Rally runs out of steam | stockbee

3/28/2007

Rally runs out of steam

The counter trend rally from the panicky bottom seems to have run out of steam. The longevity of the rally was always a question mark because it was happening to quickly after the correction. But the few weeks offered lots of opportunities and number of new stocks like BTJ, DXPE, WFR, JSDA, ROCM, ACAD, CPHD, PRGX, etc. had a quick 25 to 50% move within that time period. There still might be another attempt at bounce , driven by month end and quarter end dynamics.

The next phase of down move is likely to be characterized by steady systematic selling. That kind of steady selling can be enduring. Panics are always of short duration and good opportunities for long.

Long opportunities will still continue to offer better options. Especially the episodic pivot scans will work, even if we go in to a down move. Only thing is greater selectivity will be required. As bulk of my focus is on Episodic Pivots, I have added that scan information to this post and hence forth will shift attention to it rather than 100% plus moves.

Market Monitor
Total 4% plus bullish breakouts=67
Total 4% plus bearish breakouts=61
65 day bullish/bearish ratio= 707/328
Stocks up 50% or more in a month=7
Stocks up 25% or more in a month=51
Number of stocks with 100% plus move =322
Number of stocks up 200% or more = 59
4% plus signals for 100plus universe=16
4% plus signals for 200plus universe=5


Select stocks which had Episodic Pivot moves today. Unusual price and volume move often kick start a long duration rallies. Identifying the catalyst behind such one day move can help determine the likelihood of the move continuing.

Episodic Pivots

ACPW,Active Power Inc (Google  Yahoo  Earnings  Chart
ANF,Abercrombie & Fitch Co (Google  Yahoo  Earnings  Chart
BDCO,Blue Dolphin Energy Co (Google  Yahoo  Earnings  Chart
BLKB,Blackbaud Inc (Google  Yahoo  Earnings  Chart
CYCC,Cyclacel Pharmaceuticals Inc (Google  Yahoo  Earnings  Chart
CYTK,Cytokinetics (Google  Yahoo  Earnings  Chart
DIO,Diomed Holdings Inc (Google  Yahoo  Earnings  Chart
DNDN,Dendreon Corporation (Google  Yahoo  Earnings  Chart
DVSA,Diversa Corporation (Google  Yahoo  Earnings  Chart
FUL,H.b. Fuller Co (Google  Yahoo  Earnings  Chart
GHCI,Genesis Healthcare Corp (Google  Yahoo  Earnings  Chart
GRZ,Gold Reserve Inc (Google  Yahoo  Earnings  Chart
HAYZ,Hayes Lemmerz International Inc (Google  Yahoo  Earnings  Chart
HWCC,Houston Wire & Cable Company (Google  Yahoo  Earnings  Chart
IDSA,Industrial Svcs Of Amer (Google  Yahoo  Earnings  Chart
KRY,Crystallex Internat Corp (Google  Yahoo  Earnings  Chart
LMRA,Lumera Corporation (Google  Yahoo  Earnings  Chart
LNDC,Landec Corporation (Google  Yahoo  Earnings  Chart
NCST,NUCRYST Pharmaceuticals Corp (Google  Yahoo  Earnings  Chart
NOIZ,Micronetics Inc (Google  Yahoo  Earnings  Chart
NYMX,Nymox Pharmaceutical Corp (Google  Yahoo  Earnings  Chart
PVH,Phillips-Van Heusen Corp (Google  Yahoo  Earnings  Chart
SYPR,Sypris Solutions Inc (Google  Yahoo  Earnings  Chart
TECUA,Tecumseh Products Cl A (Google  Yahoo  Earnings  Chart
VYYO,Vyyo Incorporated (Google  Yahoo  Earnings  Chart


Select stocks which had 100% plus move in last 260 days from the low and which are up more than 4% on higher volume. Today's minimum volume is above 100000. To understand how to trade this see the post "How to find a stock which makes a 1500% plus move in a year".
BPA,Biosante Pharmaceuticals (Google  Yahoo  Earnings  Chart
BRLC,Syntax-Brillian Corp (Google  Yahoo  Earnings  Chart
CDY,Cardero Resource Corp (Google  Yahoo  Earnings  Chart
CNST,Constar Internatl (Google  Yahoo  Earnings  Chart
CTCH,Commtouch Software Ltd (Google  Yahoo  Earnings  Chart
CYNO,Cynosure Inc (Google  Yahoo  Earnings  Chart
GMO,Idaho General Mines Inc (Google  Yahoo  Earnings  Chart
GOT,Gottschalks Inc (Google  Yahoo  Earnings  Chart
HAYZ,Hayes Lemmerz International Inc (Google  Yahoo  Earnings  Chart
HOKU,Hoku Scientific Inc (Google  Yahoo  Earnings  Chart
MFW,M&F Worldwide Corp (Google  Yahoo  Earnings  Chart
NTY,Nbty Inc (Google  Yahoo  Earnings  Chart
NXST,Nexstar Broadcasting Group (Google  Yahoo  Earnings  Chart
NYMX,Nymox Pharmaceutical Corp (Google  Yahoo  Earnings  Chart
SPTN,Spartan Stores Inc (Google  Yahoo  Earnings  Chart
VYYO,Vyyo Incorporated (Google  Yahoo  Earnings  Chart

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