Tabell’s Market Letter – September 12, 1946

Tabell’s Market Letter – September 12, 1946

Tabell's Market Letter - September 12, 1946
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Technical Market Action s market action was at least negativclv favorable. \\'hilo the a'Teragc's made no progo-esE on t..e upside vii th t.hE' industri.ls off 43 cents end the rails unchp..nged, t,h ShOV;2d rosistance to selling pressure and volume dried up on the declines. Bp.lieve the importa!t puints to watch for the term trend are lIcdnrlIlY's htgh of 173.20 and Tuesday's ''0\'1 01' 166.56. Ability to rally above the first. fieure would indLcate the possibility of a mlly to 180-186 I',hile f a l'action below the Tuesday 101'1 \;ould indicate a f'lrt.!lt'r descent into 16S-1)7 area before th! nonn'll t.echnlc!1 rebound of ' 'third to a half 0; the decline OCCUT;. List(d belm' are th'J remainder of buying nrQll.S for indi issues. Thes8 stocks, together ,,),th those issued over th, lest three deys, cOnllrtrlt' a grout of iSSlllJS tlV t. nppc2.r, from a tecralicnl vieVipoint, to be l1ear buyinf5 lr.\rels. \ J.946 Recfmt Lnst. Th;ying Rifh LOVI Sale Rep,lblLc Avillti0n st. Joseph Lend i3,abon I'd Oil Shell UniOl! on Siminons Spi0gel SuprhGr.lter TWA Unde;rwood United Air Lines United EngincGr3 uu.. s. & Foreign Freight U. S. Pipe uu.. S. ,). Smelting ilaukesha !.!otors ViE stj nghouse f.il. BI',ke r/hi te; S',vring Machine Woolworth Y..le & Young Spring & ,ire Y01J.ncst own Sheet & Tube ;U.7/8 64 39 1/2 43 '3/4 56 7/S ,'39 7/8 ,J 3/4 71 80 3/4 5A 1/4 56 3; J./2 29 601/4 841/2 97, )/'8 3/ 3/4 41 23 3/8 62 1/2 tl 1/2 .1./ 1/2 S3 7/3 2 1/4 L,5 25 1/2 29 35 1/LI- 18 1/; 22 36 1/8 52 32 1/2 37 1/2 17 1/8 15 ')/4 37 46 69 1/4 20 27 3/3 11 1/2 43 3/L. 39 3/4 18 1/2 62 lis 13 5/13 49 27 31 37 1/2 19 1/4 ;3 1/L, ;3 3/4 53 34 1/1, 37 1/2 Ie 3/4 15 3/4 42 47 71 20 2') 14 47 41 1/13 21 6/ 3/4 1 – 12 45 – 42 2.) – 23 30 – 28 31 – 28 19 – 17 n – 20 37 – 34 51 – 49 35 – 33 39 – 36 18 l() 18 – 15 – 35 45 – L,2 67 n – 64 IS 27 – 25 14 – 12 1;5 – 42 I,D — 37 19 – 16 6; – 60 Septcmber 12, 1'146 ED1WND IV. TABELL SHIELDS & COMPfl.NY Closing Dow-Jones Industrials DOl7-Jones Rails Dow-Jones 65-Stock 171. 70 50.36 62.68 The opinions exprened in this letter are the personal interpretation of charts by Mr. Edmund W. Tabell and ore not presented as the opinions of Shief.ds I Comp.any.

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