Richard Shaw's  Instablog

May 27, 2010

Bloomberg reported today (May 27) that this has been the worst US stock market in the 70 years since 1940. That's pretty bad, BUT there are some individual stocks and some ETFs with strongly positive price performance.

We filtered four lists (S&P 500, S&P 400, S&P 600 and ETFs) to find those securities that show these five price conditions using daily closing prices:

• positive slope of the 1-year best fit linear regression trend line
• 6-month average greater than 12-month average
• 3-month average greater than 6-month average
• 1-month average greater than 3-month average
• price greater than 1-month average.

That makes for a solidly positive trend.

Here is how many past that test:

• S&P 500: 53
• S&P 400: 38
• S&P 600: 45
• ETFs: 36

That is too many to put into lists for this article. A single Excel file containing the name and symbol of those securities in a separate tab for each list is available for download.

(Download File)

Holdings Disclosure: As of May 27, 2010, we may or may not have holdings in some of the securities in those lists in some managed accounts. Nothing about the list of securities is in any way a recommendation to buy or hold those securities. The list is simply identification of those securities with a strong up trend pattern, as defined by the filter criteria disclosed above.

Disclaimer: Opinions expressed in this material and our disclosed positions are as of May 27, 2010. Our opinions and positions may change as subsequent conditions vary. We are a fee-only investment advisor, and are compensated only by our clients. We do not sell securities, and do not receive any form of revenue or incentive from any source other than directly from clients. We are not affiliated with any securities dealer, any fund, any fund sponsor or any company issuer of any security. All of our published material is for informational purposes only, and is not personal investment advice to any specific person for any particular purpose. We utilize information sources that we believe to be reliable, but do not warrant the accuracy of those sources or our analysis. Past performance is no guarantee of future performance, and there is no guarantee that any forecast will come to pass. Do not rely solely on this material when making an investment decision. Other factors may be important too. Investment involves risks of loss of capital. Consider seeking professional advice before implementing your portfolio ideas.

Disclosure: Holdings Disclosure: As of May 27, 2010, we may or may not have holdings in some of the securities in those lists in some managed accounts. Nothing about the list of securities is in any way a recommendation to buy or hold those securities. The list is simply identification of those securities with a strong up trend pattern, as defined by the filter criteria disclosed above.