July 30, 2006
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Jul 31, 2006 - Issue #017
Exhaustion?
Dow up 3.23% for the week.
Impressive price performance but lacking in volume? The rollercoaster just might be cresting prior to another thrilling dive.
Inside the Dow score card for the week: 28 up vs. 2 down.
Trends: 12 rising (+2), 5 consolidating (0), 13 declining (-2), in my opinion.
Considering the percentage gains of some of the components (GM +11.63%, MRK +10.06%, PFE +9.57%, T +9.95%) you would expect to see a larger number in the rising column. Just goes to show how misleading the Dow can be.
Intel (INTC), in my opinion, is still the best looking stock in the Dow for new investment.
Interestingly, Advanced Micro Devices (AMD), which battles INTC for market share and
is supposedly winning that battle, doesn't reflect that success in their chart; at
least not yet.
Comments? Ideas? Feedback? Let me have it, right between the eyes! I'd love to hear from you. Just reply to this zine and tell me what you think!