This is the second-to-last edition - thanks for your interest and support...
The market continued to do what it has done all year: Rally. Fear not the taper! We aren't too far from the 1800 ceiling, but we are clearly above it. I don't see too many signs of excess, but a few more weeks and the recent rally will look extended. Utilities are a unit oversold. The S&P 500 is just .28 overbought, similar to IWM and DIA at .31. QQQ is only slightly more overbought at 0.60.
Looking at the watchlist ( Download Watchlist122013 ), 80 stocks closed above the 10dma. Note that CTRX and WFM replace ENV and VRTU. The only 10% mover was IRBT, which popped 15% on a Raymond James upgrade. Stocks offering 35% or more to my one-year target include ANV, BCEI, AEO, CTRX, PLCM and AVP . There are no longer any names on the watchlist more than two units oversold, as bottom-fishing has taken off. Moderately oversold names include EZPW, IRG, NEM, EPL, RMD, ROSE, ANV and CTRX. On the prospects, a few jump out: JBL (-2.18) and GWW, FIO and LAYN, all between -1.35 and -1.86. Black 1s number 15.
Here is the spreadsheet for the stocks in the models: Download Positionwatch122013
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