Tze (2011-10-17 Trading Day) – Submit your questions and comments in our comment section through the comment link.
Stock Highlights:
The stock model will be updated tomorrow. Please download our latest WEEKLY STOCK RANKING MODEL here: ModelOutput_20111010
1. Mattel, Inc. (NASDAQ: MAT)
Mattel is a stock that continues to rank poorly in our stock model. (3,320 out of 3,514). The ATR is at a very elevated level at the moment and any break of the 20 and 50 SMA would spell big trouble for this stock.
2. Google Inc. (NASDAQ: GOOG)
Google has been trading sideways for almost two years. Now the ATR index is at a very elevated level and the stock is dangerously close of falling below its major moving averages. Its ranking in our stock model continues to be poor (3,152 out of 3,514).
Key Leveraged ETFs:
Download our latest leveraged ETF model update as of 10/14/2011. Download the DAILY updated model here:ETFRanking_20111014
1. TBT – ProShares UltraShort 20+ Year Trea (ETF)
TBT has rallied over 20% since it bottomed at $17.99. However, with this rally the ETF has also dropped from a quntile 1 ranking to a quintile 3, ranking. The rally of TBT may be in trouble. All the SMAs are still in deep decline mode and ATR has been sustained during the decline. There is no indication of any trend changes coming.
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Some weakness today. Lets see if this continues into the week.
Nice picks, Tze.
Yea don’t expect anything good coming out of Europe. I think it’s likely going to be a terrible year for the stock market.