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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Rick Faurot who wrote (8076)	2/8/1999 8:37:00 PM
From: LastShadow	Respond to of 43080

Watch List and Funds: SYMBOL CLOSE CHANGE CHANGE % GMGC 6.125 0.781 14.61% DIMD 8.625 1 13.11% CYMI 28 2.875 11.44% AMAT 67.438 6.75 11.12% NMGC 14.188 1.188 9.14% CATP 32.125 1.687 5.54% IIT 13.625 0.375 2.83% HAL 31.813 0.813 2.62% NEM 19.813 0.5 2.59% RBK 16.063 0.188 1.18% IDTC 16.313 0.188 1.17% USW 61.875 -0.375 -0.60% PD 49.188 -0.625 -1.25% ADM 15.75 -0.25 -1.56% NMGC and HAL both have a nice reversal going for it. If retail sector is up tomorrow, both RBK and NKE will be up. CATP and IDTC are starting to look like they may want to level off. Well, actually, since GMGC was up and I bailed on NAVR I had a decent day. When I ran the net tonight is showed a short postion for NAVR, and the TA screens. Similarly both the trading strategies I use with the TA package said to bail and short it. I didn't short it, though. the one thing I noticed right off tonight on the position assessments I ran from the trading strategies was the high number of small cap stocks. This happens when traders are still in the market but not playing the mid and larger cap stocks. We haven't had a good small cap first quarter (the 'usual' season for it) since 96, so those stocks may be showing up on the watch list more often now. I do screen out most as some tend to be one-to-three day rises. lastshadow

To: Rick Faurot who wrote (8076)	2/8/1999 8:51:00 PM
From: LastShadow	Respond to of 43080

oops...forgot the Funds stuff... 71 of the 75 mutual fundswere down today, with the three bear funds (ProFunds Ultra Short andUltra Bear and Rydex's Ursa) up as well as one other interesting fund: Fidelity Select Energy. I say interesting beccuse when I saw that it was up I ran some analysis and found that since Nov 16, with the exception of 12/30-1/13, it has been running opposite the SPX. There are many reasons for this to be happening, but I wanted to point it out for 401k/IRA folks who may not be able to get into bear funds but acan access all of Fidelity's - worth keeping in mind. Fully one third of all 75 funds are out of the market per the trading strategy, including all of the top 10 performing funds. All bear Funds are long. Based on the after hours numbers I have seen, I may enter the ProFund UltraBear Fund (URPIX) tomorrow. Note that the fund price would need to be down (a NAV around 31.125 or less)and the market Up for a entry signal on a bear fund. A better fund might be the UltraShort (USPIX) but that is not available to me. lastshadow