The stock model is updated to reflect today’s market move. You can download the entire model Excel output file here: http://www.focalequity.com/2011/08/23/2011-08-23-1225-am-stock-and-etf-model-technial-analysis-update/stockmodelfile_20110822/
Remember we do welcome individual stock and ETF commentary requests. All you have to do is submit your request or questions in the comments section of FocalEquity.com’s top post and we will promptly reply.
The stock we are highlighting for this morning is YAHOO (Yahoo Inc.) This stock is attractive on several valuation fronts as indicated by our ranking model. In addition, the stock appears to be strong based on our contrarian indicator.
This is a long candidate for YHOO based on the FocalEquity Stock Market Ranking. The stock may have found support from the 2009 low. It has moved up aggresively recently, and is now in a pull back.
ETF Model Update:
You can download the entire ETF model Excel output file here: http://www.focalequity.com/2011/08/23/2011-08-23-1225-am-stock-and-etf-model-technial-analysis-update/leveredetfmodeloutfile_20110822/
Even though the bear ETFs continue to have the upper hand, we are beginning to see more positive sentiment for bull ETFs especially in emerging market and oil through the weakened rankings of FXP and DUG.