Front Pocket List of Eligible Longs

Click to enlarge^^

While the market hasn't been exactly stellar lately (tepid volume on rally days and a clear dearth so far of important bellwether breakouts), it has been rising in the face of a rising Dollar, while commodities prices have been firm, and sentiment readings have improved notably.

Don't do what I do, since I'm hopefully undoing anything before my own undoing - but from the current, highest ranking industry groups (above) I'm highlighting (IMO) the better technical+fundamental eligible names, for use if the market continues improving.

Here is my updated list of go-to longs in the event we improve from here...

Elec-Contract Mfg:
SANM (extended)
JBL
CLS
PLXS
BHE (thin)

Airlines:
UAUA
CAL
DAL
GOL
LCC

Comml Svcs-Printing:
VPRT
CGX (thin, extended)

Machinery-Mtl Hdlg/Autmn:
HOLI (Chinese, very thin)
SSYS (thin)

Internet-ISP:
INAP (poor-ish fundamentals)
(everything else here too thin and/or other problems)

Oil&Gas-US Expl Prod:
MMR
XEC
NFX
CXO
PETD (thin)
APC
KWK
CRZO
APA
ATLS

Steel-Specialty Alloys:
TIE (reports Monday 21st)
ATI
CRS

Medical- Generic Drugs:
HITK
HSP
PRX
TEVA
WPI

Oil&Gas-Refining/Mkt:
IOC
WPZ
ANW
HOC

Retail-Restaurants:
SBUX
CAKE
CMG
PNRA
PFCB
BJRI

Cosmetics/Personal Care:
EL (extended)
NUS
REV (thin)

Medical-Systems/Equip:
SIRO
ISRG (high PEG)
MR (Chinese)
GIVN (very thin)
KCI

Apparel-Shoes & Rel Mfg:
SHOO (thin)
DECK (the someday-short still acting well)

Retail-Misc:
ULTA
JAS
SBH

Machinery-Constr/Mining:
BUCY
JOYG
MTW

Oil&Gas-Transport/Pipe:
EPB
WMZ (very thin)
PVR (very thin)


Oil&Gas-Machinery/Equip:
DRQ
CAM
NOV
LUFK (very thin)
BHI
FTI
DRC
CRR (thin)

Additionally, the Semi-Mfg and Computer-Network groups (ranked #25 and #31 respectively) have risen rapidly of late...

Elec-Semiconductor Mfg:
NETL
ATHR
ISSI (thin, extended)
VLTR
SNDK

Computer-Networking:
NTGR
RVBD

Slaying Low

This will be brief, as the market is not exactly inspiring in either direction at the moment.

I've shifted as the market has shifted and I'm up slightly so far on the week, but I'm trying to keep small; currently 1.78-to-1 net long, while only 54% invested.

It seems to me that the bull and bear voices out in the world right now are a lot louder than the market moves. I'm giving the overall action a little credit here, but if I had to tell you where the next big move lies I'd be unhappy to commit. I have my updated lists of eligible Longs and Shorts in hand and I will attack anything credible, but at the moment I'm eying cheap tickets to the harpoon belt and thinking of taking a day or two off and letting you all make the money instead.

Total Position: currently 1.78-to-1 net long, (54% invested)

Currently Long (according to size): ARST, WNR, PMCS, MYGN, SNDA, UGP

Currently Short (according to size): BWA, ALV, ELOS