Last week, we published a shorting watchlist in response to the market’s 12-year lows. At the close of Friday, 6 March 2009, the watchlist was profitable on 31 out of 34 stocks, averaging 4.7% in our favour!
Market Summary
The QQQQ market index continued the down trend established in the last month. This means that the short-term support at $28.00 was broken this week, and heads towards another support around $25.50.
The SP-500 mirrored the QQQQ’s movement, proving to break the support at $740.00 and reiterating the down trend.
Watchlist Performance
Our published watchlist performed rather well: in one week, 34 stocks averaged 4.7% in our favour. Three stocks performed over 10%, and 31 stocks were profitable.
The following table demonstrates the performance of each stock, from the close on Monday, 2 March 2009 (enter price) to Friday, 6 March 2009 (exit price). Note that the calculated percentage change is according to the investment type – either short or long.
| Stock | Sector | Capitalisation | Type | Enter Price | Close Friday | %-Chg |
|---|---|---|---|---|---|---|
| FO | Consumer Durables | 2,859 | SHORT | $22.10 | $19.07 | 13.7% |
| WYNN* | Leisure | 1,602 | SHORT | $17.65 | $15.40 | 12.7% |
| PTV | Consumer Non-Durables | 1,481 | SHORT | $12.90 | $11.27 | 12.6% |
| FDX | Transportation | 11,132 | SHORT | $40.30 | $35.76 | 11.3% |
| XRX | Consumer Durables | 3,701 | SHORT | $4.75 | $4.28 | 9.9% |
| WHR | Consumer Durables | 1,484 | SHORT | $21.93 | $20.19 | 7.9% |
| NWL | Consumer Durables | 1,306 | SHORT | $5.11 | $4.71 | 7.8% |
| FE | Utilities | 11,444 | SHORT | $40.52 | $37.54 | 7.4% |
| NSC | Transportation | 10,149 | SHORT | $29.56 | $27.41 | 7.3% |
| GE | Conglomerates | 74,287 | SHORT | $7.60 | $7.06 | 7.1% |
| AVY | Consumer Non-Durables | 1,849 | SHORT | $18.73 | $17.40 | 7.1% |
| PPL | Utilities | 9,342 | SHORT | $26.68 | $24.94 | 6.5% |
| HOT* | Leisure | 1,742 | SHORT | $10.14 | $9.52 | 6.1% |
| DUK | Utilities | 15,373 | SHORT | $12.92 | $12.15 | 6.0% |
| CSX | Transportation | 8,620 | SHORT | $22.86 | $21.59 | 5.6% |
| LEG | Consumer Durables | 1,610 | SHORT | $10.78 | $10.31 | 4.4% |
| KMB | Consumer Non-Durables | 18,172 | SHORT | $45.87 | $43.92 | 4.3% |
| DDM* | Financial Services | 448 | SHORT | $18.89 | $18.12 | 4.1% |
| PBI | Consumer Durables | 3,714 | SHORT | $18.72 | $18.02 | 3.7% |
| ED | Utilities | 9,287 | SHORT | $35.24 | $33.94 | 3.7% |
| AVP | Consumer Non-Durables | 6,684 | SHORT | $16.12 | $15.68 | 2.7% |
| BNI | Transportation | 18,144 | SHORT | $54.86 | $53.46 | 2.6% |
| PG | Consumer Non-Durables | 133,968 | SHORT | $46.87 | $45.71 | 2.5% |
| MMM | Conglomerates | 29,021 | SHORT | $42.84 | $41.83 | 2.4% |
| UNP | Transportation | 17,602 | SHORT | $35.81 | $34.98 | 2.3% |
| EL | Consumer Non-Durables | 4,064 | SHORT | $21.11 | $20.66 | 2.1% |
| PPG | Conglomerates | 4,831 | SHORT | $30.04 | $29.42 | 2.1% |
| D | Utilities | 16,347 | SHORT | $28.68 | $28.12 | 2.0% |
| UTX | Conglomerates | 36,316 | SHORT | $39.17 | $38.54 | 1.6% |
| DLTR* | Retail | 3,587 | LONG | $39.23 | $39.58 | 0.9% |
| CHD | Consumer Non-Durables | 3,282 | SHORT | $47.10 | $46.86 | 0.5% |
| UPS | Transportation | 26,681 | SHORT | $38.92 | $39.38 | -1.2% |
| APSG* | Telecommunications | 248 | LONG | $19.59 | $19.14 | -2.3% |
| KF* | Financial Services | 42 | SHORT | $16.51 | $17.32 | -4.9% |
* Watchlist stocks which were from our web application and computer analysis.
Now with a fair bit of profit in one week, we’ll continue to watch these stocks and exit each trade according to individual conditions. We’ll update you on our paper trading performancing when this watchlist ceases to be profitable.
Tags: conglomerates, consumer-durables, consumer-non-durables, financial-services, paper-trade, performance, results, retail, review, trade, transportation, util, utilities
15 March 2009 at 08:38 |
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