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This is a sample of our "Tracker" newsletters. In this case we are focused on a short list of
ETFs (Exchange Traded Funds). Note the links to supporting materials -- chart books and a spreadsheet.
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Download Excel spreadsheet containing data from this report.
6-Month Chart Book sorted by relative strength.
2-Year Chart Book sorted by relative strength.
DECISION POINT
ETF TRACKER (LITE) DAILY REPORT
Thursday, 4/22/2004
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The Decision Point ETF Tracker Lite Report is a daily publication focusing
on a short list of ETFs. It provides momentum analysis, strength
ranking and BUY and SELL Signals. This newsletter is included as part of a
DecisionPoint.com PRIME web site subscription.
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INFORMATION CONTAINED HEREIN IS TO ASSIST FURTHER RESEARCH AND IS NEITHER A
SOLICITATION NOR RECOMMENDATION TO BUY OR SELL ANY SECURITY. PAST
PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
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DISTRIBUTIONS: None today.
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TODAY'S RESULTS AND PRICE CHANGE ANALYSIS
04/22 WTD MTD YTD
Close $ % Volume %Price %Price %Price
Name Sym Price Change Change X 1000 Change Change Change
---------------- --- ------ ------ ------ --------- ------ ------ ------
Diamonds DIA 104.81 +1.51 +1.5% 9153.2 +0.1% +0.8% 0%
NASDAQ 100 Shrs QQQQ 36.92 +0.93 +2.6% 136427.9 +2.3% +2.8% +1%
SPDRs SPY 114.25 +1.58 +1.4% 61505.3 +0.4% +1.1% +3%
SP Midcap Spider MDY 111.65 +1.67 +1.5% 2300.7 +1.3% +1.5% +6%
Russell 2000 iSh IWM 118.00 +1.60 +1.4% 7103.9 +1.5% +0.6% +6%
SP Equal Wt ETF RSP 142.14 +2.64 +1.9% 23.0 +1.0% +1.7% +5%
Bank Regional HL RKH 129.83 +2.34 +1.8% 842.4 +0.7% -2.7% -2%
Biotech iShares IBB 81.19 +1.29 +1.6% 1198.8 +2.5% +4.6% +13%
Broadband HLDRs BDH 16.66 +0.43 +2.6% 910.7 +6.3% +2.4% +24%
Consumer Disc SP XLY 32.39 +0.64 +2.0% 62.1 +1.6% +1.9% +3%
Consumer Non-Cyc IYK 52.72 +0.72 +1.4% 56.1 +1.3% +3.6% +9%
Consumer Stpl SP XLP 23.25 +0.23 +1.0% 282.9 +0.7% +1.6% +7%
Energy SP XLE 30.34 +0.59 +2.0% 459.5 -0.7% +4.4% +10%
Financial SP XLF 28.77 +0.49 +1.7% 6488.0 -0.3% -2.6% +2%
Health Care SP XLV 31.44 +0.25 +0.8% 788.7 -0.1% +5.6% +4%
Industrial SP XLI 27.44 +0.59 +2.2% 2104.6 +1.3% +3.7% +3%
Internet HLDRs HHH 57.35 +3.52 +6.5% 390.5 +6.9% +12.3% +14%
Materials SP XLB 26.55 +0.86 +3.3% 1454.7 +0.1% +1.1% -1%
Natural Res iSh IGE 111.92 +2.33 +2.1% 12.4 -1.1% +1.7% +5%
Network iS IGN 31.65 +0.85 +2.8% 105.7 +4.0% -0.1% +15%
Oil Svc HLDRs OIH 71.56 +2.20 +3.2% 2020.1 -0.5% +2.4% +15%
Pharm HLDRs PPH 80.50 +0.22 +0.3% 766.3 -0.8% +5.8% +1%
