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Strategies & Market Trends : Movers of the SPX

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To: fut_trade who wrote (9)3/7/2000 3:32:00 PM
From: fut_trade  Read Replies (1) of 20
 
Scan for long/short stocks in the S&P 400

Downward Momentum (SHORT)
LIT -0.87 1.31 2193
HSB -0.82 0.69 2625
NCBC -0.77 1.86 3650
IBC -0.76 0.83 5263
GPT -0.74 1.75 3876
HMN -0.74 0.56 4505
ARV -0.74 0.48 3367
SRP -0.70 1.11 4505
TSN -0.69 2.29 0
NCH -0.59 0.22 0
FBN -0.59 0.75 0
MXM -0.56 0.20 0
UVV -0.55 0.45 0
TRN -0.54 0.83 0
AFG -0.54 1.20 0

Upward Momentum (LONG)
CY 0.72 5.59 1332
QLGC 0.64 14.54 357
SBL 0.62 10.17 630
TQNT 0.51 4.44 529
CHRW 0.50 2.04 1261
ADTN 0.50 3.14 806
ALTR 0.46 19.25 665
MXIM 0.41 18.46 980
IDTI 0.41 4.22 0
RATL 0.39 6.36 0
ATML 0.39 11.21 0
SANM 0.38 7.29 0
IVX 0.38 4.24 0
HC 0.36 1.40 0
CRUS 0.32 1.57 0

Note: Market cap restricted to >200 million
Price for longs > 0.85*52wkhi, shorts < 1.15*52wklo
Column 2: momentum rating
Column 3: market cap in billions of USD
Column 4: # shares in a $500,000 portfolio

LIT HSB NCBC IBC GPT HMN ARV SRP TSN NCH FBN MXM UVV TRN AFG
CY QLGC SBL TQNT CHRW ADTN ALTR MXIM IDTI RATL ATML SANM IVX HC CRUS

The short portfolio woud be neutral today and the long
portfolio would be up strongly today. Depending on the
relative strength of the SPX to the S&P 400, longs can
be picked from the stronger index and shorts can be picked
from the weaker index. Shorts from the SPX and longs from
the S&P 400 would have been an optimal combination for today.
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