Well the euphoria from last week didn’t carry over to Monday and the market ended lower. Europe was mixed. RSI has some selections today so let’s take a look. But before we proceed, I need to confess to tweaking RSI’s parameters to increase the price potential algorithm. RSI was producing way too many picks, so I believe we can be more selective. I think this a prudent adjustment.
ETF/CEF Low Volatility:
- UTH – Utilities Holders
ETF/CEF Medium Volatility:
- CEE – Central European Eqty Fund
- IGE – Natural Resources iShares S&P/GSCI Index Fund
- UTF – Cohen & Steers Select Utility Fund Inc.
Here we have RSI picking utilities, natural resources and Europe. These four have been cited by RSi in the past and they are repeat picks. The stock picks below don’t follow that theme, so who knows. Anyway I like these picks especially UTF that pays a good 8.48% interest rate. Do check them out.
Stocks Low Volatility:
- ACL – Alcon Inc.
Stocks Medium Volatility:
- FST – Forest Oil Corp.
- GR – Goodrich Corp.
- ORB – Orbital Sciences Corp.
- WFT – Weatherford Intl
- WGOV – Woodward Governor Co.
- XNPT – XenoPort, Inc.
Stocks High Volatility:
- ANSS – ANSYS, Inc.
- AXYS – Axsys Technologies, Inc.
- CCC – Calgon Carbon Corp.
- FSTR – L.B. Foster Co.
- SIGM – Sigma Designs, Inc.
- TNH – Terra Nitrogen Co. L P
- WBD – Wimm-Bill-Dann Foods
I will mention the profiles for stocks not previously mentioned in this blog.
Forest Oil Corporation engages in the acquisition, exploration, development, and production of natural gas and liquids primarily in North America.
Goodrich Corporation supplies components, systems, and services to the commercial and general aviation airplane markets, as well as to the defense and space markets worldwide.
Weatherford International, Ltd. provides equipment and services used for the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide.
ANSYS, Inc. and its subsidiaries engage in the development and marketing of engineering simulation software and services used by engineers and designers in aerospace, automotive, manufacturing, electronics, biomedical, and defense industries in the United States and internationally.
Wimm-Bill-Dann Foods OJSC manufactures food products in Russia. It offers a range of branded dairy, juice, water, and baby food products.
Catch a Falling Knife:
- IWR – Russell Mid-Cap iShares
This is a tricky play because IWR has rebounded sharply but has pulled back slightly. It would be prudent to wait for this move to play out. Remember CFK candidates are not recommended, just for the bottom fishermen out there in speculation land.
