{"id":458,"date":"2006-12-17T03:35:40","date_gmt":"2006-12-17T08:35:40","guid":{"rendered":"http:\/\/selfinvestors.com\/tradingstocks\/weeklyafter-stock-market-review-archives\/weekly-market-report-bulls-win-tug-o-war\/"},"modified":"2006-12-17T03:35:40","modified_gmt":"2006-12-17T08:35:40","slug":"weekly-market-report-bulls-win-tug-o-war","status":"publish","type":"post","link":"https:\/\/selfinvestors.com\/tradingstocks\/weeklyafter-stock-market-review-archives\/weekly-market-report-bulls-win-tug-o-war\/","title":{"rendered":"Weekly Market Report &#8211; Bulls Win Tug-O-War"},"content":{"rendered":"<p>After a few weeks of a bull\/bear stalemate, the bulls won out on Thursday as the market surged higher out of consolidation.&nbsp; Important moves such as the one on Thursday provide clues to future direction, at least in the short term.&nbsp; Right now the market is indicating higher prices as we wind down &#8217;06.&nbsp; On the technical side, the Nasdaq continues to hover at the bottom of the upward channel, the S&amp;P remains firmly entrenched in the upward channel, while the Dow is testing resistance of the upward trend line (but is probably just carving out a flatter upward trend).&nbsp; It&#8217;s a fairly busy week before trading begins to wind down ahead of Christmas and New Years, particulary on Tuesday when the PPI and housing starts numbers are released.&nbsp; Until next time, good trading!<\/p>\n<p>::: Model Portfolio Update :::<\/p>\n<p>Following last week&#8217;s Model Portfolio surge of 7%, it pulled back a bit this week and lost 2.5% due to a couple quick strike profit plays gone bad &#8211; in Cauity (CTTY), sold for a 8% loss and Trio Tech (TRT, sold for a 12% loss).&nbsp; With the market breaking out of consolidation on Thursday 2 short positions were covered which combined for just a small loss &#8211; China Life (LFC) covered for&nbsp; 4% loss and Icon (ICLR) covered for a 3% gain.&nbsp; I continue to use just a bit of margin and the portfolio remains dominated by long positions (currently about 80% long, 20% short.&nbsp; The year to date performance stands at 24.6%.<\/p>\n<p>::: Best\/Worst Performers :::<\/p>\n<p>&#8211; Top 10 Performing Industries For the Week &#8211;<\/p>\n<p>1. Grocery 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; 5.25%<br \/>\n2. Office Supplies&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; 4.00%<br \/>\n3. Drug Related 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 \/>\n4. Foreign Regional Banks&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.15%<br \/>\n5. Banks &#8211; Midwest&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; 3.07%<br \/>\n6. Internet Software &amp; Services&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.00%<br \/>\n7. Cement&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;&nbsp; 2.95%<br \/>\n8. Electronic Equipment&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 \/>\n9. Housewares &amp; Accessories&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.70%<br \/>\n10. Life Insurance&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; 2.65%<\/p>\n<p>&#8211; Top 10 Worst Performing Industries For the Week &#8211;<\/p>\n<p>1. Building Materials&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; -5.40%<br \/>\n2. Electronics Wholesale&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; -5.15%<br \/>\n3. 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -3.60%<br \/>\n4. Trucking&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;&nbsp;&nbsp; -3.45%<br \/>\n5. Semiconductor &#8211; Memory&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -3.25%<br \/>\n6. Printed Circuit Boards&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; -3.25%<br \/>\n7. 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -3.20%<br \/>\n8. Nonmetallic Minerals &amp; Mining&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -3.15%<br \/>\n9. 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -3.00%<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;&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. Turkish Invest Fund (TKF)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.45%<br \/>\n2. Templeton Russia Fund (TRF)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.00%<br \/>\n3. Ishares China&nbsp; (FXI)&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; 4.30%<br \/>\n4. Latin America Fund (LDF)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.65%<br \/>\n5. HLDRS Software (SWH)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.10%<\/p>\n<p>&#8211; Worst 5 Performing ETF&#8217;s &#8211;<\/p>\n<p>1. 