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Vol. 1 # 7-12
Marco's New Highs Report
Vol. 1, # 7 April 8, 2007
TSX Touches
New High
The Toronto Stock
Exchange touched a new high Friday
before pulling back a bit. It has fully
recovered lost ground since the
correction that started Feb. 28th. The
Dow and the NASDAQ, meanwhile, are also
recovering but have a way to go to reach
their 52 weeks highs. The Dow is still
off over 200 points with the NASDAQ
lagging around 60 points. Nevertheless,
both are showing strength and a reaching
new 52 week highs seems likely within
the next month.
Our New Highs on the
TSX page is up at http://breakoutreport.com/
. The number has increased to 223 from
164 last week as the TSX gained almost
2% for the week.
Revisiting Our Filtered Lists
In our first two issues, I ran filters
with ChartSmart looking for stocks
within 5% of their highs and with 5
years of earnings growth. Feb. 24th I
searched stocks on the TSX as well as
the NASDAQ. The following week I
searched the NASDAQ again and the Dow.
This was after the big plunge. I have
archived Issues 1 to 6 on the website so
you can review them quickly at
Vol 1 Archive.
Looking back at those stocks today, we
find the three of those five stocks have
advanced. Two of those three,
incidentally, were already on my Watched
List after having been reviewed in our
subscription newsletter, the
Break Out Report.
The American stocks did not fare as
well. Of the 19 we listed, only three
have made a notable advance. Those three
are Gigamedia (GIGM) which is up 12.9%,
Middleby Corporation (MIDD) which is up
14.2% and Silicon Precision Industries (SPIL)
which is up 12.9%. The rest had little
change for the most part. Of course, the
lists we made were a preliminary look. A
quick search using ChartSmart or any
other search software will give you a
starting point from which to investigate
further. And the American exchnages have
not recovered as fully as the TSX so the
other stocks on these lists could yet
turn out to be big gainers over the next
year. We shall see. Meanwhile, the three
outperformers noted above are worth a
closer look. They all met my criteria
for investment and if I bought US
stocks, I would consider them, even
though they have had a significant rise.
New Filtered Search
The following five NYSE stocks appear to
breaking out of Darvas boxes to the
upside. See
Applying the Darvas Method
for an explanation of this concept. How
well they might fit our other criteria
is an exercise for you to do.
These are just five of 74 NYSE stocks
that showed up with our filtered search
using ChartSmart.
Online
Podcasts
Yours trulky is interviewed weekly on
Howestreet.com's Gold Radio program.
Recently I was also interviewed in a
video segment hosted by David Ingram.
Check them both out!
Apr. 3, 2007 - click this
link to listen to my 20 minute podcast
with Phil Mackesy on HoweStreet.com last
week.
Apr. 1, 2007 - check out my
video interview conducted by David
Ingram for Howestreet.com
Be sure to check out
ChartSmart! It's a fantastic tool!
Follow this link. Make sure your audio
is on.
ChartSmart.
Until next week,
Invest well and prosper!
Marco
Marco's New Highs Report
Vol. 1, # 8 April 14,
2007
TSX
Touches New High Again
The Toronto
Stock Exchange again closed the
week at new highs. So far April
has been a phenomenal month for
investors and for the Model
Portfolio we chart in our
subscription newsletter, the
Break Out Report. Take a look at
stocks like...well...no...not
going to tell anyone but
subscribers to the subscription
report what the stocks are we
are following...but they are
doing well and cover a broad
cross section of the market.
They are not narrowly focused on
oil or gold or technology but
cover "ones with the potential
to do well" from whatever
sector. Why not try a trial
subscription to the Break Out
Report if you're not already a
subscriber? The first month is
free so if you don't like it,
cancel after the first two
issues at no charge! What a
deal! Echoing Howie Mandel,
I ask you -
Deal or
No Deal?
Our New Highs
on the TSX page is up at http://breakoutreport.com/home.htm
. The number has increased
to 227 from 223 last week as the
TSX gained 1.14% for the week.
From
the Current Issue
A new issue
of the Break Out Report comes
out tomorrow. Those readers of
this report who are subscribers
will likely see it later today
as yours truly and the missus
are participating in the Sun Run
Sunday. It's the largest 10km
run in Canada and the second
largest in North America. We
have not done this before so it
will be interesting. We're also
not runners, so we will be
walking the course. (I have an
excuse - I have flat feet!) The
run is an early start so I will
get the newsletter (which is
finished and just waiting for
review) out later today.
In any event, the current issue
is my Quarterly Review of the
stocks on my Watched List. Every
quarter I review the 50 or so
stocks on the list noting how
the stock has performed since we
profiled it, how it has done in
the last quarter, what its short
term trend line is, how the
earnings per share have fared in
the last reported quarter and
whether I will continue to
follow it in my Watched List or
am dropping it. As I point out
on page one of the Report, "22
of the 55 stocks in our Watched
List are up over 100% from when
first featured. That’s a .400
home run average which is darn
good for baseball and even
better for stock picking!$10,000
invested in each of the five top
performing stocks on our Watched
List when first featured would
today be worth a whopping
$343,888."
Interestingly enough, mystery
stock # 5 is being dropped from
my Watched List as it has gone
nowhere in well over a year and
earnings are starting to decline
drastically. This stock was up
644.47% for us at one time. We
have previously dropped other
stocks that have more than
doubled in value that had, in
our opinion, peaked. And many
others have been dropped from
our Watched List after being
taken over at a hefty profit for
our readers by another company.
The latest was La Senza which
was up 227.58% for our readers
when it was taken over by
Victoria's Secret in January.
Speaking of
secrets, if you're not a
subscriber, here's a chance to
find out what those mystery
stocks are -
Deal or
No Deal?
