From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1049 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Sunday, November 19 2000 Volume 02 : Number 1049 In this issue: [CANSLIM] Vanguard Economic Week in review [CANSLIM] DGO List [CANSLIM] December leaders ---------------------------------------------------------------------- Date: Sat, 18 Nov 2000 10:43:02 -0800 From: han.26@osu.edu Subject: [CANSLIM] Vanguard Economic Week in review The most recent Economic Week in Review can be found below. The report is best viewed by setting your browser to a mono-spaced font such as 10-point Courier. (AOL Users: Because the AOL default browser's font cannot be set, the report's table may be difficult to read. For best viewing, click on the Economic Week in Review from Vanguard's homepage at http://www.vanguard.com) Economic Week in Review: November 13-17, 2000 It was a week of mixed messages. The Federal Reserve Board's Open Market Committee left interest rates unchanged, but said inflation is still a danger. Statistical reports showed that the economy seems to be heading for a soft landing, but continued election anxiety in Florida made for a bumpy ride on Wall Street. After a volatile week, the S&P 500 Index closed at 1,368, up 0.2%, while the technology-dominated Nasdaq Composite(r) Index fell 0.1%. The yield of the 10-year U.S. Treasury note fell 10 basis points to 5.69% (as of 4:30 p.m. Friday). The Consumer Price Index inched up 0.2% in October--a rise that was less than half September's gain. Decreases in the cost of gasoline and airline fares were not enough to offset a rise in the prices of natural gas, medical care, and clothing. Energy prices, which had retreated 3.8% in September, rose 0.2% last month. Since January, the CPI has risen at an annual rate of 3.6%, considerably above the 2.7% rate recorded for the 1999 calendar year. The "core" CPI, which excludes the volatile food and energy sectors, also increased 0.2% in October, resulting in a 2.5% annual rate. On another consumer front, retail sales grew by a scant 0.1% in October, just above expectations. Sales of durable goods (items that are expected to last at least three years) slid 0.5%, due in part to a slowdown in vehicle sales. Higher interest rates, rising energy prices, and weak stock market performance seem to be keeping consumer spending in check. Housing starts crept up 0.1% in October, remaining near an annual rate of 1.53 million units. While starts haven't fluctuated much this fall, they are well below last fall's pace. However, building permits rose a solid 1.3% in October, in part as a result of recently declining mortgage rates. Industrial production, which measures output at U.S. factories, utilities, and mines, fell 0.1% in October. The decline follows increases in August (revised upward to +0.5%) and September (revised upward to +0.4%). Production was weakest in the consumer goods group, which dropped 0.4% and canceled out its September gain. Business inventories grew 0.1% in September, the smallest monthly increase in nearly two years. Total business sales rose 0.4%, and the inventories/sales ratio returned to 1.33 after rising to 1.34 in August--it's now just above its record low. Initial claims for unemployment insurance for the week ended November 11 fell to 326,000 from a revised 346,000 a week earlier, the Labor Department said. The four-week moving average, which smooths out weekly fluctuations, was 322,000, up for the fourth consecutive week. Analysts saw these numbers as further evidence that the U.S. economy is continuing to slow. The only key economic report scheduled for Thanksgiving week is international trade, due on Tuesday. Summary of Major Economic Reports: November 13-17, 2000 - ----------------------------------------------------------------------- |Date Report Actual Expected 10-Year S&P 500 | | Value Value Note Yield Index | |--------------------------------------------------------------------- | |November 13 -3 bp -1.1% | |--------------------------------------------------------------------- | |November 14 | | Retail Sales +0.1% -0.1% -2 bp +2.3% | | (October) | |--------------------------------------------------------------------- | |November 15Business +0.1% +0.3% | | Inventories | | | |--------------------------------------------------------------------- | | Industrial -0.1% +0.3% | | Production | | (October) | |--------------------------------------------------------------------- | | FOMC meeting -4 bp +0.5% | | ends with | | no change | | in short-term | | interest | | rates. | |--------------------------------------------------------------------- | |November 16 | | Initial Jobless 326,000 315,000 | | Claims | | (11/11) | |--------------------------------------------------------------------- | | Consumer +0.2% +0.2% | | Price Index | | (October) | |--------------------------------------------------------------------- | | CPI, except +0.2% +0.2% -4 bp -1.3% | | food and | | energy (October) | |--------------------------------------------------------------------- | |November 17 | | Housing Starts 1.53 1.54 | | (October, million million +3 bp -0.3% | | annualized) | |--------------------------------------------------------------------- | | Weekly -10 bp +0.2% | | Change | - ----------------------------------------------------------------------- bp = basis points. Note: The economic statistics presented in this report are subject to revision by the agencies that issue them. "Standard & Poor's(r)," "S&P(r)," "S&P 500(r)," "Standard & Poor's 500," and "500" are trademarks of The McGraw-Hill Companies, Inc. (c) 2000 Vanguard Marketing Corporation, Distributor - - ------------------------------ Date: Sat, 18 Nov 2000 17:34:40 -0500 From: "Tom Worley" Subject: [CANSLIM] DGO List A total of 219 made the overall list this week, down from 250 last week, and from 251 the week prior. Before that it was 201, 176, and 153. As always, my shorthand is Bx where "B" means base, and "x" is the number of weeks, IMO. DFXI - B4 MAPS - B2 IFIN - B3 FRX - B4 CEFT - B3 PAYX - B4 OCA - B3 FII - B3 EDMC - B3 KP - B6 RYL - B2 PATH - B4 TOL - B2 LUV - B3 ZQK - b/o from 1 week base, approaching pivot FED - B3 ACS - B3 NFS - B3 AZA - B2 ACL - B3 DORL - B3 GBCB - one week handle on the cup HAVN - B3 MHO - B2 AMFH - B2 CORS - b/o from B5 failing TGIC - B4 FTS - B2 ATK - B2 HIG - B3 GPT - B3 PNN - B3 TCB - B3 ING - B2 PDM - long base trending up, small cap, small float, huge vol on Thursday, AMEX EXC - volatile B7 OKE - two week handle on shallow cup MFSF - B5, another small cap KAMNA - three week handle on the cup AIG - B3 SGP - B3+ ICBC - B7 CHDN - B3 KMP - B7 SSP - B4 BWE - B2 MAFB - B3 Tom Worley stkguru@netside.net ICQ # 5568838 - - ------------------------------ Date: Sun, 19 Nov 2000 16:30:22 -0600 From: Kent Norman Subject: [CANSLIM] December leaders What do you think? I heard that historically, the groups that emerge as leaders in December are the main leaders of the winter rally. Thanks Kent - - ------------------------------ End of canslim-digest V2 #1049 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.