning November 1, 2004 caused by increasing number of competitors now offering download movie services. NetFlix price dropped $-7.13 on Friday after that announcement. While this drop most likely was an over reaction, the P/E ratio dropped to 10:1. After the dust settles NetFlix has room to grow and certainly presents an attractive fundamental statistical base to attract new investors. As we have been saying for many months the P/E ratios are simply too high! Remember patience, great times are coming! Market Commentary The DOW is now 35 days into its 23-day up cycle closing with a 121.82 loss for the week, leaving +321.31 in its historical upward cycle. The NASDAQ is now 13 days into a 135-day up cycle, closing with a 8.47 loss for the week, leaving +183.71 in its historical upward move. Want to learn how to avoid common mistakes made by investors click here. Good investing! Frank Carrubba, Financial Advisor Chart Legend Symbol stock symbol or trading symbol. A bold symbol signifies a stock that is being held from a prior week. Bold signifies active from last week yet there remains enough room for new subscribers to enter the trade or the price stopped out last week yet there remains enough room to reenter the trade. Company Name the company name associated with the stock SYMBOL. This may not necessary be the legal name or incorporated name but rather what has been used to list the equity. Buy Trigger - recommended entry point for the trade. Computed from analyzing historical opening prices, lows of the day for long positions and highs of the day for short positions. The Buy TRIGGER should be used as the entry price or better for the position. Support - Analysis of price is the main principle of Technical Analysis. Support is the price where buyers and sellers have shown a willingness to buy. Resistance - Analysis of price is the main principle of Technical Analysis. Resistance is the price where buyers and sellers have shown a willingness to sell. Up / Down Stocks that move in cycles have an up cycle lasting x days and a down cycle lasting x days. The trend is not important because we short the down cycle and buy the up cycle. Typical Upside Remaining Indicates the historical price movement remaining in the current cycle. Typical Downside Remaining - indicates that historically that this is the low side of the cycle. Historical Days Remaining Indicates the average historical days a stock has cycled through its lows and highs. A +10 historical days remaining means this stock typically has 10 more days before it reaches its support (up) price. A -10 means the stock price is still moving in the direction expected, however it has exceeded its typical historical pattern. It does not mean that the stock has changed direction. It simply means that the cycle time through the lows and highs has slowed, and has not met its support or resistance level.  | Bonus Research | Weekly Option Plays | Research Performance | My Options Playbook | | Weekly Research | My Playbook | | Order Now | Return Home | Home Business | Digital Economy | Sign In | Disclaimer | Training Center | FAQ | What's New | Contact Us | |
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