Some time ago I mentioned I was going to include in my week-end report a section as to which stocks in the Index have changed their basic PRIMARY rating from bullish to bearish or bearish to bullish for the intermediate term investment (or speculative) time period. There are no North American markets open today so this is still like the week-end.
As most readers understand, I rate the Index component stocks for the three investment (or speculative) time periods; short, intermediate and long term. I find the intermediate term the most important and am more inclined to focus on that period. The weekly PRIMARY rating change will focus solely on this time period.
The following table shows the 5 ratings found in the table along with a more popular designation and highlighting the two PRIMARY ratings.
As most readers understand, I rate the Index component stocks for the three investment (or speculative) time periods; short, intermediate and long term. I find the intermediate term the most important and am more inclined to focus on that period. The weekly PRIMARY rating change will focus solely on this time period.
The following table shows the 5 ratings found in the table along with a more popular designation and highlighting the two PRIMARY ratings.
The focus of this section will be to highlight which stocks have had their PRIMARY ratings change during the week. Ratings changes to and from the various neutral ratings are ignored.
In my Precious Metals Central service at http://www.themarkettraders.com/ I have found that over and over again, major new trends show up first in the intermediate term rating, and quite early in the trend. It is not perfect as there are times when trends change and cause a whip-saw effect but one must live with imperfection and work around it. My suggestion is for investors or speculators who use this information to maintain a stop loss using the short term information, especially the short term moving average slope, but each has their own method.
For this past week the starting point is as follows. 92% of the stocks had their last PRIMARY intermediate term rating as BEARISH with only 8%, or 4 stocks, having their last PRIMARY rating as BULLISH.. So, the easiest thing to do is just to list the stocks who’s last primary rating was BULLISH and understanding that the rest were BEARISH. As the weeks progress I will only provide the list of stocks with PRIMARY ratings changes during that week.
The following stocks had their last intermediate term PRIMARY rating as BULLISH.
East Asia Minerals Corp.
Formation Capital Corp.
Magnum Uranium Corp.
Quaterra Res. Inc.
In my Precious Metals Central service at http://www.themarkettraders.com/ I have found that over and over again, major new trends show up first in the intermediate term rating, and quite early in the trend. It is not perfect as there are times when trends change and cause a whip-saw effect but one must live with imperfection and work around it. My suggestion is for investors or speculators who use this information to maintain a stop loss using the short term information, especially the short term moving average slope, but each has their own method.
For this past week the starting point is as follows. 92% of the stocks had their last PRIMARY intermediate term rating as BEARISH with only 8%, or 4 stocks, having their last PRIMARY rating as BULLISH.. So, the easiest thing to do is just to list the stocks who’s last primary rating was BULLISH and understanding that the rest were BEARISH. As the weeks progress I will only provide the list of stocks with PRIMARY ratings changes during that week.
The following stocks had their last intermediate term PRIMARY rating as BULLISH.
East Asia Minerals Corp.
Formation Capital Corp.
Magnum Uranium Corp.
Quaterra Res. Inc.
1 comment:
Large volume action is important but one must be careful not to place an overly great reliance on a day or two of high volume.
You are right about U. It seems to be in the very early stage of a move and here the volume is a plus. My short term rating is BULLISH, see weekly table. May be a very good GAMBLE here.
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