ZignalsApps'  Instablog

Send Message
ZignalsApps integrates the most advanced capabilities of Zignals trading tools with Seeking Alpha's depth of content to offer convenience and research horse power, all on a single page. ZignalsApps delivers in two forms: [1] Powerful investing applications suited to your individual needs [2] A... More
My company:
My blog:
Zignals: The Market For Trading Strategies
  • Long Short Update from January 19th 0 comments
    Jan 26, 2011 9:24 AM | about stocks: BRK.B, WGO, VSH, SUNEQ, ABT, WY

    There were just six picks for last week; four bullish: Berkshire Hathaway (BRK.B), Winnebago Inds (WGO), Vishay Intertech (VSH), Memc Electronic (WFR) and two bearish: Abbott Laboratories (ABT) and Weyerhaeuser Company (WY).

    The 1-, 2- and 5-day outlook was mostly neutral, so no sparks were expected to occur. Only BRK.B and WY had a greater than 60% probability of a higher close on the day after the Pattern completed. Over a longer time frame, Vishay Intertech (VSH) exhibited a Pattern with a 67% win percentage and an average return per trade of 5.7% while Abbott Laboratories (ABT) had a Patten with a 73.2% win percentage and an average return of 7.4%. 

    So what happened?

    Both Berkshire Hathaway (BRK.B) and Weyerhaeuser Company (WY) failed to live up to their 1-day post-Pattern billing and closed lower on the day. However, Weyerhaeuser was able to rally for the next four days and posted the best one week performance of +6.1%

    Of Long Term Performance, Vishay Intertech (VSH) was the real disappointment. The stock finished the week down -4.5% (the worst performer of the six) in what was projected as a good long candidate. The other long candidate,
    Abbott Laboratories (ABT), closed the week up a modest +1.5%, but it was the only pick to finish higher for day 1, 2 and 5. 

    Of the remaining candidates, Winnebago Inds (WGO) had a quiet week and closed down just -0.6%, while Memc Electronic (WFR) took it more on the chin and closed down -3.8%

    In Summary

    For the six stocks there was a general flat assessment going forward for the week so a resounding victory of defeat for PatternDNA was not on the cards. Both projections for BRK.B and WY failed to deliver but 0 for 2 is not a deal breaker.

    While it's still early days, the VSH play is on course to hit the 10% stop after its heavy loss on the week but has room to maneuver. ABT remains on course to honor its winning projection. 

    Stocks: BRK.B, WGO, VSH, SUNEQ, ABT, WY
Back To ZignalsApps' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.