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -6.30%<br \/>\n2. Central Canada Fund (CEF)&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; -2.75%<br \/>\n3. StreetTracks REIT (RWR)&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; -2.50%<br \/>\n4. PowerShares Biotech (PBE)&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; -2.15%<br \/>\n5. Ishares Tawain (EWT)&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; -2.05%<\/p>\n<p>:::&nbsp; IPO&#8217;s Worth Watching for This Week :::<\/p>\n<p>1. Fuwei Films (FFHL): China-based developer of high-quality plastic film using the biaxial-oriented stretch technique for use in consumer-based packaging, imaging, electronics, and electrical industries and in magnetic products.&nbsp; Set to start trading sometime this week.<\/p>\n<p>2. Melco Entertainment (MPEL):&nbsp; Hong Kong-based operator of casino gaming and entertainment resort facilities in Macau. The company&#8217;s subsidiary, MPBL Gaming, is one of six companies licensed to operate casinos in Macau. Melco PBL is a 50\/50 joint venture between Melco and PBL. It is the exclusive vehicle of Melco and PBL to carry on casino, gaming machines, and casino hotel operations in Macau.&nbsp; Trading set to start Tuesday.<\/p>\n<p>3. Trina Solar (TSL):&nbsp; China-based manufacturer of integrated solar-powered products. The company produces standard solar power modules built to general specifications or designed to fit customers&#8217; specs.&nbsp; Trading set to start on Tuesday<\/p>\n<p>4. Universal Power Group (UPG):&nbsp; Texas-based supply chain and third-party logistics service provider of batteries, related portable power products, and security products.&nbsp; Trading set to start this week.<\/p>\n<p>5. Solarfun Power Holdings (SOLF):&nbsp; China-based manufacturer of photovoltaic (PV) cells and PV modules in China. Solarfun recently incorporated Shanghai Linyang to provide system integration services in China. In November, it won a competitive bid to provide a substantial majority of the PV modules to be used in a 1 MW solar power plant in Shanghai.&nbsp; Trading set to start on Wednesday.<\/p>\n<p>::: Upcoming Economic Reports (12\/18\/06- 12\/22\/06) :::<\/p>\n<p>Monday:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; None<br \/>\nTuesday:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Starts, Building Permits, PPI<br \/>\nWednesday:&nbsp; Crude Inventories<br \/>\nThursday:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GDP (final), Initial Claims, Leading Indicators, Fed Minutes<br \/>\nFriday:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Durable Orders, Personal Income, Personal Spending<\/p>\n<p>::: Notable Upcoming Earnings Reports I&#8217;ll Be Watching This Week :::<\/p>\n<p>Monday: Oracle (ORCL)<br \/>\nTuesday: Factet Research Systems (FDS), Morgan Stanley (MS)<\/p>\n<p>::: Latest Blog Entries &#8211; In Case You Missed Them! :::<\/p>\n<p>&#8211; SelfInvestors Blog &#8211;<\/p>\n<p>None<\/p>\n<p>** Anything you&#8217;d like to see in this report or have suggestions?&nbsp; Just hit your reply button and respond.&nbsp; I&#8217;m all ears! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a few weeks of a bull\/bear stalemate, the bulls won out on Thursday as the market surged higher out of consolidation.&nbsp; Important moves such as the one on Thursday provide clues to future direction, at least in the short term.&nbsp; Right now the market is indicating higher prices as we wind down &#8217;06.&nbsp; On &hellip; <a href=\"https:\/\/selfinvestors.com\/tradingstocks\/weeklyafter-stock-market-review-archives\/weekly-market-report-bulls-win-tug-o-war\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Weekly Market Report &#8211; Bulls Win Tug-O-War<\/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-458","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\/458","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=458"}],"version-history":[{"count":0,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts\/458\/revisions"}],"wp:attachment":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/media?parent=458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/categories?post=458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/tags?post=458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}