House Cleaning Time

A good time to do some house cleaning is when the market is weak.  It's easier to see which stocks just don't have enough market support to keep up the momentum in hard times.  This week I deleted a few stocks from the Barchart Van Meerten Speculative portfolio because they we not adding any value to my holdings.

The list includes American Realty Investors (ARL), Anooraq Resources (ATL), Commercial Vehicle Group (CVGI), Kingstone (KINS), Magellan Petroleum (MPET), and Stmicroelectronics (STM):

American Realty Investor (ARL)

Barchart technical indicators:

• 100% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 16.17% off its recent high
• Relative Strength Index 33.82%

Anooraq Resources (ATL)

Barchart technical indicators:

• 64% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 31.25% off its recent high
• Relative Strength Index 39.76%

Commercial Vehicle Group (CVGI)

Barchart technical indicators:

• 56% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 15.86% off its recent high
• Relative Strength Index 36.74%

Kingstone (KINS)

Barchart technical indicators:

• 32% Barchart technical sell signal
• Trend Spotter hold (today)-- was sell when I sold
• Below its 20, 50 and 100 day moving averages
• 8.77% below its recent high
• Relative Strength Index 42.70%

Magellan Petroleum (MPET)

Barchart technical indicators:

• 8% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 21.83% off its recent high
• Relative Strength Index 44.90%

Stmicroelectronics (STM)

Barchart technical indicators:

• 96% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20,, 50 and 100 day moving averages
• 22.50% off its recent high
• Relative Strength Index 28.57%