2007 Feb 28 - Wed

2007/02/27 Market Notes

Well that was an interesting day. The Dow bottomed out around 537 and rebounded up to being down 400 for the day. The one point I wanted to remind myself of was that the Dow futures were noticeably down in early morning trading, before the bell. Even before that, there were notes about early morning Chinese sell-offs happening. It is said that during yesterday's trading, "China's Shanghai Composite reversed early losses to end at a record in its first day after Lunar New Year celebrations".

Today's "declines came on concerns that the government may introduce additional macro-economic tightening measures to cool speculative activity".

It has been noted that this day approached the one day loss of September 17, 2001.

The market psychologists would probably suggest a rebound slightly for tomorrow as the professionals buy back. I can't put a date on it, but a the beginning of last year, oils caused a big dip, but the original market highs were re-attained within a week or so. Come to think of it, it may have been the year before where we had a dip and a rebound.

It is interesting to note that John Mauldin's Weekly E-Letter on Saturday talked about the 51.9% Recession based upon an inverted yield curve.

So, we have a toss up, are the pro's going to buy back in, or is retail going to bring it down more for the next couple of days.

[/Trading/MarketNotes] permanent link

Darvas Selections for 2007/02/28

Here are the selections for Wednesday. These lists have the Darvas stop calculated in the second column.

Start: 2007-01-27 High: 2007-02-22 EOD: 2007-02-27 Symbol Stop ADI 36.64 AKS 22.03 ALTR 21.48 AMKR 12.04 ATHR 26.71 ATI 104.51 AUY 15.25 BG 84.03 BGO 6.32 BNI 84.57 CA 25.45 CERN 53.28 CF 38.11 CHL 49.57 CNP 18.31 CTSH 91.00 DD 52.95 ED 49.25 FAF 46.70 GILD 73.25 GS 219.26 GT 25.85 HAS 29.47 HL 8.40 HLT 35.84 HLTH 15.48 IR 44.00 JBHT 27.48 JOYG 52.94 LM 106.28 LWSN 8.44 MCK 56.48 MET 65.79 MHS 67.57 MOS 26.26 NBL 57.06 NIHD 70.54 NRG 65.79 NTES 21.29 NWL 30.47 NYB 17.35 OMC 100.61 OMX 51.85 ONNN 10.46 PAAS 31.52 PD 124.40 PENN 42.95 PMTC 20.18 POT 161.00 PWR 23.31 RIO 36.68 RRC 31.25 RYI 34.01 SCUR 9.35 SHLD 187.27 SIX 6.28 STM 19.92 SYK 63.50 TEVA 37.76 TRA 17.78 TSM 11.30 UIS 8.92 USU 14.98 UVN 35.94 WIN 15.10 XL 73.99 YRCW 42.92

Start: 2007-01-27 High: 2007-02-21 EOD: 2007-02-27 Symbol Stop AFFX 27.01 AKS 22.03 ARRS 15.01 ATI 104.51 AUY 15.25 AXL 25.82 BAX 50.32 BG 84.03 BGO 6.32 BNI 84.57 CA 25.45 CE 28.71 CHRW 53.50 CORI 4.99 CTV 38.99 DD 52.95 DISH 42.51 DLTR 33.89 EGO 6.20 EMC 14.38 FEIC 34.34 FHN 44.05 FRK 65.85 GIGM 12.80 GILD 73.25 GNW 36.87 GT 25.85 HAS 29.47 HL 8.40 HLTH 15.48 HOLX 57.70 ICE 158.05 JBHT 27.48 JCP 85.68 JOYG 52.94 LWSN 8.44 LYO 32.48 MCK 56.48 MHS 67.57 MOS 26.26 MTW 58.51 NBL 57.06 NRG 65.79 NWL 30.47 NWS.A 23.04 PAAS 31.52 PD 124.40 POT 161.00 PWR 23.31 RIO 36.68 RRI 17.06 RSH 23.95 SHLD 187.27 SVM 13.50 TEVA 37.76 TRA 17.78 UVN 35.94 VIV 4.02 WIN 15.10 WYN 35.10 XL 73.99

Start: 2007-01-27 High: 2007-02-20 EOD: 2007-02-27 Symbol Stop AET 45.38 ALGN 17.01 ALKS 17.30 AOC 38.95 BAX 50.32 BG 84.03 CE 28.71 CERN 53.28 CHRW 53.50 CL 68.56 CNP 18.31 CTB 16.84 CTV 38.99 DD 52.95 DISH 42.51 DLTR 33.89 DTC 9.13 FEIC 34.34 FHN 44.05 FIS 45.80 FRK 65.85 GIGM 12.80 GNW 36.87 GS 219.26 HLT 35.84 HLTH 15.48 ICE 158.05 IR 44.00 JBHT 27.48 JCP 85.68 LWSN 8.44 LYO 32.48 MCK 56.48 MHK 93.12 MOS 26.26 MTW 58.51 NBL 57.06 NRG 65.79 NWL 30.47 NYB 17.35 ONNN 10.46 POT 161.00 PRU 92.83 PWR 23.31 PX 64.20 RRI 17.06 RSH 23.95 RTH 106.38 SHLD 187.27 SIMO 21.50 STM 19.92 SVM 13.50 TGT 63.20 TMX 30.75 TRA 17.78 UST 59.44 WYN 35.10 XLP 26.86 XLY 39.99 ZMH 85.94

[/Trading/Darvas/D200702] permanent link

Darvas Results at EOD 2007/02/27 with EOD Signal of 2007/02/26

In comparison, the Dow Jones Industrial Index opened at 12628, had a lower high of 12629, had a lower low of 12086, and closed down for the day at 12216.

