Portable Alpha Daily

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Tuesday, November 28, 2006

Bearish Indicators Abound

Short-Term Technical Indicators – All but one of the short-term technical indicators are bearish as a result of yesterday’s sell-off. And the only bullish indicator, the NASDAQ 15-Day Stochastic, is hanging on by the skin of its teeth with a value of 81.80 (the indicator turns bearish when the value crosses from above 80 to below 80).

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

Investor Sentiment – The VIX jumped nearly 15% yesterday with the CBOE Volatility Index for the S&P 500 closing over 24% higher than its 52-week low of 9.90, reached just last week.

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

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

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

Top Rated Style-Box Derivative – iShares Morningstar Mid Cap Core (JKG 11/6/06)

Top Rated Sector Derivative – iShares U.S. Basic Materials (IYM 10/16/06)

Today’s Top “Buy” Recommended Stocks
  1. RTI International Metals Inc. (RTI 10/11/06)
  2. Daktronics Inc. (DAKT 10/31/06)
  3. Alleghany Technologies Inc. (ATI 10/5/06)
  4. Chaparral Steel Co. (CHAP 11/1/06)
  5. F5 Networks Inc. (FFIV 9/20/06)
Today’s Top “Sell” Recommended Stocks
  1. Whole Foods Market Inc. (WFMI 11/2/2006)
  2. Emmis Communications Corp. (EMMS 11/20/06)
  3. Hansen Natural Corp. (HANS 8/4/06)
  4. Red Robin Gourmet Burgers, Inc. (RRGB 11/2/06)
  5. The Washington Post Co. (WPO 7/5/06)
Today’s Top “Buy” Recommended Rydex Mutual Funds
  1. Precious Metals (RYPMX 11/21/06)
  2. Dynamic OTC (RYVYX 8/16/06)
  3. Leisure (RYLIX 9/11/06)
  4. Internet (RYIIX 8/31/06)
  5. Basic Materials (RYBIX 10/10/06)


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