Portable Alpha Daily

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Friday, October 27, 2006

Out of Town

I’m heading out of town early this morning, so I don’t have time to write much of a post. Regarding yesterday’s post, Carpenter Technology Corp. (CRS) was indeed down-graded to a “sell” recommended stock after yesterday’s beating. It will be interesting to see what happens to CRS going forward.

I’ll update the blog sometime on Sunday hopefully with the AAS Top Ten from October 20, 2006. Until then, have a great weekend!

Short-Term Technical Indicators – NASDAQ and S&P technicals are bullish, but the Dow is still questionable as long as the Breadth and Volume indicators remain bearish.

Long-Term Market Model – Bullish since August 23rd.

Investor Sentiment – All five sentiment indicators continue to trade in the basement. The VIX is at its fourth lowest level of the year and only .29 away from its 52-week low of 10.27 occurring on December 23, 2005.

Asset Allocation – 100% invested within the actively-managed, alpha producing portion of the overall investment portfolio.

Beta Exposure and Portable Alpha Generation
Date = Date of AAS “Buy” or "Sell" Recommendation

Top Rated Major Market Derivative – Fidelity NASDAQ Tracking (ONEQ 8/30/06)

Top Rated Style-Box Derivative – Morningstar Small Cap Core (JKJ 10/9/06)

Top Rated Sector Derivative – iShares Dow Jones Real Estate (IYR 6/30/06)

Today’s Top “Buy” Recommended Stocks
  • OM Group Inc. (OMG 8/11/06)
  • Allegheny Technologies Inc. (ATI 10/5/06)
  • Harman International Industries Inc. (HAR 10/9/06)
  • Sears Holdings Corp. (SHLD 9/19/06)
  • Centene Corp. (CNC 10/20/06)
  • Goldman Sachs Group Inc. (GS 9/12/06)
  • RTI International Metals Inc. (RTI 10/11/06)
  • Veritas DGC Inc. (VTS 7/28/06)
  • Gymboree Corp. (GYMB 9/28/06)
  • Piper Jaffray Companies (PJC 10/4/2006)
Today’s Top “Sell” Recommended Stocks
  • Apollo Group Inc. (APOL 10/13/06)
  • Legg Mason Inc. (LM 10/11/06)
  • Carbo Ceramics Inc. (CRR 2/7/06)
  • Express Scripts Inc. (ESRX 9/22/06)
  • Universal Forest Products Inc. (UFPI 5/24/06)
Today’s Top “Buy” Recommended ProFund Mutual Funds
  • Internet Ultra Sector (INPIX 10/24/06)
  • Real Estate Ultra Sector (REPIX 7/5/06)
  • Ultra OTC (UOPIX 8/16/06)
  • Telecom Ultra Sector (TCPIX 7/19/06)
  • Ultra Small Cap (UAPIX 10/5/06)


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