Dow futures were way down before the start of trading and indicated that today might not be a good day to enter, or perhaps prefer to short these instruments.

Symbol	#	Open	High	Low	Close	Stop	O->H	O->C
AET	2	45.50	45.65	43.49	44.28	45.38	0.15	-1.22
AFFX	1	27.19	27.23	25.94	25.94	27.01	0.04	-1.25
AKS	1	21.71	21.71	20.08	20.41	22.03	0.00	-1.30
ALGN	2	16.71	16.87	16.30	16.33	17.01	0.16	-0.38
ALKS	2	17.15	17.16	16.27	16.74	17.30	0.01	-0.41
AMP	1	61.34	61.34	56.74	58.13	61.75	0.00	-3.21
AOC	2	38.50	38.63	37.05	37.36	38.95	0.13	-1.14
ARBA	1	9.30	9.59	9.16	9.21	9.79	0.29	-0.09
ARRS	1	13.58	13.69	13.01	13.06	15.01	0.11	-0.52
ATI	1	101.49	104.18	95.79	98.67	104.51	2.69	-2.82
AUY	1	14.78	15.12	13.53	14.05	15.25	0.34	-0.73
AXL	1	25.63	25.67	24.52	24.66	25.82	0.04	-0.97
BAX	2	50.10	50.40	48.10	49.10	50.32	0.30	-1.00
BG	2	82.35	83.61	76.50	78.96	84.03	1.26	-3.39
BGC	3	51.15	52.00	47.00	50.09	52.46	0.85	-1.06
BGO	1	6.30	6.30	5.43	5.96	6.32	0.00	-0.34
BNI	1	80.13	81.22	78.27	78.89	84.57	1.09	-1.24
BSG	1	13.34	13.41	13.17	13.34	13.43	0.07	0.00
CA	1	26.67	26.80	25.75	26.19	25.45	0.13	-0.48
CE	3	29.00	29.29	28.28	29.15	28.71	0.29	0.15
CERN	1	53.54	53.70	50.92	51.30	53.28	0.16	-2.24
CHRW	2	53.02	53.17	51.37	51.65	53.50	0.15	-1.37
CL	2	68.38	69.00	66.75	67.34	68.56	0.62	-1.04
CNP	1	18.38	18.43	17.64	17.85	18.31	0.05	-0.53
CORI	1	5.03	5.03	4.99	5.01	4.99	0.00	-0.02
CTB	1	15.42	15.70	14.56	14.70	16.84	0.28	-0.72
CTV	2	39.51	39.51	36.91	37.62	38.99	0.00	-1.89
DCX	1	69.30	69.49	66.26	67.30	69.80	0.19	-2.00
DD	3	52.70	52.87	48.63	51.30	52.95	0.17	-1.40
DISH	3	42.17	42.29	40.52	40.90	42.51	0.12	-1.27
DLTR	2	33.84	33.87	32.78	32.99	33.89	0.03	-0.85
DTC	2	8.62	8.75	8.23	8.52	9.13	0.13	-0.10
EGO	2	6.20	6.35	5.79	6.03	6.20	0.15	-0.17
EL	1	47.31	47.99	45.60	45.76	48.15	0.68	-1.55
EMC	1	14.30	14.30	13.72	13.75	14.38	0.00	-0.55
FEIC	2	34.00	34.06	32.61	33.15	33.34	0.06	-0.85
FHN	3	44.13	44.13	42.49	42.95	44.05	0.00	-1.18
FIS	2	46.55	46.61	45.08	45.29	45.80	0.06	-1.26
FRK	2	67.31	67.61	66.49	66.59	65.85	0.30	-0.72
GIGM	2	12.20	12.70	11.21	12.15	12.80	0.50	-0.05
GILD	1	73.40	73.40	70.00	70.58	73.25	0.00	-2.82
GNW	2	36.04	36.05	34.80	35.00	36.87	0.01	-1.04
GS	1	209.75	210.40	194.65	199.76	219.26	0.65	-9.99
GT	1	25.39	25.42	24.01	24.41	25.85	0.03	-0.98
HAS	2	28.86	28.99	28.15	28.64	29.47	0.13	-0.22
HL	1	8.28	8.29	7.57	7.69	8.40	0.01	-0.59
HLT	1	36.14	36.15	34.56	34.86	35.84	0.01	-1.28
HLTH	2	14.93	15.00	14.45	14.61	15.48	0.07	-0.32
HOLX	1	57.35	57.35	53.60	54.70	57.70	0.00	-2.65
ICE	3	152.30	153.58	143.11	144.58	158.05	1.28	-7.72
IR	2	44.51	45.01	41.10	42.77	44.00	0.50	-1.74
JBHT	3	26.84	26.94	26.15	26.25	27.48	0.10	-0.59
JCP	2	81.75	82.20	79.52	80.28	85.68	0.45	-1.47
