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Please read carefully our disclaimers at the end of this newsletter. Weekly Status Report: Contents
Typical Client Performance
* An average of managed accounts, net after all commissions and fees. Click here for more performance data. Click here for information on managed accounts. Market Stance: BULLISH (since July 24, 2010) As I expected, the market rallied last week. Deen Capital accounts gained +1.5% on average. However, this is less than the S&P, which tacked on +1.9%. This is a bit of a disappointment. I've taken on more risk than the market, yet so far our recent reward, though good, has been less than the market. I think this is likely to change shortly. I continue to expect outperformance on the up side. (Year-to-date, we continue to outperform the S&P: +5.1% vs. +1.7%.) I continue to see positive psychology at work. For instance, a disappointing jobs report early Friday sent stocks lower in the morning, but most of that loss was recovered in the afternoon. Deen Capital accounts even posted a slight gain on Friday. This is thanks to positive market psychology -- the market is taking bad news in stride. In spite of an overall tepid economy, I am seeing plenty of individual stocks with strong sales growth, strong earnings growth, plenty of positive earnings surprises, plenty of breakouts with good follow-through up trends. And many of these stocks remain under-valued. In other words, this is a very favorable environment for my style of stock picking. Stay tuned. Last week was good, but I suspect the best is yet to come. My Three Primary Technical Indicators:
Prior week Now
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NASDAQ Timing Model (Ver.10r): BEARISH BEARISH (1)
Last signal: BEARISH on Apr 27, 2010
Performance of Recent Stock Picks: +7.7 BULLISH +5.0 NEUTRAL (2)
Market Internals: 74% BULLISH 75% BULLISH (3)
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Market's Overall Technical Rating: BULLISH NEUTRAL
Stocks:Cash ratio (average): 100:0 92:8
(1) A proprietary computer model based on technical analysis of the NASDAQ Composite. (2) This number (from -10 to +10) is based on the performance of ALL my recent stock picks (I actually buy only some of these). A positive number means my recent stock picks are generally rising; a negative number means they are generally falling. Even so, I consider a reading below +3.1 to be bearish. I require a reading of +5.6 or better to call this indicator bullish. (3) This is the percentage of stocks ($8 and up) which are trading above their 50-day moving average. The rating of this percentage (bullish, bearish or neutral) is based on which way it's been moving recently -- up, down or sideways. -KD, Saturday, August 7, 2010
* Buy prices shown are net after commissions. Stocks Sold Over Past 13 Weeks
* Buy and sell prices shown are net after commissions. This means that the gains/losses shown are also net after transaction expenses. 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.
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