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Market Timing Alert: BULLISH Today was a solid, decisive up day. My three primary technical indicators are now decidedly bullish overall. Last Friday, they were neutral overall. My NASDAQ Timing Model (Ver.10q) remains on its July 8 bullish signal. This has not changed. My Performance-of-Recent-Stock-Picks Index has improved from +3.6 on Friday to +5.9 today (scale -10 to +10). This is a change from neutral on Friday to bullish today. You can also see that my stock picks are performing well by glancing at the table of open positions (below). The percentage of stocks trading above their 50-day moving average has improved from 54% on Friday to 61% today. This, by my reckoning (based on the recent trend direction of this metric), represents a change from bearish to neutral. So, with two votes bullish and one neutral, I feel compelled to turn bullish. And, with my two buys earlier today, managed accounts are now more volatile, statistically, than the S&P 500. This is as it should be when the market is moving generally higher. -KD, September 6, 2005
* An average of managed accounts, net after commissions and fees. Individual account results may vary. See also www.deencapital.com/perform.htm. For information on managed accounts, see www.deencapital.com/mgdaccts.htm.
* Net buy prices shown are the total net purchase cost after commissions for all managed accounts divided by the total number of shares. Welcome to The Deen's ListTM, an e-mail stock newsletter from Deen Capital Management, Inc. My intention is to inform you as quickly as is practical regarding my stock market moves. When I buy or sell a stock, first I take care of client accounts, then I buy/sell for my personal account(s), and then, third, I send out this newsletter. Your feedback is welcome. Send e-mail to deenslist@deencapital.com. To subscribe or unsubscribe, include the word "subscribe" or "unsubscribe" in the Subject line. This newsletter is free to managed account clients. For a limited time, it is also free to all interested parties. Your personal information, including your e-mail address, will be held in strict confidence by Deen Capital Management, Inc. We will not share it with or sell it to others. All stocks discussed in The Deen's ListTM involve a high degree of risk. It should not be assumed that any stock discussed in The Deen's ListTM or purchased by Deen Capital Management, Inc. will be profitable. Past performance is not necessarily indicative of future results. The information contained herein has been compiled from sources deemed to be reliable; however, we are not responsible for its accuracy or completeness.
Ken Deen Copyright © 2005 Deen Capital Management, Inc. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||