Courtesy of The PPT, here are the results of one of my favorite screens: Potential Bottoms.
| No. | Ticker | Acc. Dist. Score | Hybrid Change (Daily) | Hybrid Score | Technical Score | % From 52 Week Low |
| 1 | AMAG | 5.00 | -0.36 | 2.80 | 3.17 | 12.42 |
| 2 | BRO | 5.00 | -0.32 | 3.14 | 3.17 | 10.17 |
| 3 | CXM | 5.00 | 87.90 | 2.33 | 3.07 | 13.59 |
| 4 | DNB | 5.00 | 21.29 | 3.02 | 3.22 | 7.45 |
| 5 | DTO | 5.00 | 3.37 | 14.64 | ||
| 6 | DUG | 5.00 | 3.19 | 10.52 | ||
| 7 | ERY | 5.00 | 3.39 | 13.13 | ||
| 8 | FPL | 5.00 | 10.68 | 3.11 | 3.12 | 6.34 |
| 9 | NCX | 4.00 | -0.33 | 3.04 | 3.36 | 6.58 |
| 10 | PBCT | 5.00 | 52.71 | 3.10 | 3.17 | 7.27 |
| 11 | SCO | 4.00 | 2.82 | 6.29 | ||
| 12 | SMN | 5.00 | 3.20 | 7.12 | ||
| 13 | T | 5.00 | -0.51 | 3.87 | 3.62 | 13.16 |
| 14 | TWM | 4.00 | 2.65 | 4.48 | ||
| 15 | TZA | 5.00 | 3.20 | 6.93 | ||
| 16 | UUP | 5.00 | 3.65 | 7.67 | ||
| 17 | VRSK | 4.00 | -11.07 | 2.65 | 3.17 | 8.94 |
| 18 | VZ | 5.00 | -2.01 | 3.42 | 3.47 | 7.42 |
| 19 | WTR | 4.00 | -7.87 | 3.51 | 3.07 | 13.89 |
When the appear, typically, it is a precursor to lower prices
hrmmmmm. UUP
Quickie summary:
Bullish Dollar
Bearish Small Cap’s and Energy
Direct short plays coming…?
Mine eyes decieve me?? Are those 2x and 3x iETF’s on that list??
OK, so…….they pass the Health Care bill this weekend at 1AM Sunday morning, what are insurance and health industry stocks going to do Monday morning. That’s what I would like to know. Hmmmm?
NOTE TO ALL: This is NOT a poilitcal question re: the merits of government run HC. It is a question about the effects of that scenario on private industry.
Probably not much. They are getting bought off by getting to service the extra 40mm. The biotechs and med device manufacturers will likely get the worst of it.
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dto dug ery sco smn twn tza uup
I’ve been watching your screen in the PPT. Pretty uncanny how you set it up weeks ago and it is coming to pass now. Looks like a top with all of these bearish tools hitting oversold.
I’m not sure what Jake is seeing, but maybe you two are discussing different time frames.
Common sense says that this market is over bought.
when does common sense work with stocks?
In answer, this is what Jake is seeing.
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Can anyone give me a run down on the pros and cons of oil and gas royalty trusts? I am wondering how you can find out which ones have the most reserves still left in them and what happens when the oil and/or gas is eventutally pumped out? Does the stock just go to zero? Does this really make royalty trusts that neat of an investment? Also, does anyone have a particular favorite in this space along with anything else I should know before making a purchase? Thanks.
Bot PBT decades ago for my mom and they said then that their reserves were limited yet it has continued to rise over time due to higher price for oil, add’l reserves found, new technology to extend well life as well as acquisitions …. I like the trusts (esp Canadian) and see them as acquisition targets though the tax reporting sucks unless you put them in a retirement account.
Check SEC filings for reserve info and time frames if you can believe them ….
Disclosure: Long HNR and watching PGH
I anticipate some pain in the short run for any health related equity however it will soon be discovered what pigs will be feeding at the goverment trough and belly swelling will occur in certain names thus a rise in stock prices. The only name who i feel certain will suffer in the long run is ticker symbol ……folks
first off, get over yourselves on the whole “dollar up, market down.” that was cute while it lasted until the end of last year. hard to make that argument over the past few months. if anything this
http://www.marketwatch.com/investing/index/DXY/charts?countryCode=US&submitted=true&intflavor=advanced&origurl=%2Ftools%2Fquotes%2Fintchart.asp&time=8&freq=1&comp=uup&compidx=aaaaa~0&compind=aaaaa~0&uf=7168&ma=1&maval=50&lf=1&lf2=4&lf3=0&type=2&size=1&optstyle=1013
tells me DB needs to fund the UUP…again…as it is broken…again.
i mean, what makes you think the dollar is going up dramatically from here? the euro at 1.35? maybe the yen dropping, i could get on board with that idea. but let’s be honest – the whole ship is rigged. we are coming into export season and our good boys in k-cars are not going to let something as light as an exchange rate get in the way of exports. it is the end of march and the smart-everyones have their hedges on by now. it is time to let go of dollar strength, or at least make sure it goes sideways from here.
third, you chartists need to look at the recent top-to-bottom range here and note that the dollar is in the middle of that range. would you really enter a long dollar trade right now based on the chart? please.
all the other stuff about inverse etfs populating the screen, well that is something i can definitely respect as a harbinger of a lower market. but don’t throw out future dollar strength as a reason this pile of shit goes lower.
