The action is currently dominated by a narrow group of mega-cap names. The bullish breakout levels has dropped below 100 for few days and stayed in that territory . Month 50% plus had a sharp drop to 4. Nasdaq shows weak action. Most Index corrections in recent years have been lead by Nasdaq diverging from other index.
Overall the market monitor has done a good job of identifying the risk area and I have large cash position. If this proves to be just a correction and once the 50% plus in month level starts accelerating, it will signal aggressiveness.
Total 4% plus bullish breakouts = 79
Total 4% plus bearish breakouts = 77
65 day bullish/bearish ratio = 865/239
Stocks up 50% or more in a month = 4
Stocks up 25% or more in a month = 65
Number of stocks with 100% plus move = 413
Number of stocks up 200% or more = 87
4% plus signals for 100plus universe = 9
4% plus signals for 200plus universe = 4
Selected Stocks from 100% plus universe with 4% breakout
FARO,Faro Technologies Inc (Google Yahoo Earnings Chart)
VC,Visteon Corporation (Google Yahoo Earnings Chart)
Both the stock also have low 65 days growth.
IFLO,I-Flow Corp (Google Yahoo Earnings Chart)
LRW,Labor Ready Inc (Google Yahoo Earnings Chart)
PYX,Playtex Products Inc (Google Yahoo Earnings Chart)
RS,Reliance Steel & Alum Co (Google Yahoo Earnings Chart)
VMI,Valmont Industries Inc (Google Yahoo Earnings Chart)