Monday, June 05, 2006

New week ...

A new week has started so it's time to scan the Dow Jones 30 and look for potential. Stocks to watch daily: GM, HD, KO, T, WMT. Stocks to watch with interest in coming weeks: AIG, C, HD, INTC, JNJ, VZ.

Now the super condensed version of each analysis.

AA - Alcoa Inc.
  • Long view - Middle of a downtrend, missed the boat.
  • Middle view - If I hadn't missed the boat a good place to add to a 'short' position was Friday of last week.
AIG - American International Group
  • Long View - In a long downtrend, might be ending in coming weeks.
AXP - American Express Inc.
  • Long View - Middle of shaky uptrend, going against the general market is tough.
  • Middle View - Opportunity to add to an earlier 'long' position may be coming in a day or two.
BA - Boeing Co.
  • Long View - Middle of downtrend, missed the boat.
  • Middle View - Friday was good point to add to an earlier 'short' position.
C - Citigroup
  • Long View - Uptrend (since Feb.) coming to a close, possible change in direction in coming weeks.
CAT - Caterpillar Inc.
  • Long View - Middle of downtrend, missed the boat.
  • Middle View - Friday was a good time to add to a 'short' position.
DD - Du Pont
  • Long View - Middle of downtrend.
  • Middle View - Friday was a good time to add to a 'short' position. (Do I sense a theme here?)
DIS - Walt Disney Corp.
  • Long View - Long uptrend (since Oct/Nov 05) losing steam.
GE - General Electric Co.
  • Long View - Previous uptrend dissolving into "sideways" trendlessness.
GM - General Motors
  • Long View - Middle of Uptrend.
  • Middle View - Opportunity to add to previous 'long' position may be coming in a few days.
  • Possible entry point, needs more examination.
HD - Home Depot Inc.
  • Long View - Complicated. Currently in downtrend, supported by Head and Shoulders top (Head in late March). Also has evidence of decent support at current ('bottom') price.
  • Middle View - Doesn't help clear up situation.
  • Best to wait for confirmation one way or the other.
HON - Honeywell Inernational Inc.
  • Long View - Established Downtrend.
  • Middle View - Friday was a good time to add to 'short' position.
HPQ - Hewlett Packard Co.
  • Long View - Previous uptrend disolved into trendlessness.
IBM - International Business Machines
  • Long View - Effectively trendless, weak oscillating trends.
INTC - Intel Corp.
  • Long View - Long downtrend, that has been "slowing" since February. An example of the adage "stocks can fall from their own weight".
JNJ - Johnson and Johnson
  • Long View - Uptrend, possible resistance at current price. Possible breakout from further view (monthly) downtrend.
  • Watch in coming weeks.
JPM - JP Morgan Chase Co.
  • Long View - Middle of Downtrend.
  • Middle View - Good 're-entry' point last Friday.
KO - The Coca-Cola Co.
  • Long View - Uptrend starting to reverse, may be short lived (a correction in an even longer term view).
  • Middle View - Friday was a decent entry point.
  • Watch daily for entry points.
MCD - McDonalds Corp.
  • Long View - Middle of slow downtrend.
  • Middle View - Last friday a good point to add to 'short' position.
MMM - 3M Co.
  • Long View - Middle of downtrend.
  • Middle View - Last friday a good point to add to 'short' position.
MO - Altria Group Inc.
  • Long View - Effectively trendless, weak oscillating trends. (Would be strong trends if I had a shorter investment time-frame).
MRK - Merck Co. Inc.
  • Long View - Middle of downtrend.
  • Middle View - Last friday good point to add or 're-enter' a 'short' position.
MSFT - Microsoft Corp.
  • Long View - Established Downtrend, possibly weakening.
PFE - Pfizer Inc.
  • Long View - Middle of Downtrend.
  • Middle View - Good add-to or re-enter point today.
PG - Proctor and Gamble Co.
  • Long View - Established downtrend.
T - AT&T Inc.
  • Long View - Recent uptrend.
  • Middle View - Possible entry point coming soon.
  • Watch daily for entry points.
UTX - United Tech
  • Long View - Middle of downtrend.
  • Middle View - Good add-to / re-entry point last friday.
VZ - Verizon Communications
  • Long View - Establihed downtrend, may be coming to a close.
  • Watch in coming weeks.
WMT - Wal-Mart Stores
  • Long View - Recent downtrend, probably short lived.
  • Middle View - Missed entry point at start of trend.
  • Watch daily for confirmation and entry points.
XOM - Exxon Mobil Corp.
  • Long View - Middle of downtrend.
  • Middle View - Last friday good add-to / re-entry point.



Current Trades

What is it? BlahBlah

Ticker: XXXX

Cost: $X.XX

Value: $X.XX

Exit Point: $X.XX



Trading Account Summary

Current Balance: $X.XX

Current Value: $X.XX

Highest Value: $X.XX

Lowest Value: $X.XX

Highest Drawdown: XX%

1 Comments:

Anonymous Anonymous said...

This suppose to be condense? :O

7:06 PM  

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