Berney; RE:" BKX.X - Bank Index "
>the Model uses only my FA and pays no attention to TA.
It's not designed to do anything but beat the Index.
By index, I assume you mean, the SPX-500 ? (or the OEX-100 ?)
PHLX:BKX.X 545 913 885 OK
weight 52wk: LO HI LAST TREND
10.00 NB 55 85 77 OK
9.36 CCI 102 182 160 over
8.13 BAC 52 96 86 OK
7.83 CMB 84 149 139 OK
5.52 ONE 36 65 58 under
5.40 FTU 39 62 62 over
4.85 NOB 22 43 41 under
4.68 WFC 245 384 375 over
4.67 USB 71 130 127 OK
3.88 FCN 51 101 93 OK
3.71 BK 35 67 64 OK
3.25 JPM 95 148 140 OK
3.10 FLT 57 90 86 OK
2.78 WAMU 45 76 69 under
2.77 PNC 38 66 60 OK
2.73 WB 54 90 86 OK
2.63 MEL 38 73 69 over
2.55 STI 47 82 80 over
2.54 KEY 24 44 40 over
2.31 BKB 65 116 110 under
2.28 NCC 45 77 73 under
1.84 BT 76 136 133 over
1.65 CMA 36 73 67 busted
1.56 SUB 29 53 50 none
Here is the Banking Index - most stocks follow the trend
of the index fairly closely. Right now, the index's trend has sold on
down to its UpTrend line - so, if the trend continues - this would be
a good place to move some capital there. I prefer simply buying BKX.X
rather than any single stock: today, for example the typical
component was down -1%, whereas the index was down only -0.5%
(three or four stocks were positive). The ones with interesting daily
candlesticks right now are NB CCI CMB USB BK JPM FLT WB MEL.
If you have F/A ratings on the stocks in this index, please cut
this list and then repost it with your ratings, Berney.
I would like to measure the BerneyRating {grin} for the entire
BKX.X index, given these known index weights. It would be some
work, but we could then compare it to, say - XBD.X BrokerDealers, or
DRG.X BigDrugz, for example: 'beating the index', to me - means that
the stock beat the sector index that it is a component of. What
we want to know is what sectors will beat the S&P-500 index.
The TYX.X 30-Y Treasury Index is at 5.95 today...
and it's rising fast (with drop in the USD; and GOX.X shot up) which
does not bode well for BKX.X as capital is their raw materials cost.
That being said, they are sitting on their UpTrend Lines, and
mechanically speaking, they are where DRG.X was a couple of days ago.
-Steve |
