Some stocks set for rallies
How does a market turn and how can you anticipate market turns. Everyone has different ways to do it and it is a function of your understanding of overall market mechanics. It is also a function of your trading philosophy. Those who go by fundamentals look at stocks trading below a certain valuation levels. The macro players look at interest rates, liquidity, consumer spending, jobs etc. The cycle followers and Elliot wave followers look at cycles and their length. Technical traders look at support, resistance, chart patterns etc. No matter what trading style you follow you should have a way to determine overall market direction.
I follow a very simple objective method to determine market direction. It is based on a ratio of up and down stocks price in last 65 days. It gives you an objective consistently tradable signal. Going by that indicator we have a high probability of a rally developing in next couple of weeks.
When a rally starts developing you will see first set of stocks starts to rally, they have follow through , then more join in. In last couple of days certain set of stocks have started moving and are also witnessing follow through. So the early birds are off and that also gives clear indicator of what sectors are likely to rally.
Breakout stocks
ABCB,Abc Bancorp
AKAM,Akamai Technologies Inc
ALJ,Alon USA Energy Inc
ARWR,Arrowhead Research Corp
BEAV,Be Aerospace Inc
CELL,Brightpoint Inc
CLB,Core Laboratories N.V.
CROX,Crocs Inc
DNR,Denbury Resources Ltd
DPTR,Delta Petroleum Corp
DTLK,Datalink Corporation
DXPE,Dxp Enterprises Inc
EVVV,EV3 Inc
FILE,Filenet Corp
FLSH,M-Systems Flash Disk Pio
GIFI,Gulf Island Fabrication
GMRK,Gulfmark Offshore Inc
HEPH,Hollis-eden Pharmaceut
HSR,Hi-Shear Technology Corp
HUM,Humana Inc
KFX,KFX Inc
MEA,Metalico Inc
MLI,Mueller Industries Inc
NANX,Nanophase Technologies C
NGAS,NGAS Resources Inc
NGPS,Novatel Inc
NGS,Natural Gas Svcs Grp Inc
NTY,Nbty Inc
NUHC,Nu Horizons Electronics
NVEC,Nve Corp
POZN,Pozen Incorporated
PSS,Payless Shoe Sources
PTEN,Patterson-Uti Energy Inc
PXE,PowerShares Dynamic Energy Exploration & Production Portfolio ETF
RRC,Range Resources Corp
SHPGY,Shire Pharma Grp Plc Ads
SIM,Grupo Simec S A Adr
SWN,Southwestern Energy Co
USEY,U.S. Energy Systems Inc
ZONS,Zones Inc
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