[CANSLIM] Worley's Weekend Weeview

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: [CANSLIM] Worley's Weekend Weeview
Date: Sat, 6 Jul 2002 15:31:28 -0400
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ECONOMICS
ISM's index of manufacturing activity not only blew past expectations, =
it posted a bigger gain than in May to 56.2 rather than slipping to 55.5 =
as expected. Fifth month in a row of expansion. Virtually every =
component of the index was up strongly. Noteworthy was the employment =
index, which barely missed crossing into expansion territory.

Construction spending fell 0.7%, expectations were for a 0.2% rise. =
Level of spending is still higher than at any time in 2001 after earlier =
big jumps.
New unemployment claims continue to fall, this time below expectations, =
and mark the fifth straight week under 400K. The four week average is =
the best in three months.

OECD's (Organization for Economic Cooperation and Development) economic =
indicator moved up for the seventh straight month. Biggest single gainer =
was Britain, up 1.1. Among the Euro countries, Germany was strongest =
gaining 0.6. USA gained 0.2 after losing ground last month.

As expected, overall unemployment edged up to 5.9% while the increase of =
36,000 new jobs fell well under expectations of 75K. The gain of 36K was =
ahead of the downwardly revised 24K for May. Still, the figures continue =
to improve over first quarter, when there continued to be a small loss =
of jobs.

- -------------------------------------------------------------------------=
- -------

WORLEY'S WATCHLIST WANNABES
This list is in no way intended to recommend any stocks to the group. It =
is a part of my regular assessment of the health of CANSLIM's "M" and, =
as the name implies, only intended to identify some stocks with =
constructive chart patterns that may be worth WATCHING (and of course =
doing your own due diligence). I am employed in Operations by a US =
Broker Dealer, however everything presented by me is strictly my own =
ideas and in no way should be taken to reflect the views or opinions of =
my employer.

I typically list stocks with both RS and EPS ranking of 80 or better, =
and try to exclude stocks undergoing any merger / acquisition / buyout =
scenario. I no longer will look at earnings forecast for this year and =
next due the confusing data presented by DGO. I do no other due =
diligence, that is your responsibility. I will note any CANSLIM patterns =
I see, such as c&h, double (or triple) bottoms, or flat bases (shown as =
Bx where "x" is the # of weeks, IMO). I will also note LLUR (Lower Left =
Upper Right) even though it is not exactly a CANSLIM pattern.

The population of stocks I am reviewing this weekend appears stable from =
last week.=20

ALV - strange c&h??
AMZ - b/o (low volume) failed, back to pivot
APOL - c&h
APSG - B4, in my VR fund, small cap
BY - teacup and handle
CHBS - 8+ week consolidation, held up well
COCO - B2
CPS - within pivot point
CTSH - nice recovery, nice volume on Friday (75% of ADV)
DOCC - B2, low priced microcap, owned and VR fund
ELK - base on base after a nice double bottom
FNLY - B8-, tight base
INTU - new high on Friday on 67% of ADV, holding the b/o from a c&h
JILL - B4
JJSF - b/o failed on volume, back under original pivot
KBH - nice 9 week consolidation on a home builder
LABS - LLUR becoming volatile
LEN - high handle on a flat cup, homebuilder
LTD - B5
MDC - c&h
MEDW - B2+, in my VR Fund
SSNC - correcting, holding above the base, microcap, in my VR Fund

Happy Hunting,


Tom Worley
stkguru@bellsouth.net
AIM: TexWorley

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<DIV><FONT face=3DArial><STRONG>ECONOMICS</STRONG></FONT></DIV>
<DIV><FONT face=3DArial>ISM's index of manufacturing activity not only =
blew past=20
expectations, it posted a bigger gain than in May to 56.2 rather than =
slipping=20
to 55.5 as expected. Fifth month in a row of expansion. Virtually every=20
component of the index was up strongly. Noteworthy was the employment =
index,=20
which barely missed crossing into expansion territory.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Construction spending fell 0.7%, expectations =
were for a=20
0.2% rise. Level of spending is still higher than at any time in 2001 =
after=20
earlier big jumps.</FONT></DIV>
<DIV><FONT face=3DArial>New unemployment claims continue to fall, this =
time below=20
expectations, and mark the fifth straight week under 400K. The four week =
average=20
is the best in three months.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>OECD's (Organization for Economic Cooperation =
and=20
Development) economic indicator moved up for the seventh straight month. =
Biggest=20
single gainer was Britain, up 1.1. Among the Euro countries, Germany was =

