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|This bulletin was published on Sunday,
Jan 14, 01 just for you.
Past Weekly Bulletins
So, was it good for you? Meaning last week’s market. What did you think I meant…Silly?! Have you looked at the NASDAQ Composite lately? No? Well you might want to take a gander at it every now and then, as the information found on its chart is most insightful.
An even dozen new Rollers popped onto the List, and nine old ones dumped, since our last get together. The “P” family sponsored ten of new, as well as Jet and M. L. Howe who each donated one. As a sample of these new-be (write in and tell me how to correctly spell “new-be”…will ya?) stocks run a chart on PNRA and POWI. They’re sharp and under $20. as well! To see the rest, look on the List itself.
Some of our Rollers ran up and tried to touch the stars. Run charts on A, MCCC, ,MXWL, NTSE, OTEX, PLT, and QLGC. Once you’ve run them, research the stock and try to determine what caused each to climb so well. Was it excellent news from the press, a fresh earnings report, or what? This information/experience will make it that much easier for you to determine when other stocks are ready to pop up in price.
The RS100 train has been roaring along at a blinding speed, causing me to fall behind on my duties. Because of this another Weekly Update will follow this one, which is running about a week late, within the next 24 hours. The next Update will also have new Rollers, most of which were found with the help of your friend and mine the letter “Q”.
Did ya know?
The first five trading days of the year have proven to be an excellent indicator of how the market will close out the year ahead. Since 1950, this little barometer has been accurate in all but three years. This year, the market, (as determined by the S&P; 500) closed the first five trading days of the year with a gain of about 12 points. It’s tiny, but hey, its a good sign, that the market will end the year on a positive note. We'll keep this tidbit of trivia in the back of our minds as we follow the market story for the year 2001.
This week, the market is closed on Monday, and on Wednesday, the Fed will be keeping a close eye on the Consumer Price Index (CPI). If inflation is tame, the markets will be looking for further interest rate cuts.
The NASDAQ Composite tells you… Who is in control of the market? The Bulls or the Bears?
Until I got truly interested in the stock market and Rolling Stocks, and even for a period thereafter, I could never remember what the terms “bull market” and “bear market” meant. I knew that one term was used to indicate an upswing in the market and the other a downswing. I simply couldn’t remember which was which. Being a self proclaimed simpleton I came up with something to help me remember. It was the mental image of a bull charging. Upon impact, the bull tosses its adversary “UP” into the air. When we’re in a bull market or, if you prefer, when the bulls have control of the market, the market is “UP”. A bearish market is just the opposite. Welcome to LLH’s low impact thinking.
Back to the NASDAQ Composite…
The chart shows the current trend line and the periods of time that the Bulls run the show or the Bears run the show. Just so we're all on the same page, since Christmas the Bulls have been back.
When the Bulls are in control, things are "normal". When prices run up, volume runs up. When prices drop off, volume drops off.
When the Bears are in charge, prices still run up but volume drops during the run. In Bearish conditions prices drop on increasing volume.
What we want to look at here is the daily volume change during a price-run increase or decrease. In the lower indicator, volume+, look for consecutive black bars stepping up in Bullish conditions and stair step down in Bearish conditions. The consecutive red bars will stair step down in Bullish conditions and the red volume bars will step up in Bearish conditions.
A review of the NASDAQ Composite chart lately does leave you with the impression that the Bulls are back. This DOESN'T necessarily mean that we have a confirmed bottom. The market can still go lower. What it does mean is that there has been a dramatic shift in investor psychology.
Well, the market finally put in a higher low this week. (For the last few months, it has been progressively making lower lows). A market trending up is characterized by higher lows and higher highs, while a market trending down is characterized by lower highs and lower lows. We now have the first step in establishing a new trend in the market, however until we can get the next step, which is making a higher high, there's still a little ways to go.
The NASDAQ has not broken its intermediate downtrend, yet. Things are changing. Like the saying goes, "the Queen Mary uses a lot of ocean when it reverses course."
The NASDAQ has moved from Bear to Bull… Yeh!!
Did ya know?
The RollingStock100 has a couple of brand spanking new Internet addresses (URL’s if you’re a Geek) for you to use for accessing the site. Are you finding that the original RollingStock100.com address is kinda’, sorta’ hard to remember? Yes? Well then, these two “easier to remember” names, http://www.100Rollers.com and http://www.100RollingStocks.com , should make popping into the site a wee bit easier for you. Of course… both will take you directly to the original home page that we’ve all learned to know and love :~) Now when you tell your buds and girl-friends about that great Rolling Stocks website with the list of 100 picks you’ve been so excited about, you’ll be able to spit the name/address out with no hesitation! It’s all about you…Man! It’s all about you!
If you'd like to view the past Weekly Bulletins, there are a variety of places to go. Take you're pick! You'll find they're easily accessible for your viewing at Delphi Forums, RS100's Premium Board, Yahoo! Clubs, MSN Clubs, The Motley Fool, Lycos Clubs, and The Raging Bull.
I know what your thinking... What idiot?! Would have seven different message boards for their web site and post the identical information on each!? Well the answer is simple...LLH that's who :-0) If you've read this far you're probably expecting to stumble upon my reasoning for this about now? So here it is: each of my message boards are located in popular "communities" catering primarily to the financially minded web surfer. When one of these investing voyagers of the net drift onto one of the RollingStock100 message boards, the inclination is to click over and check out the web site that's sponsoring it...namely this one, RollingStock100.com! It's just a method of attracting future members by giving them a trail of bread crumbs to follow.
The Weekly Bulletin is emailed out as part of the Weekly Update. If you're under the impression that receiving a regular, free dosage of our seemingly endless babble, along with an updated list of our 100 Rollers and questions from other members would be a good thing...click the "SUBSCRIBE" link at either the top or bottom of this page.
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