Seriously guys, what will happen on Monday for the market on a healthcare bill passing?
Nothing…I expect the healthcare names to rip higher, particularly the pharma stocks like BMY, MRK & LLY…I am long them all. The Obama crew is going to drive this market to 15k and the Nazz to 5k…and everyone will be loving them…except the hedge fund managers still waiting for the big market correction. Buy and Hold is alive and well.
I think this is kind of what you mean…..some notes from a mid tier brokerage/analyst on post Healthcare reform:
Health Care Reform: Impact of Pending Bills on Various HC Industry Segments
Health Care Reform Stance by Industry:
Hospitals (CYH, HMA, LPNT, THC, UHS) – Positive: Broader coverage
should exceed impact of Medicare cuts. Our favorites are HMA, CYH, and
THC. Bill has deeper market basket cuts, largely offset by smaller DSH
cuts.
Home Health (AMED, LHCG, AFAM) – Long-Term Negative; Short-Term
Positive: Re-basing of rates will hurt but won’t be implemented until
2014. Clarity on reimbursement should spur consolidation in the near
term.
Inpatient Psychiatric (PSYS) – Positive: Broader coverage should
outweigh Medicare cuts.
Transport (AIRM, EMS) – Positive: Broader coverage should outweigh
productivity and market basket adjustments. AIRM the biggest
beneficiary.
Physician Staffing (EMS) – Positive: Physicians should benefit from
treating more covered lives. Long-term fix to Physician Fee Schedule
still required.
Long-Term Care Hospitals (KND, RHB, SEM) – Positive: Likely two-year
extension of moratoria on the 25% Rule and new development activities
promote stability. KND is our favorite.
Skilled Nursing Facilities (AVCA,ENSG, SKH,SUNH) – Positive: Potential
delay of switch to RUG-IV from RUG-III and manageable market basket
cuts are favorable. Our favorite is SKH.
Clinical Labs (DGX, GXDX, LH) – Neutral: Potential utilization boost
unclear, while Medicare rates kept flat.
Medical Devices (IMA) – Positive: Reform should boost volumes, promote
earlier diagnostic efforts, wellness and prevention, offsetting
increase in annual fees. Changes in bill: The annual fee increases to
2.9% (now an excise tax), up from 2.5% with an effective date of 2013
(from 2011). IMA has the best position
I guess i think mainly the hospital /care stocks have a good chance of going up on a slow regular daily pace starting monday…
Anyone else getting tired of every expert looking for the big correction that never happens…that’s bullish, not bearish…technicals aren’t working…retail money flow is just starting and will take us up another 4000 points. Why? Because what else are you going to do with your money? Buy treasuries and CDs and collect 1% after tax…NOT! The Obama Admin is going to drive the market to new highs in short order so that they can 1) Tax the crap out of traders and hedge funds – and blame them for the 2008 drop and 2) They can nationalize 401k, 529s, 401As, pension funds and the like which fixes the balance sheet and social security…look out, it is coming.
You think they will make it mandatory for federal, state & local pension funds to hold a minimum percentage intermediate and/or long term treasuries? I’m beginning to buy into that theory (Turning Japanese) as the Fed can’t do it themselves.
That would be some interesting Constitutional legerdemain, but then, I think I’ve seen everything today….
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Commom sense works well in the market, when? everyone is greedy be fearful, wher everyone is fearful ve brave. When has tgis nit worked in our market.
What? No VXX? I’m shocked!
BWAHAHAHA
Vxx right here right now
I’ve been pounding the table on SCO for over a week.
The dollar needs to remain strong though.
I have to agree with you. I’m amazed that oil has not broken down through $80 except for one brief spell a few days ago. Perhaps prior resistance is now support?
China buying oil rather than treasuries …. more storage tanks …. more steel!
The one that strikes me is T. I had it bottoming a few weeks ago under $25. I had it hitting resistance on Friday, and I believe it will run sideways due to the nice dividend, from here. Good luck Fly.
AMAG = FTK = Sold 2 U
Waiting for a short squeeze that never comes = death by 1000 cuts.
Some more on the fallacies of Obamacare, with many thanks to my most helpful troll!
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Fwiw, ncx sold out last feb 23 and hasn’t traded in months
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