Real Estate iShr IYR 95.45 +1.30 +1.4% 440.7 -1.6% -12.3% -4%
Retail Holders RTH 93.75 +1.67 +1.8% 1071.2 +1.5% +0.1% +4%
Semiconductor iS IGW 61.08 +0.78 +1.3% 36.6 +2.0% -1.2% -3%
Software iShares IGV 39.03 +0.93 +2.4% 73.8 +3.3% +1.9% +3%
Technology SP XLK 20.49 +0.31 +1.5% 785.2 +2.0% +1.0% +1%
Telecom iShares IYZ 22.10 +0.21 +1.0% 55.2 +2.7% +2.4% +5%
Utilities SP XLU 23.54 +0.26 +1.1% 483.8 +0.1% -2.8% +1%
Wireless HL WMH 58.03 +1.30 +2.3% 16.5 +6.2% +3.3% +20%
Average +1.9% +1.5% +1.6% +6%
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ETFs SORTED BY TODAY'S PERCENTAGE CHANGE
04/22 WTD MTD YTD
Close $ % Volume %Price %Price %Price
Name Sym Price Change Change X 1000 Change Change Change
---------------- --- ------ ------ ------ --------- ------ ------ ------
Internet HLDRs HHH 57.35 +3.52 +6.5% 390.5 +6.9% +12.3% +14%
Materials SP XLB 26.55 +0.86 +3.3% 1454.7 +0.1% +1.1% -1%
Oil Svc HLDRs OIH 71.56 +2.20 +3.2% 2020.1 -0.5% +2.4% +15%
Network iS IGN 31.65 +0.85 +2.8% 105.7 +4.0% -0.1% +15%
NASDAQ 100 Shrs QQQ 36.92 +0.93 +2.6% 136427.9 +2.3% +2.8% +1%
Broadband HLDRs BDH 16.66 +0.43 +2.6% 910.7 +6.3% +2.4% +24%
Software iShares IGV 39.03 +0.93 +2.4% 73.8 +3.3% +1.9% +3%
Wireless HL WMH 58.03 +1.30 +2.3% 16.5 +6.2% +3.3% +20%
Industrial SP XLI 27.44 +0.59 +2.2% 2104.6 +1.3% +3.7% +3%
Natural Res iSh IGE 111.92 +2.33 +2.1% 12.4 -1.1% +1.7% +5%
Consumer Disc SP XLY 32.39 +0.64 +2.0% 62.1 +1.6% +1.9% +3%
Energy SP XLE 30.34 +0.59 +2.0% 459.5 -0.7% +4.4% +10%
SP Equal Wt ETF RSP 142.14 +2.64 +1.9% 23.0 +1.0% +1.7% +5%
Bank Regional HL RKH 129.83 +2.34 +1.8% 842.4 +0.7% -2.7% -2%
Retail Holders RTH 93.75 +1.67 +1.8% 1071.2 +1.5% +0.1% +4%
Financial SP XLF 28.77 +0.49 +1.7% 6488.0 -0.3% -2.6% +2%
Biotech iShares IBB 81.19 +1.29 +1.6% 1198.8 +2.5% +4.6% +13%
Diamonds DIA 104.81 +1.51 +1.5% 9153.2 +0.1% +0.8% 0%
SP Midcap Spider MDY 111.65 +1.67 +1.5% 2300.7 +1.3% +1.5% +6%
Technology SP XLK 20.49 +0.31 +1.5% 785.2 +2.0% +1.0% +1%
SPDRs SPY 114.25 +1.58 +1.4% 61505.3 +0.4% +1.1% +3%
Russell 2000 iSh IWM 118.00 +1.60 +1.4% 7103.9 +1.5% +0.6% +6%
Consumer Non-Cyc IYK 52.72 +0.72 +1.4% 56.1 +1.3% +3.6% +9%
Real Estate iShr IYR 95.45 +1.30 +1.4% 440.7 -1.6% -12.3% -4%
Semiconductor iS IGW 61.08 +0.78 +1.3% 36.6 +2.0% -1.2% -3%
Utilities SP XLU 23.54 +0.26 +1.1% 483.8 +0.1% -2.8% +1%
Consumer Stpl SP XLP 23.25 +0.23 +1.0% 282.9 +0.7% +1.6% +7%
Telecom iShares IYZ 22.10 +0.21 +1.0% 55.2 +2.7% +2.4% +5%
Health Care SP XLV 31.44 +0.25 +0.8% 788.7 -0.1% +5.6% +4%
Pharm HLDRs PPH 80.50 +0.22 +0.3% 766.3 -0.8% +5.8% +1%
Average +1.9% +1.5% +1.6% +6%
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ETFs SORTED BY PRICE MOMENTUM OSCILLATOR (PMO) RANK
This section ranks the securities based on Decision Point's proprietary
PMO, a measure of internal and relative strength.
