JEWELRY STORES Stocks Expected To Be Down After Top Correlated Stocks Fire Sell Signals.
September 30, 2011 / M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the top most highly correlated JEWELRY STORES stocks and the majority have fired a Sell signal as of today. BLUE NILE INC (NASDAQ:NILE), CHARLES & COLVARD LTD (NASDAQ:CTHR), SIGNET JEWELERS LTD (NYSE:SIG), TIFFANY & CO (NYSE:TIF), ZALE CORP (NYSE:ZLC), CHINA BCT PHARMA GROUP INC (OTCBB:CNBI) 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 NILE BLUE NILE INC 0.63 0.91 1.13 JEWELRY STORES CTHR CHARLES & COLVARD LTD 0.25 0.25 1.02 JEWELRY STORES SIG SIGNET JEWELERS LTD 0.89 0.82 1.01 JEWELRY STORES TIF TIFFANY & CO 0.97 0.93 0.99 JEWELRY STORES ZLC ZALE CORP 0.49 1.74 0.82 JEWELRY STORES CNBI CHINA BCT PHARMA GROUP INC 0.13 1.73 1.09 DRUG STORESWe 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.
BLUE NILE INC (NASDAQ:NILE) - Blue Nile, Inc. and its subsidiaries operate as an online retailer of diamonds and fine jewelry worldwide. Its fine jewelry selection includes diamond, gemstone, platinum, gold, pearl, and sterling silver jewelry and accessories, as well as settings, wedding bands, earrings, necklaces, pendants, and bracelets. The company also offers a range of other fine jewelry products and watches to complement its selection of customized diamond jewelry. It offers its products under the brand name Blue Nile through its Web sites, bluenile.com, bluenile.co.uk, and bluenile.ca. The company was formerly known as Internet Diamonds, Inc. and changed its name to Blue Nile, Inc. in November 1999. Blue Nile, Inc. was founded in 1999 and is headquartered in Seattle, Washington.
CHARLES & COLVARD LTD (NASDAQ:CTHR) - Charles & Colvard, Ltd. manufactures, markets, and distributes Moissanite jewels for use in fine jewelry in the United States and internationally. It offers near-colorless moissanite jewels cut in various shapes, including round, square brilliant, cushion, radiant, pear, marquise, and oval in sizes ranging from approximately 2 to 12 millimeters, as well as green moissanite jewels. The company primarily sells its loose moissanite jewels to jewel distributors and jewelry manufacturers. It also distributes finished moissanite jewelry to various retailers, including television shopping channels. The company was founded in 1995 and is based in Morrisville, North Carolina.
SIGNET JEWELERS LTD (NYSE:SIG) - Signet Jewelers Limited operates as a specialty jewelry retailer in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands. It engages in the retail of jewelry and watches, as well as offers associated services. The company operates retail stores under various brands, including Kay Jewelers, Jared The Galleria Of Jewelry, H.Samuel, and Ernest Jones. As of March 25, 2010, it operated 1,400 stores in the United States. As of January 30, 2010, the company operated 552 stores in the United Kingdom, including 14 in the Republic of Ireland; and 3 in the Channel Islands. Signet Jewelers Limited was founded in 1950 and is based in Hamilton, Bermuda.
TIFFANY & CO (NYSE:TIF) - Tiffany & Co., through its subsidiaries, engages in the design, manufacture, and retail of fine jewelry. Its jewelry products include gemstone jewelry, gemstone band rings, diamond rings, wedding bands for brides and grooms, non-gemstone, gold or platinum jewelry, and sterling silver jewelry. The company also offers TIFFANY & CO. brand merchandise, including timepieces and clocks; sterling silver merchandise, including flatware, hollowware, trophies, key holders, picture frames, and desk accessories; crystal, glassware, china, and other tableware; custom engraved stationery; writing instruments; eyewear; leather goods; and fashion accessories. In addition, it provides fragrance products sold under the trademarks, including TIFFANY, PURE TIFFANY, and TIFFANY FOR MEN. The company serves its customers through retail sales, Internet and catalog sales, business to business sales, and wholesale distribution primarily in the Americas, the Asia-Pacific, and Europe. It also sells its products through TIFFANY & CO. stores, as well as through department store boutiques in Japan. As of January 31, 2010, Tiffany & Co. operated approximately 220 retail stores worldwide. The company was founded in 1837 and is based in New York, New York.
