Monday, July 13, 2009

Stock Sector TradeGroup MarketCycle360 signals sell "Financial"for gain YTD 8% vs S+P -2%

My Model Tradegroup "Sector stocks" signalled SELL in Finacial ( FNM-Fannie Mae) for a +3.6% Gain in 7 days of trading. ( risk trailing at 4% Trailing on platform)

The Next Momentum stock area is "Consumers"..will follow this trend and let you know outcome in coming weeks

A Good best practice is to now put a group of consumer stocks and let MC360 runs its course to select the "best stock with-in this sector".

Below is the Model TradeGroup that I have set up so far ( we have over 100+ of these)

*** Please click on image to make clearer****



Below is the Trades YTD so far that MC360 triggered ( please click on image to make clearer)

The Monday Recap of whats is happening in Data:

"ECONOMISTS stoked up hopes of a recovery in the US economy as hopes grew that retail sales and factory data would this week point to a further improvement in the state of the world's biggest economy.
Following poor consumer sentiment data and falling stock prices last week, economists are hopeful that fresh data will show that retail sales in the US increased in June for a second straight month and factory production fell at a slower pace as the recession abated.
Sales gained 0.4pc after a 0.5pc increase in May, according to the median estimate in a Bloomberg News survey before the Commerce Department's official report tomorrow. The next day, Federal Reserve figures may show industrial output fell 0.6pc last month after a 1.1pc drop in May.
Consumers are venturing back into stores, seeking discounts and favouring necessities such as food or fuel. But even though the projected increase in sales and reports this week on housing may show the worst of the downturn has passed, a turnaround is likely to be gradual.
"The spending is more on staples than discretionary purchases," Tom Porcelli, a senior economist at RBC Capital Markets in New York, said last week. "Aggregate demand is still amazingly weak. Things aren't falling apart, but don't expect a robust recovery."
Losses
An index of consumer confidence dropped last week on concerns about job losses, sending stocks lower. The Standard & Poor's 500 Index closed at 879.13 in New York last Friday, down 0.4pc from the previous day, capping its fourth straight weekly loss. The Dow Jones Industrial Average closed down 0.5 percent to 8146.52.
Activity in housing and construction may also show signs of bottoming out.
A Commerce Department report due on Friday may show builders broke ground on houses at a 528,000 annual rate in June, after a 532,000 pace the prior month and compared with a record-low 454,000 in April, according to the survey. Building permits, which point to future construction, are also likely to rise.
The deterioration in industrial production may ease as companies, which have been slashing output to get rid of excess inventories, make progress in bringing stockpiles closer to demand. Still, the report may also show capacity utilisation continued to decline, economists said.
US car dealers struggled last month, as sales dropped to a 9.7 million annual pace from a 9.9 million rate in May.
Sales plunged 42pc from a year earlier at Auburn Hills, Michigan-based Chrysler Group, and dropped 34pc at General Motors, located in Detroit.
Excluding automobiles, retail sales probably rose 0.5pc in June, matching the gain in the prior month. "

Will keep you posted on earlier blogs with updates on ealier trades


Best and Happy Trading

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