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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (36929)	5/2/2002 11:00:10 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67751

5:35PM Investors add $2.8 bln to stock funds in latest week by Craig Tolliver Stock mutual funds had inflows of $2.8 bln in the latest week, compared to outflows of $6.1 bln the week before, Trim Tabs reported Thursday. Over the five-day period ended Wednesday, equity funds that invest primarily in U.S. stocks had inflows of $1.9 bln, vs. outflows of $3.3 bln the prior week. International equity funds had inflows of $900 mln, compared with outflows of $2.8 bln the previous week, according to the Santa Rosa, Calif.-based flow tracker. Trim Tabs tracks the daily flows of ninety fund families, representing about 15% of all equity fund assets, to arrive at its weekly estimates. 3:20PM Recovery "feels" like a typical one: Adams by Julie Rannazzisi Patrick Adams, who manages the Choice Long-Short Fund, believes the economic recovery under way has the "feel" of a typical one. "All pickups will be spotty in nature and won't affect every sector in the same way. I think there's too much focus on every little wiggle [in the data] right now," Adams said. He's confident the economy is on the right track and points to improvements in semiconductor demand. Adams' purchases are clustered within economy-sensitive groups like the financials and consumer cyclicals while many of his shorts have been in the biotech and big-cap pharmaceutical groups. 2:18PM Dollar slump could spell disaster for stocks:Paulenoff by Julie Rannazzisi Michael Paulenoff, co-founder of 2Mstrategies.com, said the dollar's recent fallout against the euro could soon create a difficult situation for equities. He feels that once the euro climbs above 91 cents to the dollar -- euro/dollar was recently trading at 90.21 cents -- the pain of owning U.S. securities will become unbearable for European investors. Any stock dumping would have the harshest effect on liquid, big-cap names -- which foreigners tend to concentrate on. Another big question mark for stocks is the timing and magnitude of a rebound in capital spending. Uncertainty over when a turnaround will occur has rendered tech investors gunshy. Paulenoff said capital spending will need to pick up soon since consumers can only hold up demand for so long without the participation of corporate America.