Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: [CANSLIM] Worley's Weekend Weeview
Date: Sat, 13 Jul 2002 12:50:11 -0400
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This is a multi-part message in MIME format. - ------=_NextPart_000_00DC_01C22A6B.D353B1A0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_00DD_01C22A6B.D353B1A0" - ------=_NextPart_001_00DD_01C22A6B.D353B1A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable ECONOMICS Wholesale inventories rose 0.1%, first rise in a year and above = expectations of a 0.2% decline, as sales fell. Sales of cars and = non-durable goods were the biggest culprits. Goldman Sachs now expects the first hike in Fed rates won't occur until = the second half of 2003, a big shift from their earlier forecast of Nov = 2002.=20 New unemployment claims spiked 16,000 to over 400K, up to 403,000 and = above expectations of 390,000. The 4 week moving average rose to 395K = from 393K. PPI (Producer Price Index) also exceeded expectations, rising 0.1% = overall and 0.2% on the core rate, both a tenth of a percent higher than = expectations.=20 University of Michigan's Consumer Sentiment Index fell sharply to 86.5 = from 92.4 despite expectations for a rise to 93. the "expectations" = component also fell sharply to 78.5 from 87.9. However, June retail = sales rose more than expected, up 1.1% against expectations of 0.7%. = Without cars, retail sales were only up 0.4% and a rise of 0.5% on the = core rate was expected. Go figure. - -------------------------------------------------------------------------= - ------- 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 fell sharply, = smallest in many months. On several days this past week, I didn't even = bother printing my daily screen as there was nothing of interest to me = on it. ACMR - C&H APOL - C&H ASL - double bottom, at pivot FESX - B4 FNLY - B9, impressive base IBKC - base on base INTU - high handle on an 8 month long cup formation ITLA - saucer LBAI - B3 OZRK - weak b/o (good volume, but closed at low end) on Friday from a B6 PGC - 12 week saucer SCHN - flat cup & handle THO - 8 week consolidation VIBC - C&H WSFS - B4 Good luck, keep your capital safe, and keep watching Tom Worley stkguru@bellsouth.net AIM: TexWorley - ------=_NextPart_001_00DD_01C22A6B.D353B1A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial>ECONOMICS</FONT></DIV> <DIV><FONT face=3DArial>Wholesale inventories rose 0.1%, first rise in a = year and=20 above expectations of a 0.2% decline, as sales fell. Sales of cars and=20 non-durable goods were the biggest culprits.