Happy Father's Day to all Great Dads!!!!
While at the checkout line at Albertson's Saturday I noticed a tabloid in the rack the cover of which screamed "Market to Crash like 1929!!!!!!" or some such headline. I scanned the "article" by a "Dr." Rillet (I think that was the author). She calls for massive layoffs and unemployment; the collapse of all communications media -- TV, print, internet, all down the tubes; a huge increase in the homeless; and rampant violence due to the lack of food and necessities, etc etc. All this by August 31st due to Y2k panic!! She probably moonlights on the BK thread! So after reading this, I figured it was OK to go long this coming week. So here, without further ado, is Sveltski's Sunday Stock Smorgasboard:
BOBJ -
iqc.com
resumed uptrend Friday on nearly 2x average volume. SB reit from Josephthal 6/18. Three upgrades in last several weeeks. Rated 94 for relative strength, A timeliness, A Accumulation by IBD and a buy by Zacks.
Also CPRT [92,A,A,Zack's strong buy] and our old friend, PLCM [97,A,A, Zack's Strong Buy]. MSFT broke out of a trading range on Friday and I nibbled a bit. The disconcerting bit of information here is that it showed negative money flow for the week, but that may have been due to weakness on Monday and Tuesday.
Rick's QCOM exploded Friday to a new 52 week high. Very strong [99,A,A, Zack's Strong Buy]. Also MVSN made a major move up on 4x average volume [95,A,B, Zack's Strong Buy]. DY looks like it emerged fromsix weeks of slumber.
For a small cap play, I like ITDS- very strong accumulation occurring:
iqc.com
For an earnings play, take a look at VRTY
iqc.com
Earnings are due 6/23. I may trade this Monday and Tuesday, but have no interest in holding thru the announcement (remember JBL) |
