For 10-12-06
Looks like the “Terrorist Attack” might have done a nice cleaning job for the market. The big thing that jumps out at me is how long it has been since the markets have taken a break out the weekly chart – 8 higher highs in a row now. US Dollar shows some good strength by hitting a outside day over the gap from yesterday. Bonds countine their retreat from the lower high that was put in place. Oil is still is a free fall if you were woundering.
Strong Areas – Last Month:
Restaurants, Specialty Eateries, Printed Circuit Boards, Sporting Goods Stores, Major Airlines, Networking & Comm, Diversified Machinery, Auto Parts Stores, Apparel Stores, Appliances
PLCE
ANF
NWY
JCG
LTD
AEOS
AAP
ORLY
STKL
TAM
DKS
SBUX
DRI
JBX
Nice Looking Tau Long Stocks:
TNL
BDC
CMRG
Weak Areas – Last Month:
Medical Practitioners, Copper, Long Distance Carriers, Drug Stores, Medical Labs, Semiconductors – Memory, Silver, Specialized Health, Farm Products, Home Health Care
USPI
CMX
PPDI
CVS
MHS
LDG
LVAC
Nice Looking Tau Short Stocks:
EXP
CHE
RATE
WLT
PDE
AU
HP
FDG
Hunting R 