|-RankChg| |--% Price Change-| Hot/Cold PMO
PMO 5 15 On 5 15 Group & Xover
Name/Symbol Rank Day Day 04/22 Day Day Blinkers Sgnl/Days
-------------------- ---- --- --- ----- ---- ---- |---------|---------
Internet HLDRs HHH 1 0 +12 +6.5% +6% +13% 1 ++ ++ BUY 27
Biotech iShares IBB 2 0 +14 +1.6% +3% +5% 1 ++ ++ BUY 21
Energy SP XLE 3 +1 +5 +2.0% 0% +3% 1 ++ ++ + BUY 10
Consumer Non-Cyc IYK 4 -1 +1 +1.4% +2% +4% 2 ++ ++ - BUY 20
Natural Res iSh IGE 5 0 +1 +2.1% 0% +1% 1 ++ ++ BUY 0
Consumer Stpl SP XLP 6 +4 -3 +1.0% +1% +2% 1 ++ ++ + BUY 6
Industrial SP XLI 7 +8 +17 +2.2% +2% +4% 1 ++ ++ + BUY 23
Software iShares IGV 8 0 +15 +2.4% +3% +3% 1 ++ ++ BUY 24
Health Care SP XLV 9 +14 +18 +0.8% +1% +5% 1 ++ ++ + BUY 20
Oil Svc HLDRs OIH 10 +7 -3 +3.2% +1% +2% 1 ++ ++ + BUY 6
Consumer Disc SP XLY 11 +5 +3 +2.0% +3% +2% 1 ++ ++ + BUY 0
Russell 2000 iSh IWM 12 -5 -1 +1.4% +2% 0% 4 -+ ++ - SELL 6
SP Midcap Spider MDY 13 -4 -1 +1.5% +2% +1% 4 -+ ++ - SELL 6
SP Equal Wt ETF RSP 14 -3 +1 +1.9% +2% +2% 4 -+ ++ - SELL 2
Materials SP XLB 15 -2 +4 +3.4% +1% +2% 2 ++ ++ - BUY 0
Broadband HLDRs BDH 16 -10 +2 +2.7% +4% +3% 4 -+ ++ - SELL 6
NASDAQ 100 Shrs QQQ 17 -5 +8 +2.6% +2% +3% 2 ++ ++ - BUY 23
Pharm HLDRs PPH 18 +10 +12 +0.3% -1% +5% 1 ++ ++ + BUY 20
Wireless HL WMH 19 -5 -15 +2.3% +5% +3% 4 -+ ++ - SELL 10
SPDRs SPY 20 -2 0 +1.4% +1% +1% 2 ++ ++ - BUY 0
Diamonds DIA 21 0 +1 +1.5% +1% +1% 1 ++ ++ BUY 22
Retail Holders RTH 22 0 -13 +1.8% +2% 0% 4 -+ ++ SELL 10
Telecom iShares IYZ 23 +4 -2 +1.0% +2% +2% 2 ++ +- + BUY 2
Technology SP XLK 24 -4 +2 +1.5% +1% +2% 2 ++ +- - BUY 0
Utilities SP XLU 25 0 -23 +1.1% 0% -3% 6 -- -- SELL 42
Financial SP XLF 26 0 -16 +1.7% +1% -2% 6 -- -- SELL 9
Network iS IGN 27 -3 +1 +2.8% +2% +1% 4 -+ +- - SELL 6
Semiconductor iS IGW 28 -9 +1 +1.3% 0% -1% 6 -- -- - SELL 3
Bank Regional HL RKH 29 0 -12 +1.8% +2% -3% 4 -- +- SELL 43
Real Estate iShr IYR 30 0 -29 +1.4% -1% -13% 6 -- -- SELL 42
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PMO (PRICE MOMENTUM OSCILLATOR) CROSSOVER SIGNALS
The PMO generates a BUY or SELL Signals when it crosses up or down through
its 10-DMA. These signals tend to be short-term in duration, but they can
last for several weeks. Do not take them at face value because they can
whipsaw quite a bit. They should be used to alert you to possible trading
opportunities not used as a mechanical trading model. Always check our daily
stock charts to verify the price pattern and the configuration of the PMO.
