Here is your first edition of the Weekly Roundup Market Report. As a member of SelfInvestors.com you’ll receive these reports each week to your inbox as soon as they are released, which will summarize current market conditions, state current market strategy, provide best and worst performing indusries and etf’s as well as take a look at upcoming market moving events and IPO’s set to trade.
Part of my goal over the next couple of months, in addition to a complete design overhaul of the SelfInvestors.com website is to provide more valuable content to my f*ree members. Enjoy and feel free to make comments and suggestions by replying to this email. I’m always open to member suggestions to improve the service.
** Current Market Outlook **
The market remains in correction mode, but has been showing signs of finding a bottom. Thursday’s big reversal is often times the kind of move you see at a bottom. What I’m looking for now is quiet consolidation followed by some confirmation move (a 2% move up with heavy volume). That would signal the go ahead to pursue long positions. On Tuesday (PPI) and Wednesday (CPI), inflation data will no doubt move the market as the Fed remains data dependent.
In the Model Portfolio, (only available to premiuim members) I covered short positions on Thursday and Friday and am only holding one long position. It’s too late in the game to be in on the short side and a bit too early to be in substantially on the long side. Essentially we’re in no man’s land waiting for more market clues as to direction.
** Best/Worst Performers **
Strenght in more defensive industries such as banks, utilities, healthcare and REITs while commodities and emerging markets continued to get hammered last week.
– Top 10 Performing Industries –
1. Healthcare Information Services 2.90%
2. Banks – Southwest 2.60%
3. Tobacco Products 2.20%
4. Education & Training Services 1.75%
5. Banks – Mid Atlantic 1.70%
6. Music & Video Stores 1.69%
7. Banks – Pacific 1.58%
8. Banks – Midwest 1.55%
9. Internet Info Providers 1.53%
10. Cleaning Products 1.47%
– Top 10 Worst Performig Industries –
1. Gold -8.29%
2. Cement -7.30%
3. Computer Based Systems -7.20%
4. Silver -6.98%
5. Copper -6.97%
6. Heavy Construction -6.96%
7. Oil & Gas Drilling/Expl -6.92%
8. Home Health Care -6.59%
9. Industrial Metals & Minerals -6.53%
10. General Building Materials -6.50%
– Top 5 ETFs –
1. Ishares 20 Yr Treasury (TLT) 1.23%
2. PowerShares High Yield Dividend (PEY) 1.00%
3. SPDR Utilities (XLU) 1.00%
4. ING Global Equity Dividend (IGD) .91%
5. SPDR Consumer Staples (XLP) .68%
– Bottom 5 ETFs –
1. Templeton Russia/Eastern Europe (TRF) -15.31%
2. Morgan Stanley Eastern Europe (RNE) -13.85%
3. Central Europe & Russia (CEE) -13.25%
4. Templeton Dragon Fund (TDF) -10.38%
5. Germany New Fund (GF) – 10.09%
** IPO’s Set to Launch This Week **
1. VeraSun Energy (VSE): country’s number 2 ethanol producer by produciton and THE one to watch for next week. Profitable and growing quickly. Starts trading Wednesday.
2. GolfSmith International (GOLF): sells golf equiopment, apparrel and accessories; growing but still unprofitable. Starts trading Friday..
3. Houston Wire & Cable (HWCC): supplier of specialty wire and cable and related service; profitable and growing; starts trading Thursday.
4. Synchronoss Technologies (SNCR): provides ecommerce transaction management solutions to the communications services market, including VOIP. Customers include Cingular, Vonage, Verizon, Time Warner, Comcast and AT&T. Profits and sales slipped over the last year; starts trading Thursday.
5. Verigy (VRGY): Singapore based designer of advanced test systems and solutions for the semiconductor industry; company is growing quickly but remains unprofitable; trading starts on Wednesday.
6. Volcano Corp (VOLC): developer of a broad suite of intravascular ultrasound and functional measurement products, which enhances the diagnosis and treatment of vascular and structural heart desease; company net yet profitable; trading starts Thursday.
** Upcoming Economic Reports (6/13/06 – 6/16/06) **
Tuesday: PPI, Business Inventories, Retail Sales
Wednesday: CPI, Beige Book, Oil Inventories, Mortgage Applications
Thursday: Money Supply, Industrial Production, Manufacturing Index, Philly Fed Survey
Jobless Claims
Friday: Consumer Sentiment
** Latest Blog Entries – In Case You Missed Them!**
– SelfInvestors Blog –
1. Ebay to Launch AdContext http://investing.typepad.com/tradingstocks/2006/06/ebay_to_launch_.html
2. Saved by the Bull – Convincing Reversal
http://investing.typepad.com/tradingstocks/2006/06/saved_by_the_bu.html
3. Hansen Natural (HANS) Lacking Energy
http://investing.typepad.com/tradingstocks/2006/06/hansen_natural_.html
4. Unconvincing Reversal
http://investing.typepad.com/tradingstocks/2006/06/unconvincing_re.html
– ETF Central –
1. Bombay Bottom? Not Quite
http://etf-fund-investing.com/technical_analysis_charts/etf-articles/bombay-bottom-not-quite/
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Have a great week!