Review - W & L for Week of 8/13/04
4 September 2004Winners Review
SYMBOL - Close 8/13/04 - Close 9/3/04 - [Period High] - (Gain or Loss, %)
CACC - 18.04 - 18.41 - [19.75] - (+2%)
HRT - 11.80 - 15.85 - [15.90] - (+34.3%)
MICU - 12.71 - 14.92 - [15.50] - (+17.3%)
STMP - 11.59 - 16.65 - [17.63] - (+43.6%)
Losers Review
SYMBOL - Close 8/13/04 - Close 9/3/04 - [Period Low] - (Gain or Loss, %)
CYD - 10.10 - 11.80 - [9.85] - (+16.8%)
CYBX - 14.15 - 16.70 - [13.08] - (+18%) *
QLTY - 5.67 - 6.78 - [4.50] - (+19.5%) *
PRTR - 9.81 - 9.95 - [9.60] - (+1.4%)
VXGNE - 9.25 - 10.00 - [9.35] - (+8.1%)**
*CYBX and QLTY had sudden big price drops.
**VXGNE is now VXGN.pk
Rules for trading Weekly Winners.
1. Weekly winners tend to gain more during the next 1-4 weeks.
2. Look for an opportunity to get in, setting appropriate stops.
Rules for trading Weekly Losers
1. Weekly losers tend to regroup and rally back to support or a moving average line.
2. Look for support to go long, setting appropriate stops.
3. Short with weakness after a rally up to support or underside of a moving average line.
Volatility Trend
SYMBOL - Close 8/13/04 - Close 8/20/04 - Close 8/27/04 - Close 9/3/04
^VIX - 17.98 - 16.00 - 14.71 - 13.91 (falling)
^VXO - 18.77 - 16.30 - 14.79 - 13.91 (falling)
^VXN - 27.46 - 23.06 - 21.27 - 21.06 (falling)
NOTE
1. ^VIX is based on prices of S&P 500 (SPX) options.
2. ^VXO is based on prices of S&P 100 (OEX) options.
3. ^VXN is based on prices of Nasdaq 100 (NDX) options.
4. Falling trends usually indicate a rising market.
5. Rising trends usually indicate a falling market.
6. ^VIX and ^VXO in the vicinity of 14 has been associated with intermediate tops in recent history.
7. ^VXN in the vicinity of 20 has been associated with intermediate tops in recent history.
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