Traders and tax software

If you are filing your taxes using one of those softwares (Turbo Tax, Tax Cut, etc) and you think you need to type every single trade into the form, there is a better way.

If you have Quicken or Microsoft Money, it is likely that you can download all your transactions from your broker and save them in an TXF file.

The TXF file can then be read by your tax software and all your transactions will show up. You still have to enter the information from the 1099 forms you have received for dividends, interest and other income.

Brazilian emerging market looking technically ugly

According to GrafistaBsb, these are bear market signs: a drop that breaks the bullish trendline followed by a failure to resume the climb to above the 61.8% fibonacci mark and another drop to below the first drop. To me, that first double top was enough to convince to take profits and bravely run away like Sir Robin.

Now, the Bovespa index has to maintain the bottom at 20800, otherwise it can drop to 18000 on its main trendline. Things still look good long term though.

HZO - I've been sleeping at the wheel!

Mr. Market picked up this gem 7 days ago ... and I was too busy to check. Check it out!

Dow Theory

This one came up from GlobalStation.com.br.

Among other things, the Dow Theory says that the movements on one of the averages (industrial) must be confirmed by the movements on the other average (transportation). In January/04, the transportation average started to diverge negatively in comparison to the industrial average.

Later that was confirmed as an alert signal and both the averages fell to their support: the transportation average touched the 200 MA and the industrial average stopped falling at its 38% Fibonacci retracement considering the bullish move from August/03 to February/04.

If these support levels are maintained, rallies can happen on the next few weeks.

This one came up from the folks at GlobalStation.com.br.

^DJI 10,300.30 on 3/17/2004

^DJT 2,847.65 on 3/17/2004

Some stocks screened yesterday

Just based on chart action. Do your own DD. This is a jittery market.

Amedisys Inc (AMED, $23.629 on 3/16/2004) - home healthcare nursing services.

EDAP TMS SA (EDAP, $2.03 on 3/16/2004) - minimally invasive medical devices to destroy localized tumors.

Gristede's Foods Inc (GRI, $1.00 on 3/16/2004) - NorthEast supermarkets and pharmacies.

Magal Security Systems (MAGS, $11.65 on 3/16/2004) - perimeter security systems and motion-detection systems.

Metris Companies Inc (MXT, $6.15 on 3/16/2004) - financial products and consumer credit.

OMNI Energy Services Corp (OMNI, $7.721 on 3/16/2004) - oilfield service company (mostly LA and TX).

Perini Corp (PCR, $15.95 on 3/16/2004) - general contracting, construction management and design-build services.

Smithway Motor Xpress Corp (SMXC, $4.22 on 3/16/2004) - nationwide truckload carrier.

Cash Technologies Corp (TQ, $1.35 on 3/16/2004) - self-service coin counting machines and transaction processing systems.

Viisage Technology Inc (VISG, $6.68 on 3/16/2004) - advanced technology solutions for identity verification including biometrics.

AMED $23.629 on 3/16/2004	EDAP $2.03 on 3/16/2004
GRI $1.00 on 3/16/2004
MAGS $11.65 on 3/16/2004	MXT $6.15 on 3/16/2004
OMNI $7.721 on 3/16/2004	PCR $15.95 on 3/16/2004
SMXC $4.22 on 3/16/2004	TQ $1.35 on 3/16/2004
VISG $6.68 on 3/16/2004

ADRs from Spain


For a speculative bargain hunt... if there is any bargains - maybe too soon or too late.

Yahoo link

Company Name	Ticker	Sector
BANCO BILBAO VIZCAYA ARGENTARIA SA	BBV	BANKS
BANCO ESPANOL DE CREDITO SA	BNSTY.PK	BANKS
BANCO SANTANDER CENTRAL HISPANO SA	STD	BANKS
BANKINTER SA	BKNTY.PK	BANKS
CORP MAPFRE SA	CRFEY.PK	INSURANCE
ENDESA SA	ELE	ELECTRIC UTILITY
NH HOTELES SA	NHHEY.PK	HOTELS & MOTELS
REPSOL YPF SA	REP	OIL & GAS
TELEFONICA MOVILES SA	TEM	TELECOMMUNICATIONS
TELEFONICA SA	TEF	TELECOMMUNICATIONS
TELEPIZZA	TLPZY.PK	RETAIL SERVICES
TERRA NETWORKS SA	TRLY	INTERNET PRODUCTS & SERVICES

BBV $13.16 on 3/15/2004	STD $10.77 on 3/15/2004
ELE $18.93 on 3/15/2004	REP $20.20 on 3/15/2004
TEM $10.95 on 3/15/2004	TEF $46.48 on 3/15/2004
TRLY $6.119 on 3/15/2004