Articles of the Week
Last week I forgot to
include the link to the
Article of the Week, my
partner Ken's comparison of
stocks to weather phenomena
in Tornadoes and Hurricanes.
This week I add a look at
oil prices which, at least
at the gas pump, are
starting to get annoyingly
high. Is there hope for us
as consumers? You bet there
is! As I argue in the
article, the price of oil
will eventually come down.
Online Podcasts
Yours truly
is interviewed weekly on
Howestreet.com's Gold Radio
program. Recently I was also
interviewed in a video segment
hosted by David Ingram. Check
them both out!
Apr. 10, 2007 -
click this link to listen to my
20 minute podcast with Phil
Mackesy on HoweStreet.com last
week.
Apr. 1, 2007
- check out my video interview
conducted by David Ingram for
Howestreet.com
Be sure to
check out ChartSmart! It's a
fantastic tool! Follow this
link. Make sure your audio is
on.
ChartSmart.
Until next
week,
Invest well and prosper!
Marco
Marco's New Highs Report
Vol. 1, # 9 April 21,
2007
Dow
Jones Pushing for 13,000
The Dow Jones
Industrial Average had a
sterling day Friday, up a
whopping 153.35 points for a new
all-time closing high of
12,961.98 and a new intraday
high of 12,966.29, just 33.71
shy of 13,000. A 40 point day
Monday will push it over the
13,000 barrier. The Dow finally
broke its 2000 pre-crash high of
11,908.5 set on Jan. 14, 2000 in
October. Now it is over a
thousand points higher. With
overhead resistance broken for
over six months and a key
barrier to further advances
about to be broken, there is
little doubt the Dow has been in
a bull market since March of
2003.
Meanwhile,
the doom and gloom set remain in
denial that the Dow is in a bull
market. When people view the
market through ideologically
tinted lenses, they often miss
what is really happening. A
prime example is this quote from
a well known gold bug and market
naysayer in his April 20th
newsletter: "I try to take a
long range view. For example,
the stock market just had eight
consecutive up days, which was
duly celebrated by the
traditional financial press.
"That didn't
impress me that much because I
believe that whatever the stock
market does will be short lived.
That is the long term
perspective. In fact,
there is a chance that during
the next major decline the Dow
could drop to as low as 4000."
He avers, of course, that you
could have made more money in
the precious metals markets
during this time. Well, here is
my weekly Indicators table:
As you can
see, this analyst is right in
one respect, the price of gold
is up 9.06% for the year to date
while the Dow and NASDAQ are up
4.00% and 4.60% respectively.
The XAU, however, which is an
index of gold and silver stocks,
is up only marginally at 0.99%
so he was wrong there.
Meanwhile, I have to get my own
horn out of the closet and toot
it a bit - my Model Portfolio is
up 18.25% for the year to date.
I believe a narrow focus on one
sector of the market is
wrong-headed. This analyst is
focused almost exclusively on
resource stocks, namely oil and
gas, gold and silver, and a nod
to uranium and
copper. Certainly these areas
have done well. In my Model
Portfolio right now, the mix is
29% mutual funds of which about
two thirds is Canadian small
cap, one sixth is resource based
and one sixth is emerging
markets), 6% cash and the rest
in 13 stocks of which 3
are mining stocks, one is mining
services, two are technology
companies serving the oil patch,
three are industrial, one is an
engineering company, one is in
forestry in China, one is a
clothing manufacturer and one is
a retailer. In my Watched List,
the mix is as follows:
While there
is a heavy weighting to the
mining sector and the oil and
gas sector, they have a
combined weight of 17 out of 53
stocks. There is a good
assortment of consumer and
industrial stocks as well.
One newsletter writer who I
greatly admire is Pat McKeough
of The Successful Investor.
Pat has always advocated
allocating your investments over
the main sectors of the economy
including resource,
manufacturing, retail and
financial. This remains sound
advice. I follow a more
in-the-moment approach,
weighting more heavily in hot
sectors while they're hot, but
always open to change in the
market place and change in the
mix of stocks I follow and the
stocks I include in my Model
Portfolio.
To find out more about the
Watched List and the Model
Portfolio, why not subscribe to
our paid subscription
newsletter. You get a month free
and can cancel before any
charges are assessed if you
don't like it.
Subscribe Now!
Our New Highs
on the TSX page is up at http://breakoutreport.com/home.htm
. The number soared to 277
from 227 last week as the TSX
continued to advance.
Articles of the Week
Following up on the above,
this week's feature article
is a review I did of Harry
Dent's The Next Great Bubble
Boom. I've also linked to a
review of Bill Bonner and
Addison Wiggin's Empire of
Debt. Bonner and Dent are
opposite sides of the same
coin. One predicts doom and
gloom and the other preaches
pie in the sky. But both are
one trick ponies, basing
their analysis on a narrow
view - Bonner on a hard
money approach to economics
and Dent on demographics.
Neither side seems to
consider much else, leaving
them both to make outrageous
and opposite predictions.
The truth probably lies
somewhere in between.
Online Podcasts
Yours truly
is interviewed weekly on
Howestreet.com's Gold Radio
program. Recently I was also
interviewed in a video segment
hosted by David Ingram. Check
them both out!
Apr.
17, 2007 -
click this link to listen to my
20 minute podcast with Phil
Mackesy on HoweStreet.com last
week.
April 16, 2001 -
Click this link for an interview
with Lesley Scorgie on
HoweStreet.com
Apr.
1, 2007
- check out my video interview
conducted by David Ingram for
Howestreet.com
Be sure to
check out ChartSmart! It's a
fantastic tool! Follow this
link. Make sure your audio is
on.
ChartSmart.
Until next
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