Ken
Powers, out of Atlanta, does this report each weekend. You can go to his website
for the complete report. The report used
to be limited to the IBD100 but since he can’t use the IBD reference anymore he
has expanded it to include other stocks as well.
He
uses the industry numbering and grouping found in the TC2005 product and media
general.
You
might want to send him an email and get on his weekly distribution list. If so,
Tell
him Kermit sent you.
Remember,
if you are going long in a position then you want the top performers of the top industries that still have room
to grow.
You
must be careful not to choose those that are at the top and ready to turnover.
Those you want to short.
The
trick is to learn how to tell the difference.
Kermit
Internet
segment tops short list in upswing,
Energy,
Real Estate lead majority downward
The number of leading
growth stocks decreased more than 15%, to 333 at the end of this week (September
16th) from 392 at the end of last week (September 9th). The total score of the leading stocks
was down nearly 17%. On a scale of
0 to 100, the average score fell to 46.7 from 47.7.
Among the 9 economic
sectors, 8 scored lower.
·
The
slowest falling sectors were
Utilities (#900) and Technology (#800).
Utilities posted the best absolute change, down only 46 points (14.7%) on
a net loss of 1 company. Technology
posted the best relative change, down only 4.4% (136 points) on a net loss of 5
companies.
·
The
fastest falling sectors were
Basic Materials (#100) and Consumer Goods (#300). Basic Materials posted the worst
absolute change, down 845 points (16.5%) on a net loss of 7 companies. Consumer Goods posted the worst relative
change, down 31.1% (312 points) on a net loss of 6
companies.
Among the 31 business
segments, 4 scored higher and 26 scored lower.
·
The
fastest rising segment was
Internet (#850), posting both the best absolute change (up 96 points) and the
best relative change (up 27.9%) on a net gain of 2
companies.
·
The
fastest falling segments were
Energy (#120) and Real Estate (#440).
Energy posted the worst absolute change, down 798 points (21.0%) on a net
loss of 7 companies. Real Estate
posted the worst relative change, down 100% (54 points) on a net loss of 3
companies.
Details are available
at www.IstarQuest.com and in the
attached document.
Please feel free to
forward this to others who might be interested in receiving these weekly
analyses via e-mail. As always, I use recipients' e-mail addresses ONLY to
send these analyses. And, to avoid revealing recipients' e-mail
addresses to other recipients, I send e-mail to those on my distribution lists
ONLY as "bcc" addressees.
Let me know of any
changes in your e-mail address so that I can update my distribution lists.
And if you ever wish to stop receiving these e-mails, let me know and I
will immediately remove your address from my distribution
lists.
In the meantime, good
fortune in your trading/investing!
--
Ken
