P&F125-basic study. Action #37.
MCK replaces HBOC in the S&P500.
MRK,AEP,CG,CL,CPL,D,ED,LLY,NCE,PE,SLE & SO had RS reverse to O's.
MRK,CL & NCE were in the standby group. The number of S&P 500
stocks that have both a positive trend and RS in X drops from
210 to 198. 210 is the high water mark so far. 115 (on 10/12/98)
is the low water mark so far. Note the weakness in the Drug
& Electric Utility sectors based on the above stocks reversing.
sell 1258 shares of AEP @ 47 5/16
sell 1347 shares of CG @ 55 1/16
sell 1778 shares of CPL @ 44 1/2
sell 1855 shares of D @ 44 7/8
sell 1606 shares of ED @ 51 1/8
sell 841 shares of LLY @ 76 1/2
sell 2344 shares of PE @ 38 13/16
sell 2976 shares of SLE @ 26
sell 2771 shares of OS @ 28 1/8
buy 2014 shares of DIS @ 38
buy 1472 shares of LEH @ 52
buy 1542 shares of UMG @ 49 5/8
buy 2489 shares of NAV @ 30 3/4
buy 1134 shares of MOT @ 67 1/2
buy 1128 shares of GP @ 67 7/8
buy 1300 shares of KSS @ 58 7/8
buy 951 shares of DELL @ 80 7/16
buy 1322 shares of CCU @ 57 7/8
Cash balance is $4
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