Signals are best when price appears extended, is near support or resistance,
and the PMO is very overbought or oversold. These signals may also be used to
manage positions based on our ETF Top 5 signals or the longer-term
Price Momentum Model signals.
SUMMARY OF PMO CROSSOVER SIGNALS
ETF ETF
BUY SELL
Total Signals...: 18 12
% of Total......: 60% 40%
Ave Days Elapsed: 12 15
Ave High Profit.: +3% +3%
Ave Profit......: +2% 0%
Percentage of PMOs Rising ..........: 87%
Percentage of PMOs Above Zero.......: 73%
THIS IS A LIST OF CANDIDATES FOR FURTHER RESEARCH AND IS NEITHER A
SOLICITATION NOR RECOMMENDATION TO BUY OR SELL THE LISTED SECURITIES.
04/22 Cal
Close % Days High Today PMO
Name/Symbol Price Change Signl Elap P/L P/L R/F Days
---------------------- ------ ------ ----- ---- ------- ------- --------
SPDRs SPY 114.25 +1.4% BUY 0 0.0% -2.1% R 0
Consumer Disc SP XLY 32.39 +2.0% BUY 0 0.0% -2.0% R 0
Materials SP XLB 26.55 +3.3% BUY 0 0.0% -3.3% R 0
Natural Res iSh IGE 111.92 +2.1% BUY 0 0.0% -2.1% R 0
Technology SP XLK 20.49 +1.5% BUY 0 0.0% -3.1% R 0
Telecom iShares IYZ 22.10 +1.0% BUY 2 0.9% 0.9% R 3
Consumer Stpl SP XLP 23.25 +1.0% BUY 6 0.7% 0.7% R 1
Oil Svc HLDRs OIH 71.56 +3.2% BUY 6 0.0% -0.5% R 0
Energy SP XLE 30.34 +2.0% BUY 10 1.5% 0.8% R 0
Consumer Non-Cyc IYK 52.72 +1.4% BUY 20 2.4% 2.4% R 1
Health Care SP XLV 31.44 +0.8% BUY 20 3.2% 3.1% R 24
Pharm HLDRs PPH 80.50 +0.3% BUY 20 4.1% 3.3% R 24
Biotech iShares IBB 81.19 +1.6% BUY 21 3.6% 3.6% R 1
Diamonds DIA 104.81 +1.5% BUY 22 1.7% 0.9% R 0
NASDAQ 100 Shrs QQQ 36.92 +2.6% BUY 23 4.3% 2.8% R 0
Industrial SP XLI 27.44 +2.2% BUY 23 3.7% 3.7% R 1
Software iShares IGV 39.03 +2.4% BUY 24 4.6% 3.1% R 0
Internet HLDRs HHH 57.35 +6.5% BUY 27 16.1% 16.1% R 0
SP Equal Wt ETF RSP 142.14 +1.9% SELL 2 0.0% -2.5% R 0
Semiconductor iS IGW 61.08 +1.3% SELL 3 3.1% -0.8% F 8
SP Midcap Spider MDY 111.65 +1.5% SELL 6 1.4% -1.3% R 0
Russell 2000 iSh IWM 118.00 +1.4% SELL 6 1.5% -1.5% R 0
Broadband HLDRs BDH 16.66 +2.6% SELL 6 2.0% -6.3% R 1
Network iS IGN 31.65 +2.8% SELL 6 2.8% -4.0% R 0
Financial SP XLF 28.77 +1.7% SELL 9 2.8% 1.1% F 9
Retail Holders RTH 93.75 +1.8% SELL 10 1.6% -1.2% R 0
Wireless HL WMH 58.03 +2.3% SELL 10 4.4% -1.5% R 1
Real Estate iShr IYR 95.45 +1.4% SELL 42 11.9% 10.2% F 20
Utilities SP XLU 23.54 +1.1% SELL 42 2.9% 1.0% F 15
Bank Regional HL RKH 129.83 +1.8% SELL 43 6.1% 4.0% R 0
Average +1.9% 14 2.9% 0.9% 4
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PRICE MOMENTUM MODEL SIGNALS
The SWENLIN PRICE MOMENTUM MODEL is intended to catch long-term price moves.