JOYG	1	52.00	52.38	49.41	50.33	52.94	0.38	-1.67
KG	1	18.43	18.49	17.91	17.91	18.66	0.06	-0.52
LWSN	3	8.18	8.23	7.92	7.97	8.44	0.05	-0.21
LYO	2	32.28	32.58	31.05	31.57	32.48	0.30	-0.71
MCK	3	57.10	57.15	55.11	56.06	56.93	0.05	-1.04
MHK	2	90.00	90.15	87.00	88.75	93.12	0.15	-1.25
MHS	1	66.15	67.45	64.54	65.18	67.57	1.30	-0.97
MOS	3	25.66	25.66	24.27	25.10	26.26	0.00	-0.56
MTW	2	60.09	61.87	58.50	59.03	59.02	1.78	-1.06
NBL	3	57.44	58.28	56.58	57.25	57.06	0.84	-0.19
NMX	1	130.00	134.50	125.67	126.98	134.59	4.50	-3.02
NOC	3	73.15	73.64	71.55	71.91	74.67	0.49	-1.24
NOK	1	22.37	22.51	21.50	21.87	23.02	0.14	-0.50
NRG	3	67.15	67.70	66.01	66.25	63.71	0.55	-0.90
NWL	2	30.97	31.10	30.20	30.40	30.55	0.13	-0.57
NWS.A	1	23.44	24.08	22.22	22.37	23.04	0.64	-1.07
NYB	1	16.74	17.00	16.60	16.71	17.35	0.26	-0.03
ONNN	2	10.32	10.50	9.81	10.10	10.46	0.18	-0.22
OSK	1	54.79	54.81	52.09	53.39	54.77	0.02	-1.40
PAAS	1	30.90	31.23	28.56	29.22	31.52	0.33	-1.68
PD	2	125.75	126.34	122.53	123.00	124.77	0.59	-2.75
POT	3	163.76	164.08	148.54	155.37	161.00	0.32	-8.39
PRU	1	92.26	92.36	89.78	90.21	92.83	0.10	-2.05
PWR	2	23.40	23.40	22.00	22.68	23.31	0.00	-0.72
PX	1	63.73	63.90	60.23	61.47	64.20	0.17	-2.26
QCOM	1	41.06	41.67	40.00	40.25	41.57	0.61	-0.81
RFMD	1	8.20	8.37	8.11	8.22	8.34	0.17	0.02
RIO	1	34.57	35.25	31.58	33.01	36.68	0.68	-1.56
RRI	3	17.10	17.29	16.45	16.87	17.06	0.19	-0.23
RSH	2	23.55	26.24	23.37	25.13	23.10	2.69	1.58
RTH	1	103.87	104.04	100.76	101.71	106.38	0.17	-2.16
SHLD	3	183.58	184.43	178.12	178.54	187.27	0.85	-5.04
SIMO	2	21.10	21.30	19.03	20.30	21.50	0.20	-0.80
SNE	2	53.20	53.34	51.11	51.70	52.77	0.14	-1.50
STI	1	86.01	86.02	83.46	83.92	85.65	0.01	-2.09
STM	1	19.50	19.54	18.87	19.09	19.92	0.04	-0.41
SVM	2	13.72	13.76	13.34	13.40	13.50	0.04	-0.32
TEVA	1	36.77	36.93	35.36	35.51	37.76	0.16	-1.26
TGT	1	61.70	62.00	59.40	59.40	63.20	0.30	-2.30
TMX	1	30.51	30.68	29.06	29.23	30.75	0.17	-1.28
TRA	3	18.04	18.05	15.88	16.88	17.78	0.01	-1.16
UST	1	59.88	59.88	57.61	58.06	59.44	0.00	-1.82
UTX	1	66.25	66.80	64.75	65.46	68.75	0.55	-0.79
UVN	2	35.91	36.02	35.88	35.90	35.97	0.11	-0.01
VIV	1	3.76	3.87	3.53	3.70	4.02	0.11	-0.06
VSEA	1	49.19	49.20	47.25	47.80	49.18	0.01	-1.39
WCI	1	20.99	21.39	20.58	21.11	23.64	0.40	0.12
WHR	1	93.00	93.01	89.40	89.95	95.04	0.01	-3.05
WIN	1	15.31	15.32	14.50	14.68	15.10	0.01	-0.63
WYN	2	35.25	35.58	34.19	34.24	35.10	0.33	-1.01
XL	1	72.86	73.36	71.19	71.54	73.99	0.50	-1.32
XLP	2	26.69	26.71	25.81	26.20	26.86	0.02	-0.49
XLY	1	39.08	39.09	37.68	38.15	39.99	0.01	-0.93
ZMH	1	84.80	87.14	81.74	83.74	85.94	2.34	-1.06
107		4578.87					39.00	-139.31

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