Sorry for the brevity - tight on time this weekend...
Not much going on in the market - we have Jackson Hole this week. Interest rates had a spike and reversal this week. Emerging markets bounced too. These are the key things to watch right now in my view. I am expecting an end to this rotational and mild correction as volumes pick up after Labor Day.
Stocks on the watchlist ( Download Watchlist082313 ). No stocks moved more than 10% this week. IRG joins URI, ANV and BCEI on the 35%+ one-year projected return list. Oversold names on the watchlist: IRG, ANV, SWI, FL, ISRG, TITN, MAT, PSMT, HAYN, VWO and CHS. On my prospects list, AEO , FIO, and XEL stand out. 56 out of 100 names closed above the 10dma.
Here are the positions in the two models ( Download Positionwatch082313 ). CHS reports on Wednesday.
I will be attending a conference on Thursday...
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