Market Monitor | stockbee

7/06/2007

Market Monitor

  • It was a good momentum day with 161 stocks up 4% or more.
  • The 100% plus universe has been witnessing very good momentum for last couple of days. The pockets of strength is concentrated in high relative strength stocks.
  • Another group of stocks which are showing good momentum for last month or so are a handful of big cap technology stocks.
  • Much of the rest of the market is drifting. So if you are not positioned properly, you can not benefit from the momentum effect.
  • Bonds have started moving, which might indicate a post holiday pullback.

No comments: