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%

Additions to the Barchart Van Meerten Speculative Portfolio

This week I added Minco Gold (MGH), New York Mortgage Trust (NYMT), American Realty Investors (ARL), Century Casinos (CNTY), Yongye International (YONG) and Anworth Mortgage Asset Corp (ANH) to the Barchart Van Meerten Speculative Portfolio for positive price momentum:

Minco Gold (MGH)

Barchart technical indicators:

• 40% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 83.33% in the last month
• Relative Strength Index 55.69%
• Barchart computes a technical support level at .43
• Recently traded at .44 with a 50 day moving average of .28

New York Mortgage Trust (NYMT)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 7.48% in the last month
• Relative Strength Index 66.88%
• Barchart computes a technical support level at 7.29
• Recently traded at 7.34 with a 50 day moving average of 7.05

American Realty Investors (ARL)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 55.89% in the last month
• Relative Strength Index 68.61%
• Barchart computes a technical support level at 8.20
• Recently traded at 8.34 with a 50 day moving average of 5.82

Century Casinos (CNTY)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 42.09% in the last month
• Relative Strength Index 79.77%
• Barchart computes a technical support level at 6.94
• Recently traded at 7.19 with a 50 day moving average of 5.63

Yongye International (YONG)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 1.68% in the last month
• Relative Strength Index 70.55%
• Barchart computes a technical support level at 6.64
• Recently traded at 6.55 with a 50 day moving average of 6.50

Anworth Mortgage Asset Corp (ANH)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 11.71% in the last month
• Relative Strength Index 76.38%
• Barchart computes a technical support level at 4.79
• Recently traded at 4.96 with a 50 day moving average of 4.45