The gain was tiny, but it was another winning week. We broke thought the 1800 ceiling (and 16K on the DJIA), but I don't think that the grinding highs are consequential. I am still expecting a pretty tame close to the year and am sticking to 1740 close, which implies a down December.
Looking at the watchlist ( Download Watchlist112213), 69 stocks closed above the 10dma. 10% losers included ANV and BCEI, while gainers included RAVN, which broke to an all-time high. FL too broke to an all-time high, but its gain was modest. Stocks offering 35% or more to my one-year target include ANV, BCEI and PLCM. Oversold names include IRG and EZPW, and, to a lesser degree, EPL, CLH, SW, ANV, CSCO, MSM, IIVI, NEM and AVP. On the prospects, I would point to VMEM, a failed IPO that was clobbered Friday, and LQDT. Others that are moderately oversold and worth a look are CTRX, LAYN, GWW and RTIX. Black1s fell slightly to 12, while ANV is the only black 5.
Here are the stocks in the models : Download Positionwatch112213
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