strongest gaining 0.6. USA gained 0.2 after losing ground last=20
month.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>As expected, overall unemployment edged up to =
5.9% while=20
the increase of 36,000 new jobs fell well under expectations of 75K. The =
gain of=20
36K was ahead of the downwardly revised 24K for May. Still, the figures =
continue=20
to improve over first quarter, when there continued to be a small loss =
of=20
jobs.</FONT></DIV>
<DIV><FONT face=3DArial>
<HR>

<DIV><FONT face=3DArial><STRONG>WORLEY'S WATCHLIST =
WANNABES</STRONG></FONT></DIV>
<DIV><FONT face=3DArial>This list is in no way intended to recommend any =
stocks to=20
the group. It is a part of my regular assessment of the health of =
CANSLIM's "M"=20
and, as the name implies, only intended to identify some stocks with=20
constructive chart patterns that may be worth WATCHING (and of course =
doing your=20
own due diligence). <FONT color=3D#0000ff><STRONG><EM>I am employed in =
Operations=20
by a US Broker Dealer, however everything presented by me is strictly my =
own=20
ideas and in no way should be taken to reflect the views or opinions of =
my=20
employer.</EM></STRONG></FONT></FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>I typically list stocks with both RS and EPS =
ranking of 80=20
or better, and try to exclude stocks undergoing any merger / acquisition =
/=20
buyout scenario. I&nbsp;no longer will look at&nbsp;earnings forecast =
for this=20
year and next due the confusing data presented by DGO. I do no other due =

diligence, that is your responsibility. I will note any CANSLIM patterns =
I see,=20
such as c&amp;h, double (or triple) bottoms, or flat bases (shown as Bx =
where=20
"x" is the # of weeks, IMO). I will also note LLUR (Lower Left Upper =
Right) even=20
though it is not exactly a CANSLIM pattern.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>The population of stocks I am reviewing this =
weekend=20
appears stable from last week. </FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV>ALV - strange c&amp;h??</DIV>
<DIV>AMZ - b/o (low volume) failed, back to pivot</DIV>
<DIV>APOL - c&amp;h</DIV>
<DIV>APSG - B4, in my VR fund, small cap</DIV>
<DIV>BY - teacup and handle</DIV>
<DIV>CHBS - 8+ week consolidation, held up well</DIV>
<DIV>COCO - B2</DIV>
<DIV>CPS - within pivot point</DIV>
<DIV>CTSH - nice recovery, nice volume on Friday (75% of ADV)</DIV>
<DIV>DOCC - B2, low priced microcap, owned and VR fund</DIV>
<DIV>ELK - base on base after a nice double bottom</DIV>
<DIV>FNLY - B8-, tight base</DIV>
<DIV>INTU - new high on Friday on 67% of ADV, holding the b/o from a=20
c&amp;h</DIV>
<DIV>JILL - B4</DIV>
<DIV>JJSF - b/o failed on volume, back under original pivot</DIV>
<DIV>KBH - nice 9 week consolidation on a home builder</DIV>
<DIV>LABS - LLUR becoming volatile</DIV>
<DIV>LEN - high handle on a flat cup, homebuilder</DIV>
<DIV>LTD - B5</DIV>
<DIV>MDC - c&amp;h</DIV>
<DIV>MEDW - B2+, in my VR Fund</DIV>
<DIV>SSNC - correcting, holding above the base, microcap, in my VR =
Fund</DIV>
<DIV>&nbsp;</DIV>
<DIV>Happy Hunting,</DIV></FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial></FONT><IMG alt=3D"" hspace=3D0=20
src=3D"cid:01b701c22523$b98ec5e0$6501a8c0@TOMSBOX" align=3Dbaseline =
border=3D0></DIV>
<DIV><FONT face=3DArial>Tom Worley<BR></FONT><A=20
href=3D"mailto:stkguru@bellsouth.net"><FONT=20
face=3DArial>stkguru@bellsouth.net</FONT></A><BR><FONT face=3DArial>AIM: =

TexWorley</FONT></DIV></BODY></HTML>

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