Portable Alpha Daily

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Thursday, November 16, 2006

Daktronics Inc. (DAKT)

I’m slammed this morning so I don’t have time for a detailed post. I did want to point out that Daktronics Inc. (DAKT 10/31/06) jumped ahead of RTI International Metals (RTI 10/11/06) as our top “buy” recommended stock today. A 36.31% gain over the last five days has a tendency to improve a stocks ranking in our analysis. I’d be careful with DAKT though; stocks that hot have a tendency to burn out quickly.

Short-Term Technical Indicators – It looks as though the DJIA MACD is about to cross back over its 9-Day MA, perhaps after today’s close. That will shift the MACD indicator back to a bullish reading. Unfortunately, the Breadth and Volume ratios have quit a bit of ground to cover before they turn bullish.

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

Investor Sentiment – VIX is only .04 away from the 52-week low that occurred on 12/23/2005 and screaming “overbought.” The problem is that no one is listening anymore.

Adam, who has as good of an understanding of options and volatility trading as anyone, has been tracking the VIX for awhile now and comments just about daily on it’s continual slide. He’s got a great site for those looking to learn about options and add another element to their investment strategy. Not only that, but he’s entertaining too. Check it out if you haven’t already.

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” Recommendation

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

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

Top Rated Sector Derivative – iShares NASDAQ Biotechnology (IBB 10/6/06)

Today’s Top “Buy” Recommended Stocks
  1. Daktronics Inc. (DAKT 10/31/06)
  2. RTI International Metals Inc. (RTI 10/11/06)
  3. F5 Networks Inc. (FFIV 9/20/06)
  4. Volt Information Sciences Inc. (VOL 11/6/06)
  5. Harman International Industries Inc. (HAR 10/9/06)
Today’s Top “Sell” Recommended Stocks (Date of “Short/Sell” Recommendation)
  1. Apollo Group Inc. (APOL 10/13/06)
  2. Whole Foods Market Inc. (WFMI 11/2/2006)
  3. Hansen Natural Corp. (HANS 8/4/06)
  4. Carpenter Technology Corp. (CRS 10/26/06)
  5. Intuitive Surgical Inc. (ISRG 10/27/06)
Today’s Top “Buy” Recommended Fidelity Select Mutual Funds
  1. Software & Computer (FSCSX 7/27/06)
  2. Air Transportation (FSAIX 11/6/06)
  3. Technology (FSPTX 10/9/06)
  4. Nordic (FNORX 10/12/06)
  5. Automotive (FSAVX 10/2/06)


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