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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject	9/21/2001 12:07:46 AM
From: Sam Raven	of 1567

The complete watchlist and commentary prior to the open today... September 20, 2001 (Watchlist Below) The trade deficit shrank slightly in July, a reflection of the weak economic conditions around the world. Crude oil inventory dropped slightly, but remains above 300 million barrels. However, gasoline inventory continues to decline. It is possible that we will see a drop in demand over the near future that could limit price increases. The National Association of Home Builders Housing Market Index dropped significantly, and is close to the low in January. Housing should now become one of the more important indictors of the economy. More data is released today (8:30 AM ET) with the New Residential Construction figures for August. Weekly Jobless Claims is released at 8:30 AM ET. The 4-week moving average stands at 411 thousand. We should see this spiking higher in coming weeks. The Philadelphia Fed Survey for September is released at 12:00 noon. After the close Tenet Healthcare (THC) issued an upside pre-announcement. A couple of home builders, KB Home (KBH) and Lennar (LEN) release earnings before the open today. Biomet (BMET) also releases before the open. Liberate Technology (LBRT) releases after the close. Please note that we have LBRT on the list today. Jabil Circuit (JBL), Nike (NKE) and Palm (PALM) also report earnings after the close. The rally during the last hour yesterday was a good sign, but it is hard to expect a lot when the market continues to make lower lows and lower closes. A change in either of those would be good, and maybe today since the low was set in panic. Nevertheless, the internals continue south. The screened stock ratio is very negative at 25.5 to 4.1 favoring selling. Market risk remains high. The sell side of the ratio is down at the maximum our screening displays. This shows that down-trending stocks are getting the volume. "Lite" mode is still the safest position. Beverages, select communication and medical equipment were strong. Below is the watchlist for September 20, 2001. The alert price is approximately 20 cents above the previous days high, depending on the recent movements. This alerts us to the potential movement of the stock. For more information see the Strategies link. Double click on the symbol to view a current graph. Good Trading!!! Daily Watchlist Symbol----alert price----sector ACS 87.2 Computer Services COTT 14.9 Beverages AJG 32.01 Insurance (Miscellaneous) DBD 36.01 Office Equipment AOT 25.01 Medical Equipment & Supplies FHCC 27.9 Insurance (Miscellaneous) ATK 79.01 Aerospace & Defense GD 83.6 Aerospace & Defense FE 33.6 Electric Utilities HRS 29.21 Communications Equipment HSIC 38.13 Medical Equipment & Supplies ILUM 35.3 Communications Services LBRT 12.8 Software & Programming PBG 45.7 Beverages LLL 83.2 Communications Equipment PDCO 35.3 Medical Equipment & Supplies PEP 49.8 Beverages PSA 33.8 Real Estate Operations RA 24.35 Real Estate Operations ROST 27.2 Retail (Apparel) Sam savvy-trader.com

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