Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: [CANSLIM] Worley's Weekend Weeview
Date: Sat, 27 Jul 2002 14:56:34 -0400
Previous Article (by Subject): Re: [CANSLIM] Follow Through Day "Donald Wallker"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format. - ------=_NextPart_000_0405_01C2357D.CCD1A270 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0406_01C2357D.CCD1A270" - ------=_NextPart_001_0406_01C2357D.CCD1A270 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable "M" Equity mutual funds, by two different reports, had net outflow of cash = exceeding $11 billion during the week of 7/15/02, worst week this year. = By comparison, Lipper reported that stock funds lost $13.8 billion = during the entire month of June, and that was the third largest outflow = ever. During that month, bond funds took in a net $18 billion. Congress passed the corporate governance bill, Presidential approval is = expected. And we saw the founder and sons of Adelphia taken away in = handcuffs, so there is hope for consequences for those that loot public = companies. And Worldcom execs are expected to be charged as well.=20 And DOW 30, NYSE Composite, and S&P500 all managed to break their nine = week losing streak. Naz and R2000 finished the week with relatively = small losses. - -------------------------------------------------------------------------= - ------- ECONOMICS Durable goods orders plunged 3.8% during June, expectations were for a = rise of 0.5%. One month does not make a trend, so hopefully this is not = a sign of consumer spending being affected by the fall in the markets. Existing home sales fell over 11% in June, while new home sales rose = 0.5%. Expectations were for unchanged on existing, and a small decline = on new home sales. The latter is a better indicator of sentiment for big = spending, as it is based on contracts rather than closing. New unemployment claims were expected to be essentially unchanged, = instead dropped to 362,000, lowest in 17 months. The 4 week moving = average fell to 384,500.=20 Next week is a busy one for economics followers, with the first report = of Q2 GDP, and the most important Unemployment report on Friday. - -------------------------------------------------------------------------= - ------- WORLEY'S WATCHLIST WANNABES=20 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 is so small it = almost is not worth reviewing, in line with the days of single and low = double digit nr of stocks hitting new highs. BLUD - LLUR CHCO - B4 CTSH - B2 or high handle, all on how you read the chart FCBP - interesting cup HBEK - B4 I won't even bother with my usual "happy hunting", this list is = pathetic!! Tom Worley stkguru@bellsouth.net AIM: TexWorley - ------=_NextPart_001_0406_01C2357D.CCD1A270 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><STRONG>"M"</STRONG></FONT></DIV> <DIV><FONT face=3DArial>Equity mutual funds, by two different reports, = had net=20 outflow of cash exceeding $11 billion during the week of 7/15/02, worst = week=20 this year. By comparison, Lipper reported that stock funds lost $13.8 = billion=20 during the entire month of June, and that was the third largest outflow = ever.=20 During that month, bond funds took in a net $18 = billion.<BR></FONT></DIV> <DIV><FONT face=3DArial>Congress passed the corporate governance bill,=20 Presidential approval is expected. And we saw the founder and sons of = Adelphia=20 taken away in handcuffs, so there is hope for consequences for those = that loot=20 public companies. And Worldcom execs are expected to be charged as well. = </FONT></DIV> <DIV><FONT face=3DArial>And DOW 30, NYSE Composite, and S&P500 all = managed to=20 break their nine week losing streak. Naz and R2000 finished the week = with=20 relatively small losses.</DIV> <DIV> <HR> </DIV></FONT> <DIV><FONT face=3DArial><STRONG>ECONOMICS</STRONG></FONT></DIV> <DIV><FONT face=3DArial>Durable goods orders plunged 3.8% during June,=20 expectations were for a rise of 0.5%. One month does not make a trend, = so=20 hopefully this is not a sign of consumer spending being affected by the = fall in=20 the markets.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Existing home sales fell over 11% in June, while = new home=20 sales rose 0.5%. Expectations were for unchanged on existing, and a = small=20 decline on new home sales. The latter is a better indicator of sentiment = for big=20 spending, as it is based on contracts rather than closing.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>New unemployment claims were expected to be = essentially=20 unchanged, instead dropped to 362,000, lowest in 17 months. The 4 week = moving=20 average fell to 384,500. </FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Next week is a busy one for economics followers, = with the=20 first report of Q2 GDP, and the most important Unemployment report on=20 Friday.</DIV> <DIV> <HR> </DIV></FONT> <DIV><FONT face=3DArial><STRONG>WORLEY'S WATCHLIST WANNABES</STRONG>=20 <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 is so=20 small it almost is not worth reviewing, in line with the days of single = and low=20 double digit nr of stocks hitting new highs.</FONT></DIV> <DIV> </DIV> <DIV>BLUD - LLUR</DIV> <DIV>CHCO - B4</DIV> <DIV>CTSH - B2 or high handle, all on how you read the chart</DIV> <DIV>FCBP - interesting cup</DIV> <DIV>HBEK - B4</DIV> <DIV> </DIV> <DIV>I won't even bother with my usual "happy hunting", this list is=20 pathetic!!</DIV></DIV></FONT> <DIV><FONT face=3DArial><BR><IMG alt=3D"" hspace=3D0=20 src=3D"cid:040401c2359f$53bad2e0$6501a8c0@TOMSBOX" align=3Dbaseline = border=3D0><BR>Tom=20 Worley<BR></FONT><A href=3D"mailto:stkguru@bellsouth.net"><FONT=20 face=3DArial>stkguru@bellsouth.net</FONT></A><BR><FONT face=3DArial>AIM: = TexWorley<BR></DIV></FONT></BODY></HTML> - ------=_NextPart_001_0406_01C2357D.CCD1A270-- - ------=_NextPart_000_0405_01C2357D.CCD1A270 Content-Type: image/gif; name="USflag.gif" Content-Transfer-Encoding: base64 Content-ID: <040401c2359f$53bad2e0$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_0405_01C2357D.CCD1A270-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Subject): Re: [CANSLIM] Follow Through Day "Donald Wallker"
Articles sorted by: [Date]
[Author]
[Subject]