The Investors Business Daily has interesting statistics about the market in today's newspaper. But it only tells part of the story. You may want to look at what happened 10 days, a month, a quarter or a year after that.
There are two kinds of corrections. The sharp corrections are invariable followed by sharp rebounds. The slow drip drip kind of corrections last longer in duration.
Stocks with extreme volume
NBR,Nabors Industries Inc had all time high volume yesterday. The stock did not participate much in the Energy sector rally last year and lagged its peers in yearly price growth rates. Might be a good candidate to watch for short sell.
HW,Headwaters Inc
ILF,iShares S&P Latin America 40 Index Fund ETF
JSDA,Jones Soda Co
NBR,Nabors Industries Inc
Stocks up 50% or more in a month
Keep both these stocks IFO,Infosonics and MED,Medifast Inc in your watchlist, when the market clears, they might have potential, as both have excellent EPS, sales and price growth.
IFO,Infosonics
MED,Medifast Inc
Stocks down 50% or more in a month
To see how stocks on short side behave, I created this mirror image scan of 'Stocks up 50% or more in a month'. You will notice in spite of overall market weakness there are only 4 stocks on this list. This should not be a surprise to those who have tested short strategies. Short strategies have lower expectancies and offer fewer trading opportunities. Also seldom you will get smooth down trends. Most of the time it will be series of gap downs making it difficult to time entries.
ESCL,Escala Group Inc
NBIX,Neurocrine Biosciences
PLAY,Portalplayer
PQE,Proquest Company
Stocks down 50% or more in a year
Now to get a broader picture I looked at a scan of stocks down 50% or more for a year.(price above 50% and average daily cash flow of above 250000 for month) It has 33 stocks only. How does this compare to 443 stocks up 100% or more in a year. We will see if this universe increases dramatically in bear market as the market has just turned bearish while it was in bull market for four years.
ABLE,Able Energy Inc
ANTP,Phazar Corp
ARBX,Arbinet-thexchange
BHIP,Natural Health Trends Corp
BKF,Bkf Capital Group
BTRX,Barrier Therapeutics
CCOI,Cogent Communications Group Inc
CHCI,Comstock Homebuilding Comp
CMN,Cantel Medical Corp.
DDIC,Ddi Corp
DRL,Doral Financial Corp
ENWV,Endwave Corporation
FBP,First Bancorp Holding Co
FORD,Forward Industries Inc
HDL,Handleman Co
IDIX,Idenix Pharmaceuticals Inc
IOC,Interoil Corporation
MRH,Montpelier Re
NABI,Nabi Biopharmaceuticals
NPSP,Nps Pharmaceuticals Inc
PLB,American Italian Pasta
PQE,Proquest Company
RIGL,Rigel Pharmaceuticals Inc
SFCC,SFBC International Inc
SGTL,Sigmatel
SNDA,Shanda Interactive Ent Ltd
SPC,Spectrum Brands Inc
TARO,Taro Pharmaceutical Inds
TIV,Tri-valley Corp
TRMM,Trm Corporation
TWMC,Trans World Entertain Cp
WON,Westwood One Inc
WPTE,WPT Enterprises Inc
Remider: Try Trade-Ideas beta for free
This version has more options for sounds including custom sounds that you can make yourself! It will be released Week of 5/22. Click to download the beta 1.9
The beta is free in demo mode. Use "demo" for username and password and select the "Free High/Low Ticker".
Since1974, the Nasdaq has seen only six losing streaks longer than the current eight-day skid. The composite flashed two nine-day losing streaks in 1982. It's seen three 10 day slumps, once in 1975, 1975 and 1984. The worst stretch came in'84 when the Nasdaq tumbled 16 days in a row.
There are two kinds of corrections. The sharp corrections are invariable followed by sharp rebounds. The slow drip drip kind of corrections last longer in duration.
Stocks with extreme volume
NBR,Nabors Industries Inc had all time high volume yesterday. The stock did not participate much in the Energy sector rally last year and lagged its peers in yearly price growth rates. Might be a good candidate to watch for short sell.
HW,Headwaters Inc
ILF,iShares S&P Latin America 40 Index Fund ETF
JSDA,Jones Soda Co
NBR,Nabors Industries Inc
Stocks up 50% or more in a month
Keep both these stocks IFO,Infosonics and MED,Medifast Inc in your watchlist, when the market clears, they might have potential, as both have excellent EPS, sales and price growth.
IFO,Infosonics
MED,Medifast Inc
Stocks down 50% or more in a month
To see how stocks on short side behave, I created this mirror image scan of 'Stocks up 50% or more in a month'. You will notice in spite of overall market weakness there are only 4 stocks on this list. This should not be a surprise to those who have tested short strategies. Short strategies have lower expectancies and offer fewer trading opportunities. Also seldom you will get smooth down trends. Most of the time it will be series of gap downs making it difficult to time entries.
ESCL,Escala Group Inc
NBIX,Neurocrine Biosciences
PLAY,Portalplayer
PQE,Proquest Company
Stocks down 50% or more in a year
Now to get a broader picture I looked at a scan of stocks down 50% or more for a year.(price above 50% and average daily cash flow of above 250000 for month) It has 33 stocks only. How does this compare to 443 stocks up 100% or more in a year. We will see if this universe increases dramatically in bear market as the market has just turned bearish while it was in bull market for four years.
ABLE,Able Energy Inc
ANTP,Phazar Corp
ARBX,Arbinet-thexchange
BHIP,Natural Health Trends Corp
BKF,Bkf Capital Group
BTRX,Barrier Therapeutics
CCOI,Cogent Communications Group Inc
CHCI,Comstock Homebuilding Comp
CMN,Cantel Medical Corp.
DDIC,Ddi Corp
DRL,Doral Financial Corp
ENWV,Endwave Corporation
FBP,First Bancorp Holding Co
FORD,Forward Industries Inc
HDL,Handleman Co
IDIX,Idenix Pharmaceuticals Inc
IOC,Interoil Corporation
MRH,Montpelier Re
NABI,Nabi Biopharmaceuticals
NPSP,Nps Pharmaceuticals Inc
PLB,American Italian Pasta
PQE,Proquest Company
RIGL,Rigel Pharmaceuticals Inc
SFCC,SFBC International Inc
SGTL,Sigmatel
SNDA,Shanda Interactive Ent Ltd
SPC,Spectrum Brands Inc
TARO,Taro Pharmaceutical Inds
TIV,Tri-valley Corp
TRMM,Trm Corporation
TWMC,Trans World Entertain Cp
WON,Westwood One Inc
WPTE,WPT Enterprises Inc
Remider: Try Trade-Ideas beta for free
This version has more options for sounds including custom sounds that you can make yourself! It will be released Week of 5/22. Click to download the beta 1.9
The beta is free in demo mode. Use "demo" for username and password and select the "Free High/Low Ticker".
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