It is currently a difficult environment to trade in. The best long entries were couple of weeks ago when the market looked most vulnerable and the bears were dancing on the street. That was an ideal panic buy set up for quick profit. Now putting on long is tricky.
Even more tricky thing is shorts. Yesterday provided a good lesson in why you need to be very patient to put your shorts. The last two days action had shorts excited. The hypothesis is that this move is fated for failure. That is my hypothesis also, but timing is the issue. So overeager Index shorts were a very good fodder for the last 45 minutes rally. Part of the rally was quarter end effect and large part of it was again panicky shorts getting squeezed. The game always remains the same on the street.
Total 4% plus bullish breakouts=99
Total 4% plus bearish breakouts=54
65 day bullish/bearish ratio= 727/319
Stocks up 50% or more in a month=7
Stocks up 25% or more in a month=53
Number of stocks with 100% plus move =320
Number of stocks up 200% or more = 64
4% plus signals for 100plus universe=8
4% plus signals for 200plus universe=3
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. Short term momentum often translates in to long term momentum.
GOL,Gollinhas Aereas Inteligentes (Google Yahoo Earnings Chart)
IPS,Ipsco Inc (Google Yahoo Earnings Chart)
PBR,Petroleo Brasileiro S.A. Petrobras ADS (Google Yahoo Earnings Chart)
PBR.A,Petroleo Brasileiro S.A. Petrobras ADS Class A (Google Yahoo Earnings Chart)
PKX,Posco (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".
Force Protection Inc, is a Iraq war play and stock is up 886% from 260 days low. I have had two very profitable trades in this stock in last 6 month and now in to third trade on this one. SPAR, Spartan Motors is a related company in this category and is up 238% from 260 days low.
BPA,Biosante Pharmaceuticals (Google Yahoo Earnings Chart)
CCC,Calgon Carbon Corp (Google Yahoo Earnings Chart)
FRPT,Force Protection Inc (Google Yahoo Earnings Chart)
GMO,Idaho General Mines Inc (Google Yahoo Earnings Chart)
HMB,Homebanc Corp (Google Yahoo Earnings Chart)
TGX,Theragenics Corp (Google Yahoo Earnings Chart)
TSL,Trina Solar Ltd. (Google Yahoo Earnings Chart)
WBD,Wimm Bill Dann Foods Ojsc (Google Yahoo Earnings Chart)