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Tuesday, December 05, 2006

Bulls Show Signs of Life

Short-Term Technical Indicators – Yesterday’s broad-market rally resulted in improvement in the 21-Day Breadth and Volume indicators for the Dow, as well as its MACD, 15-Day Stochastic and 15-Day Relative Strength.

For the S&P 500, the On-Balance Volume % and the 15-Day Stochastic improved, although the OBVP is still clearly entrenched in bearish territory.

Interestingly, the 15-Day Stochastic for the NASDAQ actually weakened yesterday to a value of 53.62 from 55.09 on Friday.

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

Investor Sentiment – The VIX and VXN both lost a little ground as did the Total and Index Put / Call ratios. The only sentiment indicator increasing in value yesterday was the Equity Put / Call ratio. The bulls, showing signs of life, shook off the Pfizer (PFE short/sell 10/9/06) debacle and pulled the major averages higher.

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 – iShares Russell 2000 (IWM 11/6/06)

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

Top Rated Sector Derivative – iShares Dow Jones Energy (IYE 11/10/06)

Today’s Top “Buy” Recommended Stocks
  1. Alleghany Technologies Inc. (ATI 10/5/06)
  2. RTI International Metals Inc. (RTI 10/11/06)
  3. Daktronics Inc. (DAKT 10/31/06)
  4. Chaparral Steel Co. (CHAP 11/1/06)
  5. Goldman Sachs Group Inc. (GS 9/12/06)
Today’s Top “Sell” Recommended Stocks
  1. The Washington Post Co. (WPO 7/5/06)
  2. SanDisk Corp. (SNDK 10/20/06)
  3. Bausch & Lomb Inc. (BOL 11/8/06)
  4. Christopher & Banks Corp. (CBK 10/18/06)
  5. Emmis Communications Corp. (EMMS 11/20/06)
Today’s Top “Buy” Recommended Rydex Mutual Funds
  1. Precious Metals (RYPMX 11/21/06)
  2. Dynamic OTC (RYVYX 8/16/06)
  3. Energy Services (RYVIX 11/9/06)
  4. Russell 2000 Advantage (RYMKX 11/6/06)
  5. Dynamic S&P 500 (RYTNX 8/3/06)

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