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Goldman Sachs now expects the first hike in Fed = rates=20 won't occur until the second half of 2003, a big shift from their = earlier=20 forecast of Nov 2002. </FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>New unemployment claims spiked 16,000 to over = 400K, up to=20 403,000 and above expectations of 390,000. The 4 week moving average = rose to=20 395K from 393K.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>PPI (Producer Price Index) also exceeded = expectations,=20 rising 0.1% overall and 0.2% on the core rate, both a tenth of a percent = higher=20 than expectations. </FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>University of Michigan's Consumer Sentiment=20 Index fell sharply to 86.5 from 92.4 despite expectations for = a rise=20 to 93. the "expectations" component also fell sharply to 78.5 from 87.9. = However, June retail sales rose more than expected, up 1.1% against = expectations=20 of 0.7%. Without cars, retail sales were only up 0.4% and a rise of 0.5% = on the=20 core rate was expected. Go figure.</FONT></DIV> <DIV><FONT face=3DArial></FONT><FONT face=3DArial> <DIV><FONT face=3DArial><STRONG> <HR> 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> </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 no longer will look at 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&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> </DIV> <DIV><FONT face=3DArial>The population of stocks I am reviewing this = weekend fell=20 sharply, smallest in many months. On several days this past week, I = didn't even=20 bother printing my daily screen as there was nothing of interest to me = on=20 it.</FONT></DIV> <DIV> </DIV> <DIV>ACMR - C&H</DIV> <DIV>APOL - C&H</DIV> <DIV>ASL - double bottom, at pivot</DIV> <DIV>FESX - B4</DIV> <DIV>FNLY - B9, impressive base</DIV> <DIV>IBKC - base on base</DIV> <DIV>INTU - high handle on an 8 month long cup formation</DIV> <DIV>ITLA - saucer</DIV> <DIV>LBAI - B3</DIV> <DIV>OZRK - weak b/o (good volume, but closed at low end) on Friday from = a=20 B6</DIV> <DIV>PGC - 12 week saucer</DIV> <DIV>SCHN - flat cup & handle</DIV> <DIV>THO - 8 week consolidation</DIV> <DIV>VIBC - C&H</DIV> <DIV>WSFS - B4</DIV> <DIV> </DIV> <DIV>Good luck, keep your capital safe, and keep watching</DIV> <DIV> </DIV> <DIV><IMG alt=3D"" hspace=3D0 = src=3D"cid:00db01c22a8d$5a54afd0$6501a8c0@TOMSBOX"=20 align=3Dbaseline border=3D0></DIV></FONT></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> - ------=_NextPart_001_00DD_01C22A6B.D353B1A0-- - ------=_NextPart_000_00DC_01C22A6B.D353B1A0 Content-Type: image/gif; name="USflag.gif" Content-Transfer-Encoding: base64 Content-ID: <00db01c22a8d$5a54afd0$6501a8c0@TOMSBOX> R0lGODdhSwBLAPcAAP//////zP/M///MzP/Mmf+ZzP+Zmf+ZZv9mmf9mZsz//8z/zMzM/8zMzMzM mcyZzMyZmcyZZsxmmcxmZsxmM8xmAMwzmcwzZswzM8wzAMwAZswAM8wAAJnM/5nMzJnMmZmZzJmZ mZmZZplmmZlmZplmM5lmAJkzZpkzM5kzAJkAZpkAM5kAAGaZzGaZmWaZZmZmzGZmmWZmZmZmM2Zm