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Fri, September 30, 2011

CLOSED-END FUND - DEBT Stocks Expected To Be Down After Top Correlated Stocks Fire Sell Signals.


Published on 2011-09-30 05:00:32 - WOPRAI
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September 30, 2011 / M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the top most highly correlated CLOSED-END FUND - DEBT stocks and the majority have fired a Sell signal as of today. ADVENT CLAYMORE CVT SEC& INC (NYSE:AVK), GLADSTONE CAPITAL CORP (NASDAQ:GLAD), FIRST TRUST SENIOR FLOATING (NYSE:FCT), ELLSWORTH FUND INC (AMEX:ECF), POWERSHARES GLOBAL LISTED PR (NYSE:PSP), SPDR BARCLAYS CAPITAL HIGH (NYSE:JNK) are all expected to be Down as the top stocks in the sector have fired Sell signals. Group rotation is a phenomenon where institutions exert buying or selling pressure in an industry group, pushing prices of the group higher or higher relative to the general market. An industry can often lead or lag the market, and the most highly correlated stocks (mirror closest to the overall move in that group) usually move in unison. The technology used to make these predictions is available for a low monthly fee at http://www.squeezetrigger.com/services/strat/mh.php . The chart below displays the correlation, beta and relative strength of the top most highly correlated stocks in the highlighted industry group:

     Symbol     Company                             Correlation     Beta        RelStr      Sector 
     AVK        ADVENT CLAYMORE CVT SEC& INC        0.6             0.55        1.01        CLOSED-END FUND - DEBT
     GLAD       GLADSTONE CAPITAL CORP              0.99            0.91        1           CLOSED-END FUND - DEBT
     FCT        FIRST TRUST SENIOR FLOATING         0.64            0.11        1.08        CLOSED-END FUND - DEBT
     ECF        ELLSWORTH FUND INC                  0.72            0.55        1.04        CLOSED-END FUND - DEBT
     PSP        POWERSHARES GLOBAL LISTED PR        0.69            0.88        1           CLOSED-END FUND - DEBT
     JNK        SPDR BARCLAYS CAPITAL HIGH          0.67            0.3         1.04        CLOSED-END FUND - DEBT
We automatically calculate correlation to help find the stocks that most closely match their groups movement and generate powerful group consensus trading signals to profit from the herd mentality. When multiple stocks in a group turn at the same time and the rotation of that group is confirmed, an explosive move typically occurs. Correlation measures the tendency for a symbol to move in unison with the group, beta measures the amount the symbol is expected to move relative to the group and relative strength looks back at the recent past to show how the stock has been moving relative to the group.

ADVENT CLAYMORE CVT SEC& INC (NYSE:AVK) - ADVENT CLAYMORE CONV SECS &

GLADSTONE CAPITAL CORP (NASDAQ:GLAD) - Gladstone Capital Corporation is a business development company and operates as a closed-end non-diversified management investment company. It invests in debt and equity securities of small and medium-sized private United States businesses. The company primarily invests in various categories of debt of private companies comprising senior notes, senior subordinated notes, and junior subordinated notes.

FIRST TRUST SENIOR FLOATING (NYSE:FCT) - MyPhotoAlbum Inc., together with its subsidiaries, provides a personalized online photo and video sharing service through its Web site, MyPhotoAlbum.com in North America. The company also operates go.to., a Web site and email forwarding engine. Its services comprise unlimited and restricted photo and video storage; enhanced personalization features; printing and shipping of photo prints, photo cards, photo books, photo calendars, and photo gift merchandise, such as wall posters, mugs, mouse pads, and shirts. The company was formerly known as FortuneCity.com Inc. and changed its name to MyPhotoAlbum Inc. in June 2008. MyPhotoAlbum Inc. is based in New York, New York.

ELLSWORTH FUND INC (AMEX:ECF) - Ellsworth Fund Ltd. is a close ended equity mutual fund launched and managed by Davis-Dinsmore Management Company. It invests in equity markets of the United States. The fund primarily in convertible securities. It benchmarks the performance of its portfolio against the Merrill Lynch All Convertibles Index, the S&P 500 Index and the Lehman Aggregate Bond Total Return Index. The was formerly known as Ellsworth Convertible Growth and Income Fund, Inc. Ellsworth Fund Ltd. was formed on April 30, 1986 and is domiciled in the United States.

POWERSHARES GLOBAL LISTED PR (NYSE:PSP) - Pwshr Private Equity

SPDR BARCLAYS CAPITAL HIGH (NYSE:JNK) - SPDR Lehman High Yield Bond ETF

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