4 days down and 1 up, but the end result was that the S&P 500 was basically unchanged for the week. Smaller stocks underperformed, giving up some of their relative gains in a fantastic year for the R2000. Underlying economic data is coming in a bit stronger than expected, so bonds have been a bit under pressure.
Looking at the watchlist ( Download Watchlist120613 ), 58 out of 100 closed above the 10dma. TITN and GWPH were the big losers on the week. TITN had a horrible report and outlook but now trades below tangible book value. Investors are concerned that inventory is too high and that the model is busted. GWPH appears to be just some profit-taking. On the upside, no stock rose more than 6.5%. Black 1s now number , while ANV is a black 5. Oversold names include IRG, EZPW and EPL. Moderately oversold are NEM, CLH, TITN, ANV, SWI, RMD, IRBT, and CSCO. On the prospects, ULTA is -2.44 (boy did I mess up not going short that one at The Analytical Trader, but it just killed me a quarter ago). Other names that I think are interesting and moderately oversold are CTRX, LAYN, GWW, CAS and FIO. 35%+ names include ANV, BCEI, PLCM, GWPH and AEO. ANV is super-risky given their debt and weak industry conditions. We have enough energy exposure, but I do like BCEI. PLCM's new CEO underwhelmed me - I had hoped to become more constructive (my work isn't done though). GWPH is a very interesting story and one where I would likely add at 27.50. AEO is one I might add - very tough space.
Here are the stocks in the models: Download Positionwatch120613
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