Model Signals are mechanically generated by a 200-day exponential moving
average crossover in conjunction with a 10% price move in the opposite
direction of the current signal extreme. For example, assume that the current
signal is a BUY. If the price drops 10% from the signal high, and also drops
below the 200 DMA, a SELL Signal will be generated automatically. The
MOMENTUM MODEL SIGNALS work best when prices are trending and changing
direction smoothly. When prices are volatile, particularly in a 10% range,
results will be extremely poor. By design, these signals will always miss at
least the first 10% of a move. Rather than wait for a signal reversal, it is
best to use trend analysis and other indicators to decide when to exit a
position. New signals should alert you to the possibility that a change in
direction is taking place. Once alerted, watch price movement and other
indicators to determine an optimum entry point, if any.
SUMMARY OF PRICE MOMENTUM MODEL SIGNALS
ETF ETF
BUY SELL
Total Signals...: 27 3
% of Total......: 90% 10%
Ave Days Elapsed: 300 15
Ave High Profit.: +39% +1%
Ave Profit......: +35% -3%
Ave Rel to Stop.: +10% -5%
PRICE MOMENTUM MODEL SIGNALS
This is a list of PRICE MOMENTUM MODEL SIGNALS for the ETFs we follow.
The newest signals give notice that the trend may be in the process of
making a long-term change of direction.
THIS IS A LIST OF CANDIDATES FOR FURTHER RESEARCH AND IS NEITHER A
SOLICITATION NOR RECOMMENDATION TO BUY OR SELL THE LISTED SECURITIES.
04/22 Cal Price
Close % Days High Today Rel to
Name/Symbol Price Change Sgnl Elap P/L P/L STOP Stop
---------------------- ------ ------ ---- ---- ------ ------ ------ -------
NASDAQ 100 Shrs QQQ 36.92 +2.6% BUY 17 0.0% -1.4% 33.71 +9.5%
Health Care SP XLV 31.44 +0.8% BUY 113 5.7% 4.3% 28.69 +9.6%
Telecom iShares IYZ 22.10 +1.0% BUY 114 9.2% 5.3% 20.63 +7.1%
Biotech iShares IBB 81.19 +1.6% BUY 115 11.4% 11.4% 72.95 +11.3%
Oil Svc HLDRs OIH 71.56 +3.2% BUY 132 23.6% 18.0% 64.20 +11.5%
Utilities SP XLU 23.54 +1.1% BUY 139 10.3% 5.4% 22.16 +6.2%
Energy SP XLE 30.34 +2.0% BUY 140 21.0% 20.2% 26.88 +12.9%
Consumer Stpl SP XLP 23.25 +1.0% BUY 328 16.1% 15.9% 20.95 +11.0%
Broadband HLDRs BDH 16.66 +2.6% BUY 342 96.6% 88.7% 13.94 +19.5%
Consumer Non-Cyc IYK 52.72 +1.4% BUY 349 29.2% 29.2% 47.45 +11.1%
Wireless HL WMH 58.03 +2.3% BUY 352 66.4% 62.0% 49.18 +18.0%
SP Midcap Spider MDY 111.65 +1.5% BUY 365 41.7% 40.1% 101.63 +9.9%
Industrial SP XLI 27.44 +2.2% BUY 365 32.4% 30.7% 25.02 +9.7%
Network iS IGN 31.65 +2.8% BUY 365 122.8% 94.8% 28.05 +12.8%
Technology SP XLK 20.49 +1.5% BUY 365 40.4% 30.2% 19.55 +4.8%
SPDRs SPY 114.25 +1.4% BUY 366 28.0% 25.7% 104.74 +9.1%
Russell 2000 iSh IWM 118.00 +1.4% BUY 366 54.9% 51.4% 107.46 +9.8%
Bank Regional HL RKH 129.83 +1.8% BUY 366 35.1% 25.9% 125.37 +3.6%
Materials SP XLB 26.55 +3.3% BUY 366 38.5% 34.8% 24.48 +8.5%
Natural Res iSh IGE 111.92 +2.1% BUY 366 37.8% 36.2% 100.99 +10.8%
Software iShares IGV 39.03 +2.4% BUY 366 49.5% 42.4% 36.05 +8.3%
SP Equal Wt ETF RSP 142.14 +1.9% BUY 367 45.9% 44.3% 129.28 +10.0%
Financial SP XLF 28.77 +1.7% BUY 373 34.7% 27.2% 27.41 +4.9%
Retail Holders RTH 93.75 +1.8% BUY 374 28.5% 25.5% 86.40 +8.5%
Diamonds DIA 104.81 +1.5% BUY 398 26.8% 23.6% 96.76 +8.3%
Consumer Disc SP XLY 32.39 +2.0% BUY 398 33.9% 33.4% 29.26 +10.7%
Internet HLDRs HHH 57.35 +6.5% BUY 406 108.2% 108.2% 46.48 +23.4%
Semiconductor iS IGW 61.08 +1.3% SELL 2 0.0% -4.0% 64.59 -5.4%
Real Estate iShr IYR 95.45 +1.4% SELL 10 2.0% 0.2% 103.07 -7.4%
Pharm HLDRs PPH 80.50 +0.3% SELL 34 1.4% -6.5% 81.99 -1.8%
Average +1.9% 272 35.1% 30.8% +8.9%
****************************************************************************
SHORT-TERM (PMO) and LONG-TERM (PMM) SIGNAL COMPARISONS
The Price Momentum Model (PMM) signal provides guidance regarding the
longer-term trend, and the Price Momentum Oscillator (PMO) signals identify
the shorter-term trend. A logical trading methodology is to open positions
on new PMO signals when they are compatable with the PMM signals. Positions
may be closed or hedged when the PMM and PMO signals are in conflict.
