Tze (2011-09-15 Trading Day):
We are starting to cover the most popular daily stocks according to the stocks’ search volume. Download our Excel based Stock Model Output file for this week. (Link: http://www.focalequity.com/2011/09/12/spy-stock-market-analysis-for-ending-week-09092011/modeloutput_20110909/)
Our big short: Ralcorp Holdings, Inc. (NYSE: RAH): The stock plunged close to 8% today. The stock ranks very poorly in our stock model, with a rank of 3,406 out of 3,514 stocks. we can expect some short term bounce but this stock will continue to remain on our bear list for a while.
Our big Long: JAKKS Pacific, Inc. (NASDAQ: JAKK): this is the jackpot stock of the day, rallied over 20% today. The stock ranks 436 out of 3,514 stocks, which places this stock in the top 15% of our universe. We continue to favor this stock at any pull back.
Tze (2011-09-14 Trading Day):
ANW (Aegean Marine Petro) – continues to rank in the top 150 stocks out of ove 3,500 stocks we cover. The stock is looking bullish at the moment.
AMD – (Advanced Micro Devices) – this stock has made a major come back since the August low but it still doesn’t rank well in our stock model. The ranking score is still slightly negative changed from -0.06 to -0.04 from 8/24 to 9/9.
Tze (2011-09-13 Trading Day):
What a rally in LCC! Up over 18%. You could actually buy into LCC this morning at the open around $4.74 following our LCC long recommendation.
What happened with BAC (Bank of America) and AMZN (Amazon) on 09/12 trading day does not change our positions on these two stocks. (Long BAC and short AMZN)
Will AMZN face what happened to NFLX?
NFLX peaked just above $300 in late June. Then it quickly fell below the 14 SMA and then 50 SMA and now 50 SMA is serving as resistance.
AMZN (Amazon Inc.) followed a similar path but the stock found support at the 50 SMA during the August crash. The recovering rally towards the previous peak is with much lower volume causing a bearish divergence. Now the ATR index is also rolling over. AMZN may be in the process of another huge decline.
Another Long Candidate: LCCÂ (US Airways)
LCC could the big turnaround story. Next year, it is projected the company could be in profit which would provide a huge boost for this stock from a valuation standpoint. The stock also seems to be finding support.
See how ANW is moving up today? Appears Greece has some short term issues taken care of for now so watch this ANW as a so called barometer for Greece. Let’s see if it can break above $6.00 again.
Dsavill. We use start covering ANW. You are right ANW is a good barometer of Greece. Thanks.
I think you meant to say “we should start covering ANW” as far as watching it and that is what I do anyways.
Yes sorry about the typo.
Markets appear rangebound today.
Yea look quite boring. At least that is better than worrying about whether Europe can survive everyday
Hope some folks caught the LCC surge shortly after the open today. BAC and AMZN are pretty much unchanged during today’s trading so far.
NASDAQ has still been relatively stronger than S&P500.
In a way that makes sense since it dropped more than SP500 during the August crash.
I find it quite amazing how such a small country like Greece controls the financial stability of the whole world.
ANW is up up and away just as I thought. Next stop over 6 bucks.
Yea the stock is looking good. The ranking score dropped a little bit since 8/24 but it is still in the top 200 stocks. Very good barometer for Greece in general since this is a shipping/cargo stock, a big part of the Greek economy.
Not sure if you caught any of the counter trend rally but ANW rallied over 50% since the August low. Its rally is as impressive as that of RIMM.
ANW just jumped 13% today. I guess Greece is not under yet
Of course China extended a hand to Europe as a whole. I wonder who is going to extend a hand to China when it needs one.
The market is having a good rally, but I wonder if it will eventually break from the trading range.
I think 1200 to 1220 is the resistance right now. I would short it at these levels.
Lots of volatility in the RAH and JAKK charts. Interesting charts to look at.
Yea they are such interesting stocks no wonder they are so popular. We will continue to cover these from now on and keep things simple for people.
Another “fools” rally with all the horrible economic news today yet it rolls higher.
yea I hear ya. Pretty good week overall for the market but a horrible day for RIMM. Do you like our crazy stocks coverage
?