Market Monitor | stockbee

7/10/2007

Market Monitor

4% plus breakout on high volume 71
4% plus down move on high volume 165

Stocks up 25% or more in 65 days 816
Stocks down 25% or more in 65 days 282

Stocks up 50% or more in a month 11
Stocks up 25% or more in a month 74

Stocks up 100% or more from 260 days low 512
Stocks up 200% or more from 260 days low 122

Stocks up 4% today and up 100% plus from 260 days low 11
Stocks up 4% today and up 200% plus from 260 days low 3

After a 21 day period of good profit making opportunities on long side the market had a bit of correction today. This should not surprise anyone. When you see the euphoric moves in solar stocks yesterday and see the 50% plus numbers approaching 20, you have to start taking profits or tightening stops.

Now again after few days or weeks of weakness the market will set it up for long side plays. In the meanwhile Episodic Pivots and Earnings trades will continue to work.

The bears in the meanwhile will again paint scary scenarios, scaring you away when next buy opportunity presents itself. That is the way of the market.

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