This section compares the PMM and PMO signals side by side and provides
some mechanical analysis. A "Warn!" flag is an alert that the PMO signal is
in conflict with the PMM -- closing or hedging the PMM position may be
considered. A "Buy?" or "Sell?" flag is an alert that the PMO signal has
just changed and is the same as the PMM signal -- opening new PMM positions
may be considered.
SUMMARY OF SHORT-TERM AND LONG-TERM SIGNALS FOR ETF
SHORT-TERM LONG-TERM
PMO PMO PMM PMM
BUY SELL BUY SELL
Total Signals...: 18 12 27 3
% of Total......: 60% 40% 90% 10%
Ave Days Elapsed: 12 15 300 15
Ave High Profit.: +3% +3% +39% +1%
Ave Profit......: +2% 0% +35% -3%
Ave Rel to Stop.: +10% -5%
Percentage of PMOs Rising ..........: 87%
Percentage of PMOs Above Zero.......: 73%
|-- PMO Crossover Model ---|-- Price Momentum Model --|
| PMO High Today | PMM High Today|
Name Flag| Sgnl Day P/L P/L | Sgnl Days P/L P/L|
--------------- -----| ---- --- ------- ------- | ---- ---- ------- -------|
Diamonds BUY 22 +1.7% +0.9% BUY 398 +26.8% +23.6%
NASDAQ 100 Shr BUY 23 +4.3% +2.8% BUY 17 0.0% -1.4%
SPDRs Buy? * BUY 0 0.0% -2.1% BUY 366 +28.0% +25.7%
SP Midcap Spid Warn! SELL 6 +1.4% -1.3% BUY 365 +41.7% +40.1%
Russell 2000 i Warn! SELL 6 +1.5% -1.5% BUY 366 +55.0% +51.4%
SP Equal Wt ET Warn! SELL 2 0.0% -2.5% BUY 367 +45.9% +44.3%
Bank Regional Warn! SELL 43 +6.1% +4.0% BUY 366 +35.1% +25.9%
Biotech iShare BUY 21 +3.6% +3.6% BUY 115 +11.4% +11.4%
Broadband HLDR Warn! SELL 6 +2.0% -6.3% BUY 342 +96.6% +88.7%
Consumer Disc Buy? * BUY 0 0.0% -2.0% BUY 398 +33.9% +33.4%
Consumer Non-C BUY 20 +2.4% +2.4% BUY 349 +29.3% +29.3%
Consumer Stpl BUY 6 +0.7% +0.7% BUY 328 +16.1% +15.9%
Energy SP BUY 10 +1.5% +0.8% BUY 140 +21.0% +20.2%
Financial SP Warn! SELL 9 +2.8% +1.1% BUY 373 +34.7% +27.2%
Health Care SP BUY 20 +3.2% +3.1% BUY 113 +5.7% +4.3%
Industrial SP BUY 23 +3.7% +3.7% BUY 365 +32.4% +30.7%
Internet HLDRs BUY 27 +16.1% +16.1% BUY 406 +108.2% +108.2%
Materials SP Buy? * BUY 0 0.0% -3.4% BUY 366 +38.6% +34.8%
Natural Res iS Buy? * BUY 0 0.0% -2.1% BUY 366 +37.8% +36.2%
Network iS Warn! SELL 6 +2.8% -4.0% BUY 365 +122.8% +94.8%
Oil Svc HLDRs BUY 6 0.0% -0.5% BUY 132 +23.6% +18.0%
Pharm HLDRs Warn! BUY 20 +4.2% +3.3% SELL 34 +1.4% -6.5%
Real Estate iS SELL 42 +11.9% +10.3% SELL 10 +2.0% +0.2%
Retail Holders Warn! SELL 10 +1.6% -1.2% BUY 374 +28.5% +25.5%
Semiconductor SELL 3 +3.1% -0.8% SELL 2 0.0% -4.0%
Software iShar BUY 24 +4.6% +3.1% BUY 366 +49.5% +42.5%
Technology SP Buy? * BUY 0 0.0% -3.1% BUY 365 +40.4% +30.2%
Telecom iShare BUY 2 +0.9% +0.9% BUY 114 +9.3% +5.3%
Utilities SP Warn! SELL 42 +2.9% +1.0% BUY 139 +10.3% +5.4%
Wireless HL Warn! SELL 10 +4.4% -1.5% BUY 352 +66.4% +62.0%
Average 14 +2.9% +0.9% 272 +35.1% +30.8%
*****************************************************************************
EXPLANATION OF TABLE HEADINGS
Close Price: The last price at which the security traded today.
% Change: Percentage that price has changed from prior day's close.
PMO Rank: Shows the rank of the PMO in relation to the other securities
