Tze – 12:25 AM
The stock model is updated to reflect today’s market move. You can download the entire model Excel output file here: StockModelFile_20110822 Remember we do welcome individual stock and ETF commentary requests. All you have to do is submit your request or questions in the comments section of this post and we will promptly reply.
The stock we are highlighting for this morning is YAHOO (Yahoo Inc.). This stock is attractive on several valuation fronts as indicated by our ranking model. In addition, the stock appears to be strong based on our contrarian indicator. (Chart produced by contributor: Roller Coaster)
This is a long candidate for YHOO based on the FocalEquity Stock Market Ranking. The stock may have found support from the 2009 low. It has moved up aggresively recently, and is now in a pull back.
ETF Model Update:
You can download the entire ETF model Excel output file here:LeveredETFModelOutFile_20110822
Even though the bear ETFs continue to have the upper hand, we are beginning to see more positive sentiment for bull ETFs especially in emerging market and oil through the weakened rankings of FXP and DUG.
Yahoo is flat this morning so far. Feel free to submit stock analysis requests. We will talk about it from the perspective of the ranking model as well as from a technical analysis perspective. Same thing goes for ETFs.
It’s gone up a bit now. It should fill the gap.
We need to cover more stocks. Nice call on the bear ETFs. Now they should be set up nicely for another rise.
By the way, why not get some of those guys on Slope of Hope to contribute over here. It’s mutually beneficial.
That’s also why I wanted to show a long candidate. They didn’t post the article at Slope of Hope for some reason. Maybe they will post it later tonight.
What I meant is perhaps contacting guys from Slope of Hope and have them contribute here. It’s a different platform for them.
Nice rally on Yahoo as expected. Market took off nicely today.