[CANSLIM] Worley's Weekend Weeview

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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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

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<STYLE></STYLE>
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<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>&nbsp;</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>&nbsp;</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>&nbsp;</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>&nbsp;</DIV>
<DIV><FONT face=3DArial>University of Michigan's Consumer Sentiment=20
Index&nbsp;fell sharply&nbsp;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>&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 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>&nbsp;</DIV>
<DIV>ACMR - C&amp;H</DIV>
<DIV>APOL - C&amp;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 &amp; handle</DIV>
<DIV>THO - 8 week consolidation</DIV>
<DIV>VIBC - C&amp;H</DIV>
<DIV>WSFS - B4</DIV>
<DIV>&nbsp;</DIV>
<DIV>Good luck, keep your capital safe, and keep watching</DIV>
<DIV>&nbsp;</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>

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