in the list.
5 Day Rank Chg: The total number of PMO ranks the security has moved up (+)
or down (-) in the last 5 days.
15 Day Rank Chg: The total number of PMO ranks the security has moved up (+)
or down (-) in the last 15 days.
YTD Rank Chg: The total number of PMO ranks the security has moved up (+)
or down (-) since the beginning of the year.
Signl: The signal designations of BUY and SELL indicate the current
direction of momentum and are not an indication that continuous buying or
selling should take place. Signals that are a few days or weeks old give the
best indication that profitable action MIGHT be taken.
Cal Days Elap: Indicates the number of calendar days that have elapsed since
the current signal was initiated.
High P/L: Highest profit or least loss experienced since the current signal
was initiated. On the first day of a new signal the P/L displayed is the
closing P/L for the prior signal.
Today P/L: Profit or loss for the signal since it was initiated. On the
first day of a new signal the P/L displayed is the closing P/L for the prior
signal.
STOP: The price at which the mechanical PMM signal will reverse.
Price Rel to Stop: This column shows the relationship of the current price
to the price at which the signal will change. (i.e. +5.3% means the current
price is 5.3% above the signal change price.
PMO R/F Days: The direction of the PMO (rising/falling) and number of
calendar days trend has been effect.
The Hot/Cold grouping ranks securities/indexes into six (6) groups ranging
from 1 (Hot) to 6 (Cold) according to price strength, internal strength,
and relative strength. We can quickly assess the condition of these
elements by the group number and "blinker" fields. Moving from left to
right: The first blinker tells us if the PMO is above (+) or below (-) its
10-day exponential moving average (EMA). The second blinker indicates if
the closing price is above (+) or below (-) it's 20-DMA. The third and
fourth blinkers tell us if the PMO is rising (+) or falling (-), and if it
is above (+) or below (-) zero. The fifth blinker tells us if the 5-day PMO
rank change is positive (+), negative (-), or no change ( ). Groups 1-3
should be considered as buy candidates, 4-6 as sell candidates.
CAVEAT
We make every effort to insure the accuracy of this information, but we
cannot guarantee it. It is always possible that errors will creep in. If it
doesn't make sense, let us know about it. Also, we make every effort to upload
this data each market day, but circumstances may be such that it is not
possible due to circumstances beyond our control.
End of Strategy Lab Tracker Report for Thursday 4/22/2004
Copyright 2004 Decision Point. This publication is not to be summarized,
reproduced, or rebroadcast in any fashion without our written permission.
Nothing herein should be construed as an offer or solicitation to buy or
sell any security. Past performance does not guarantee or imply future
results.
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