Posted by 19 September 2005

Some Interesting Charts

Here are some charts that caught my eye as I went through my scans this weekend — KB Home (KBH), Pulte Homes Inc. (PHM), Harman International Industries Inc. (HAR), Comverse Technology Inc. (CMVT), CV Therapeutics Inc. (CVTX), Netease.com Inc. (NTES), Autodesk Inc. (ADSK) and Genesis Microchip Inc. (GNSS) :

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Comments

  1. Posted by Duru on September 19, 2005 at 2:34 am

    Nice charts. I would add a few things:
    1. Looks the entire housing sector got sold heavy on Friday. Near-term action may depend greatly on what Greenie says on Tuesday. Finally, note that KBH reports later this week.
    2. CMVT made a nice round-trip post-earnings. Those pre-earnings levels make that support all the more convincing.
    3. ADSK reports next week…
    Finally, did you notice all the HIGH volume moves on Friday!?

  2. Posted by Michael on September 19, 2005 at 7:30 am

    1. I didn’t even look at the entire sector but I assumed they all got slammed based off of the few that I saw.

    Thanks for the heads up on the earnings dates. Seems like earnings season just ended but another one is just a few weeks away.

    I can’t remember if the volume surges I saw were only on S&P stocks… I wonder if all of that volume was related to that S&P rebalancing.

  3. Posted by bfreeman71 on September 19, 2005 at 8:48 pm

    this message for mike.. thanks for all the helpful information. Can i ask a favor i need help with my scanner on how to set it for suspicious gap plays and any other helpful plays.i hav tradeideas scanner..
    thankyou,
    brett

  4. Posted by RedEyes on September 20, 2005 at 2:31 am

    Over the weekend I was reviewing the TC2005 “All Worden Market Indicators” when the T2125 Nasdaq Advance/Decline indicator caught my eye. If you don’t subscribe to the service I could email you screenshots.

    Please take a look at this indicator on a 5 day and monthly setting and compare it to the Naz. It sure looks like the A/D line and the Naz both started to rise in early 2003 and then peaked in Jan of 2004. But the A/D line has steadily dropped since then but the Naz has flatlined.

    I am not sure how to interpret that other than to say that the Naz internals are weakening?

    Your comments would be greatly appreciated.

    RedEyes

  5. Posted by Declan Fallon on September 20, 2005 at 4:43 pm

    Thanks for the card Mike.
    Declan