ZALE CORP (NYSE:ZLC) - Zale Corporation, through its subsidiaries, operates as a specialty retailer of fine jewelry in North America. The companys Fine Jewelry segment operates in five brands that primarily offer fine jewelry and watches. This segments Zales Jewelers brand offers jewelry to range of customers in the United States; Zales Outlet brand operates in outlet malls and neighborhood power centers; Gordon's Jewelers brand operates as a regional jeweler; Peoples Jewellers brand provides assortment in Canada; and Mappins Jewellers brand offers merchandise ranging from engagement rings to fashionable and contemporary fine jewelry to Canadian customers. It also sells its products through the e-commerce sites, which include zales.com, zalesoutlet.com, and gordonsjewelers.com. Zale Corporations Kiosk Jewelry segment offers bracelets, earrings, charms, rings, and 14 karat and 10 karat gold chains, as well as a selection of silver and diamond jewelry under the brand names of Piercing Pagoda, Plumb Gold, and Silver and Gold Connection through mall-based kiosks and e-commerce site, pagoda.com. In addition, the company provides insurance and reinsurance facilities to various types of insurance coverage, which are marketed primarily to private label credit card customers. At January 31, 2011, it operated 1,197 fine jewelry stores and 674 kiosk locations primarily located in shopping malls throughout the United States, Canada, and Puerto Rico. The company was founded in 1989 and is based in Irving, Texas.
CHINA BCT PHARMA GROUP INC (OTCBB:CNBI) - China BCT Pharmacy Group, Inc. engages in pharmaceutical distribution, retail pharmacy, and manufacture of pharmaceuticals and medical-related products primarily in the Peoples Republic of China. It distributes pharmaceutical and healthcare products, including branded and generic prescription medicines, over-the counter medicines, and Western and Chinese medicines, as well as personal care products and medical supplies, Chinese herbs, and medical instruments to hospitals, retail drug stores, other pharmaceutical wholesalers, clinics, medical centers, and individuals located primarily in the Guangxi Province. As of March 31, 2010, the company operated 96 directly owned retail stores in Guangxi province under the name Baicaotang. Its retail stores provide convenient and professional pharmaceutical services, and supply a range of medicines for selling prescription medicines, over-the-counter medicines, Chinese herbal medicine, roughly processed Chinese herbal medicine, family planning products, and other pharmaceutical products and healthcare products. The company also produces and sells pharmaceutical products under the name Asio in anti-inflammatory and antibacterial drugs, cancer treatment drugs, cardio-vascular disease drugs, and hepatitis drugs. Its products include Tabellae Sarcandrae, Corydalis Saxicola Bunting, Hydroxycamptotbecine Injection, Yinge Tongmai Tea, and Levodopa. China BCT Pharmacy Group, Inc. is based in Liuzhou City, the Peoples Republic of China.
About BUYINS.NET
BUYINS.NET, www.buyins.net , monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations. Reports include:
REGULATORY & COMPLIANCE NEWS
Friction Factor -- market maker surveillance system tracking Level II market makers in all stocks to determine Price Friction and compliance with new "Fair Market Making Requirements"
RegSHO Naked Shorts -- tracks EVERY failure to deliver in all US stocks and tracks all Threshold Security Lists daily for which stocks have naked shorts that are not in compliance with Regulation SHO
INVESTMENTS & TRADING
SqueezeTrigger -- 29 billion cell database tracks EVERY short sale (not just total short interest) in all US stocks and calculates volume weighted price that a short squeeze will begin in each stock.
Earnings Edge -- predicts probability, price move and length of move before and after all US stock earnings reports.
Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.
Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.
Pattern Scan -- automates tracking of every technical pattern and predicts time and size of move in all stocks.
GATS (Global Automated Trading System) -- tracks all known trading strategies and qualifies and quantifies which are working best in real time.
DISCLAIMER:
BUYINS.NET is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. BUYINS.NET has not been compensated by any of the above mentioned companies. Past performance is not indicative of future results. Please visit our web site, www.buyins.net , for complete risks and disclosures.
Contact:
BUYINS.NET Thomas Ronk 800-715-9999 tom@buyins.net www.buyins.net