{"id":423,"date":"2006-09-04T01:50:18","date_gmt":"2006-09-04T06:50:18","guid":{"rendered":"http:\/\/selfinvestors.com\/tradingstocks\/weeklyafter-stock-market-review-archives\/weekly-market-review-multi-year-highs-in-sight-proceed-with-caution\/"},"modified":"2006-09-04T01:50:18","modified_gmt":"2006-09-04T06:50:18","slug":"weekly-market-review-multi-year-highs-in-sight-proceed-with-caution","status":"publish","type":"post","link":"https:\/\/selfinvestors.com\/tradingstocks\/weeklyafter-stock-market-review-archives\/weekly-market-review-multi-year-highs-in-sight-proceed-with-caution\/","title":{"rendered":"Weekly Market Review &#8211; Multi Year Highs in Sight, Proceed With Caution"},"content":{"rendered":"<p>With economic data of last week showing signs of a soft landing, the market continued to march higher, albeit in unmeaniful holiday trading.&nbsp; With trading volume levels returning to normal levels later this week, we should begin to see signs of the market showing its hand.&nbsp; I continue to believe that the market has come too far, too fast, with little institutional support behind the move in the past couple months.&nbsp; <\/p>\n<\/p>\n<p>With resistance at multi year highs in both the S&amp;P (1326.70) and Dow (11670.19) as well as the 200 day moving average for the Nasdaq (about 2230) on the horizon, it&#8217;s important to proceed with caution on the long side.&nbsp; There is some room to run to the upside before meeting those levels, but once those levels are reached I&#8217;ll be playing the market as if that is the end of road.&nbsp; Essentially, I&#8217;m forcing the market to prove me wrong by breaking out to new multi year highs in the Dow and S&amp;P and above the 200 day moving average for the Nasdaq WITH BIG VOLUME.&nbsp; Only then will I get aggressive on the long side.<\/p>\n<p>::::::::::::::::::::::::<\/p>\n<p>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 16% 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;.<\/p>\n<p>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?<\/p>\n<p>Try it out for yourself for 30 days!&nbsp; Sign in to your account here: <a href=\"http:\/\/www.selfinvestors.com\/amember\/member.php\">http:\/\/www.selfinvestors.com\/amember\/member.php<\/a> and take advantage of the no risk trial.<\/p>\n<p>:::::::::::::::::::<\/p>\n<p>** Model Portfolio Update **<\/p>\n<p>With another week of light trading, there were few transactions in the Model Portfolio.&nbsp; In fact, just one one new long position was initiated and no positions were closed.&nbsp; After pulling back last week, the Model Portfolio had another winning week with a nice 1.7% gain.&nbsp; The year to date performance continues to stay well ahead of the major indices with a 16% gain and 8 of the 10 open positions remain profitable.&nbsp;&nbsp;&nbsp; Current allocation is about 17% short, 50% long and 33% cash.<\/p>\n<p>** Best\/Worst Performers **<\/p>\n<p>&#8211; Top 10 Performing Industries For the Week &#8211;<\/p>\n<p>1. Catalog &amp; Mail Order&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.30%<br \/>\n2. General Entertainment&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.40%<br \/>\n3. 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;&nbsp;&nbsp;&nbsp; 7.60%<br \/>\n4. Building Materials Wholesale&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.10%<br \/>\n5. Manufactured Housing&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.70%<br \/>\n6. Major Airlines&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; 6.55%<br \/>\n7. Semicondutor &#8211; Memory&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.40%<br \/>\n8. Internet Service Providers&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.20%<br \/>\n9. Data Storage Devices&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.05%<br \/>\n10. Diagnostic Substances&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.05%<\/p>\n<p>&#8211; Top 10 Worst Performing Industries For the Week &#8211;<\/p>\n<p>1. Oil &amp; Gas Refining &amp; Marketing&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -3.05%<br \/>\n2. Shipping&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; -2.80%<br \/>\n3. Oil &amp; Gas Equipment &amp; Services&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -2.25%<br \/>\n4. Major Integrated Oil &amp; Gas&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -1.90%<br \/>\n5. Independent Oil &amp; Gas&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -1.15%<br \/>\n6. Banks &#8211; Southeast&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; -.85%<br \/>\n7. Nonmetallic Mineral &amp; Mining&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -.70%<br \/>\n8. Marketing Services&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; -.35%<br \/>\n9. Pollution &amp; Treatment Controls&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -.25%<br \/>\n10. 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -.15%<\/p>\n<p>&#8211; Top 5 Best Performing ETFs For the Week &#8211;<br \/>\n&nbsp; <br \/>\n1. HLDRS Internet Infrastructure (IIH)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.20%<br \/>\n2. HLDRS Internet (HH)&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; 5.90%<br \/>\n3. Ishares Silver (SLV)&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; 4.35%<br \/>\n4. Ishares Brazil (EWZ)&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; 4.15%<br \/>\n5. Chile Fund (CH)&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; 4.05%<\/p>\n<p>&#8211; Worst 5 Performing ETF&#8217;s &#8211;<\/p>\n<p>1. Powershares Dynamic Energy (PXE) -3.25%<br \/>\n2. SPDR Select Energy (XLE)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -2.95%<br \/>\n3. Templeton Russia &amp; E. Europe (TRF)&nbsp; -2.95%<br \/>\n4. Ishares US Energy (IYE)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -2.85%<br \/>\n5. Ishares Global Energy (IXC)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -2.30%<\/p>\n<p>**&nbsp; IPO&#8217;s Worth Watching for This Week **<\/p>\n<p>1. New Oriental Education &amp; Technology Group (EDU): a Bejing provider of education programs, services, and products, primarily of English and other foreign language training and testing preparation courses.&nbsp; The company offers these programs to over 872K students in 25 schools, 111 learning centers and 13 bookstores.&nbsp; Trading set to start on Thursday<\/p>\n<p>** Upcoming Economic Reports (9\/4\/06- 9\/8\/06) **<\/p>\n<p>Monday:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Market Closed<br \/>\nTuesday:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retail Sales, Job Cut Announcement<br \/>\nWednesday:&nbsp; Productivity &amp; Costs, ISM Non Manufacturing, Beige Book, Petroleum Status,<br \/>\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage Apps<br \/>\nThursday:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Supply, Wholesale Trade, Public Debt, Jobless Claims<br \/>\nFriday:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Credit<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With economic data of last week showing signs of a soft landing, the market continued to march higher, albeit in unmeaniful holiday trading.&nbsp; With trading volume levels returning to normal levels later this week, we should begin to see signs of the market showing its hand.&nbsp; I continue to believe that the market has come &hellip; <a href=\"https:\/\/selfinvestors.com\/tradingstocks\/weeklyafter-stock-market-review-archives\/weekly-market-review-multi-year-highs-in-sight-proceed-with-caution\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Weekly Market Review &#8211; Multi Year Highs in Sight, Proceed With Caution<\/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-423","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\/423","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=423"}],"version-history":[{"count":0,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts\/423\/revisions"}],"wp:attachment":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/media?parent=423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/categories?post=423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/tags?post=423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}