{"id":363,"date":"2006-08-06T01:28:04","date_gmt":"2006-08-06T06:28:04","guid":{"rendered":"http:\/\/selfinvestors.com\/tradingstocks\/weeklyafter-stock-market-review-archives\/weekly-market-review-wanted-goldilocks\/"},"modified":"2006-08-06T01:28:04","modified_gmt":"2006-08-06T06:28:04","slug":"weekly-market-review-wanted-goldilocks","status":"publish","type":"post","link":"https:\/\/selfinvestors.com\/tradingstocks\/weeklyafter-stock-market-review-archives\/weekly-market-review-wanted-goldilocks\/","title":{"rendered":"Weekly Market Review &#8211; Wanted: Goldilocks"},"content":{"rendered":"<p><font face=\"Arial\">In last week&#8217;s report I mentioned it would be a difficult tight rope for the market to walk in the coming months as traders look for &quot;goldilocks&quot; numbers.&nbsp; Traders want indication of a slowing economy, but not too slow&#8230; all while keeping inflation in check so the Fed will ease up on rate hikes.&nbsp; Before the jobs report was released, fed funds futures were pricing in a 44% chance of an August 8th rate hike.&nbsp; That number dropped to just 19% after the number was released and the market surged as a result, taking out key resistance points in both the Dow and S&amp;P (the Nasdaq hit resistance of its 50 day moving average) .&nbsp; However, it took just a few hours for traders to hit the sell button ahead of the weekend, leaving both the Dow and S&amp;P with failed breakouts.&nbsp; Clearly, there is still a considerable amount of skittishness.&nbsp;&nbsp; Should the Fed pause on Tuesday, I would be very surprised to see this market catapult for a breakout move.&nbsp;&nbsp; I think the move we&#8217;ve seen off the bottom over the past several weeks is a pricing in of the pause in rate hikes.&nbsp; From now on, it will be all about the economy and inflation numbers.&nbsp; These numbers will be the drivers of the market, not the Fed decision.<\/font><\/p>\n<\/p>\n<p><font face=\"Arial\">It was a busy week in the Model Portfolio as I began to place short term bets on the short side.&nbsp; At the beginning of the week I closed a long position in my lone oil play Veritas (VTS) for a quick 6% gain due to a lack of buy volume at the breakout and in days following.&nbsp; Over the course of the week, premium members were alerted to a flurry of small short positions (currently 6 in all) which now represent around 35% of the portfolio.&nbsp; The rest of the portfolio is 10% on the long side and 55% cash.&nbsp; Considering the market continues to meander higher, the shorts are in solid shape and are up 1% collectively for the week.&nbsp; With the market a bit overbought up here and a lack of volume behind recent moves higher, playing the short side with a few small positions currently makes more sense.<br \/>\n_______________________________________________________________<\/font><\/p>\n<p><font face=\"Arial\">Want to take your membership to the next level?&nbsp; Premium members who have been following along with buy and sell alerts in the Model Portfolio are smashing average returns with a 13% YTD performance.&nbsp; In addition to alerting you to the best opportunities on the long side, short opportunities are used to make money during a downturn.&nbsp; That&#8217;s just one of many premium features&#8230;.<\/font><\/p>\n<p><font face=\"Arial\">Would you like a database of stocks all ranked according to fundamentals and technicals, complete with pivot points, earnings date, % change from breakout and moving averages, future earnings estimates and relative strength rating?&nbsp; How about Stock Watch reports highlighting long and short opportunities for the coming week?<\/font><\/p>\n<p><font face=\"Arial\">Try it out for yourself for 30 days!&nbsp; Sign in to your account here: http:\/\/www.selfinvestors.com\/amember\/member.php and take advantage of the no risk trial.<\/font><\/p>\n<p><font face=\"Arial\">______________________<\/font><\/p>\n<p><font face=\"Arial\"><\/p>\n<p>\n** Best\/Worst Performers **<\/p>\n<p>&#8211; Top 10 Performing Industries For the Week &#8211;<\/p>\n<p>1. Silver&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%<br \/>\n2. Jewelry Stores&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.85%<br \/>\n3. Internet Service Providers&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.30%<br \/>\n4. Residential Construction&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.00%<br \/>\n5. General Contractors&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%<br \/>\n6. Farm Products&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.30%<br \/>\n7. Multimedia &amp; Graphics Software 4.20%<br \/>\n8. Electronic Stores&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.95%<br \/>\n9. Cleaning Products&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.60%<br \/>\n10. General Building Materials&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.55%<\/p>\n<p>&#8211; Top 10 Worst Performing Industries For the Week &#8211;<\/p>\n<p>1. Education &amp; Training Services&nbsp;&nbsp;&nbsp;&nbsp; -8.60%<br \/>\n2. Specialty Eateries&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -6.50%<br \/>\n3. Drug Delivery&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -6.00%<br \/>\n4. Medical Appliances &amp; Equip&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -5.40%<br \/>\n5. Semis &#8211; Memory&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -4.65%<br \/>\n6. Gaming Activities&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -4.25%<br \/>\n7. Oil\/Gas Drilling &amp; Exploration&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -4.05%<br \/>\n8. Aerospace\/Defense&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -3.15%<br \/>\n9. Diversified Communications&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -2.80%<br \/>\n10. Metal Fabrication&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -2.80%<\/p>\n<p>&#8211; Top 5 Best Performing ETFs For the Week &#8211;<br \/>\n&nbsp; <br \/>\n1. Ishares Silver&nbsp; (SLV)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.50%<br \/>\n2.Central Fund Canada&nbsp; (CEF)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.20%<br \/>\n3. SPDR HomeBuilders (XHB)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.30%<br \/>\n4. ASA Gold (ASA)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.50%<br \/>\n5. Powershares Water (PHO)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.30%<\/p>\n<p>&#8211; Worst 5 Performing ETF&#8217;s &#8211;<\/p>\n<p>1. India Fund&nbsp; (IFN)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -6.30%<br \/>\n2. HLDRS Oil Service&nbsp; (OIH)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -3.55%<br \/>\n3. PowerShares Oil&nbsp; (PXJ)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -3.20%<br \/>\n4. HLDRS Internet&nbsp; (IIH)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -2.25%<br \/>\n5. Morgan Stanley&nbsp; (IIF)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -2.05%<\/p>\n<p>**&nbsp; IPO&#8217;s worth watching for the coming week **<\/p>\n<p>1. Aircastle Limited (AYR): acquires and leases comercial jet aircraft to passenger and cargo airlines.&nbsp; Sales and earnings are Trading is set to start Tuesday.<\/p>\n<p>2. Evercore Partners (EVR):&nbsp; NY financial firm providing advisory services corporations on mergers, acquisitions, divestitures and restructurings.&nbsp; The company also offers investment management to institutional investors.&nbsp; Sales and earnings are surging as the company reported profit and revenue that were more than double from the year ago period.&nbsp; Trading starts on Friday.<\/p>\n<p>3. GNC (GNC): specialty retailer of nutritional products, including vitamins, herbs, minerals and supplements with over 5800 locations worldwide.&nbsp; Earnings and sales are growing quickly.&nbsp; Trading set to start on Friday<\/p>\n<p>4. Intermetro Communications (MTRO): provider of VOIP network infrastructure is fast becoming profitable.&nbsp; Trading set to start sometime this week.<\/p>\n<p>5. Qimonda (QI):&nbsp; Spinoff of Infineon.&nbsp; Munich based supplier of semiconductor products designing semi memory technologies and developing a variety of semi memory products on a chip.&nbsp;&nbsp; For the year ending September 30, Qimonda reported net income of $22 million on net sales of $3.41 billion. For the six months ending March 31, Qimonda reported a net loss of $144 million on net sales of $1.95 billion. Formed in 1952, Qimonda has about 10,469 employees.&nbsp; Trading set to start on Wednesday.<\/p>\n<p>** Upcoming Economic Reports (8\/7\/06- 8\/12\/06) **<\/p>\n<p>Monday:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Credit<br \/>\nTuesday:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FOMC Rate Decision, Productivity &amp; Costs, Economic Optimism, Retail Sales<br \/>\nWednesday:&nbsp; Wholesale Trade, Petroleum Status, Mortgage Apps, Job Vacancies<br \/>\nThursday:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Supply, Treasury Budget, Trade Balance, Jobless Claims<br \/>\nFriday:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Import Price Index, Business Inventories, Retail Sales<\/p>\n<p>** Latest Blog Entries &#8211; In Case You Missed Them!**<\/p>\n<p>&#8211; SelfInvestors Blog &#8211;<\/p>\n<p>1. Today&#8217;s Notable Earnings Movers (GES, SBUX) (Aug 3rd)<br \/>\nhttp:\/\/investing.typepad.com\/tradingstocks\/2006\/08\/todays_notable__2.html<\/p>\n<p>2. Breakout Highlights &#8211; Bancorp (TBBK) &amp; Gilead Sciences (GILD) (Aug 2nd)<br \/>\nhttp:\/\/investing.typepad.com\/tradingstocks\/2006\/08\/breakout_highli.html<\/p>\n<p>3. Today&#8217;s Notable Earnings Movers (AQNT, KEYS) (Aug 1st)<br \/>\nhttp:\/\/investing.typepad.com\/tradingstocks\/2006\/08\/todays_notable__1.html<\/p>\n<p>4. Today&#8217;s Notable Earnings Mover&#8217;s (CFK, ZVXI) (June 31st)<br \/>\nhttp:\/\/investing.typepad.com\/tradingstocks\/2006\/08\/todays_notable_.html\n<\/p>\n<p><\/font><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In last week&#8217;s report I mentioned it would be a difficult tight rope for the market to walk in the coming months as traders look for &quot;goldilocks&quot; numbers.&nbsp; Traders want indication of a slowing economy, but not too slow&#8230; all while keeping inflation in check so the Fed will ease up on rate hikes.&nbsp; Before &hellip; <a href=\"https:\/\/selfinvestors.com\/tradingstocks\/weeklyafter-stock-market-review-archives\/weekly-market-review-wanted-goldilocks\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Weekly Market Review &#8211; Wanted: Goldilocks<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-363","post","type-post","status-publish","format-standard","hentry","category-weeklyafter-stock-market-review-archives"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts\/363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/comments?post=363"}],"version-history":[{"count":0,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts\/363\/revisions"}],"wp:attachment":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/media?parent=363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/categories?post=363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/tags?post=363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}