AGYzZmYzM2YzAGYAM2YAADOZzDOZmTNmzDNmmTNmZjNmMzMzmTMzZjMzMzMzADMAZjMAMzMAAABm mQBmZgAzmQAzZgAzMwAAZgAAM7sAAKoAAIgAAHcAAFUAAEQAACIAABEAAAAiAAARAP///wAAVQAA RAAAIgAAEe7u7t3d3bu7u6qqqoiIiHd3d1VVVURERCIiIhEREQAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAACH5BAAAAAAALAAAAABLAEsA QAj/ALEIHEiwoMGDCBMqXMhwyA0TJlIwnEixokUsD00MYbhkiZKPF0OKzDgkxsceH5Wg7JGkBcog HYN8TOLBC8skSXp0aXBkBZQoOXLgWIHigtELE5KSqEFmTIgGAKJK7ULVSwMZB0n2QKnEBc6tSmQG 8aGyJYicOEG0+BhkLJgGXaTKlepFjBkSEAroLfDgwYC/gL9gRUhyxQoWP3NEiQKFheHHjzdIZhFl CpUpUCCveML5SeQNLKZMYSFZMuTSPqdUyaGQpBgxIcB8mf3lAe0GuL1Q7fJlTBUpjjU/RoECg3EU Un47Lo3apxQjRqQ0NswiYUYjixcHzQ6lOwsWnKGo/xZJfuL18ujTF7yRwoQR9fDjy59fsYrDGzfo 62eoVWVKsjL1AIILRxzx0RJCeOTBTUokAUIDMSSxwgaHRSGFaDk0xhlklF04hRSKZZddDlJkBdEQ PpDlg0llscSiR0qE0MMRaTWQBI009eBDGLHpNldUO4VRBhlgxPWjXF2EQdiJWzGohA8yncQSjUe0 0AJOOQXRxBJBCDGhaaeh9tyXzJVpGhWtnbgCDttNJ9xnFEpBBXaafffdhhP6RAVwZqL2RGVV0LmC dSc+5YVVDdCm6BcN/NVACGQIIQYEBkBgKQR9MdroAA2AIYMZVORgGHObQfFcdNOV9sR7S7q336uE tf/HKqy01mrrrbgSVAV7EJmQX676kQTsfiThlFJYXKWUkwdKLLHFFlsSdKwSi3Vn4azBnnhSW1Km RCNKS2wZQoM5eXEWlknA1WkYYoQBxqFecJqopSTYgMNQZJK6AmsG9TcWWSqBsNURXCX4kU1Y9gDA uUkosZQNNhBn3MQYGGbqnFGQ1qdpUFRhokZckcWVC2E1e5ISNLog8I0trdWsYlB41udmUVBBRRRP 6JvvYR5/PERXKoEF5Vgl99DCty3TmGJHS6BwQlJJHSX1BShQYcOlWGcNgQQkpKnRblaBEcLYb+nW hQAC7FbVF2GMQYYMEGwqL26bxjtACGaM8AVgfPf/DQEZC5HUwAMhhMFj2WqrPZVgQsjwhZFgm20k AF3gHQLf8Ka99hhm2NA1oRoFJRRxpJceJgo2FFFGGF5Q3sWhdNMN2N9lFHkk5V6EMIYQTmkK+hBS MGZnd8R7Bx51yU2BAtRGlY6CZjhUIcS7P+7k6dtPTT6Yz28OR9wJSFGtGp8UPuaZZ9RdfFmIIqp3 3rD0vQ+/fPLPDx+v2NqfHnsp5K///wAMoAAHaJD7EFAku+qVrw54EYdAJAUbYaBFhCXBCZ6oghbU yLQ2qKyGKWELBySJy1LiAjCQTFkt8IISmlCGJpDLWOT6yJcOk4MpGOFD/KKftnrwBTAALCU8PMtH /3zQkY+sbGQtiNADrAKBetlLQ3WCQg1BlJnmbIYyPhvXsXwgG5RgKQQ+aEKCgoCWnNxkRkkIAQTY 1a63JO51nZLBGMRAvSO9Tkn90pYSYiC2aekEBM0SgsEi1KSWfAUlKwAKzIIDmSdIETpSWAHFzGQY /2HkRF9I1kdc0IArDXEMHnHBjAqklhnNyCU+GFsIvtC66nkBDGQogw2eBjUJ2FICWPtcHjX4kVWe sGElNFkYZtICD+CoSkJUQhGGUpypSQ11ZhjDEgUwALv1rQB/a9UQeqjJFHIlCGKYiQeuhJMjjNOD RGQmxdaJARREDzNk0gxqovA7IJrLgzEiIU+w5P8BYzYsBkRcghjgcjupNMBtXyioXLwAOG26oAvk /AgYWKSEL5AzJ11gWAxc0BEiZqZ7qMlBFaIQzzBJ5gkl+p3ZrNJDVTJKcm+MY1PC0ICVwutQavsC GQaaOJyqzQt4/B2YErkYk1JyBacSVfc+sy8qQEFnO4vCb7w2hMfgYDH4elOZ1mSEIthgAreEmljF eoK77K1vgNFLE8tQhhBQ9ZWF4xGmFjUbuQ3gCyQQQufA50ykjHUCNjBCvmaWAyr8BgpUVeQi7cTY 4+VJPFWYwgyXmieR1gCXWrtlvdgqg7L97jWxqSm8YufTqAC1DGN4lwBuetOfhoCtRelr83AAnQyt oe93bMrY8IgnTwpFwQihyhN17ISnChlWVOw8Dg6K4FW8YA23ziMOZBrjWPGYQQytdN3r4LWbR8Wy s3a9axNtUAavSmxilhQISWQzmweAgb11rSlVANAAu9CpfIZBn2Z+G9mM7YwFOQBudEJEPMv8brfF I96daGizKbBPsSICioFhRUGFgCgoFawfBgMHkfRueJce/jBBNCzirMiqxIE7MYqto+IVm7h/LiZI QAAAOw== - ------=_NextPart_000_00DC_01C22A6B.D353B1A0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". 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