New sectors are emerging | stockbee

3/19/2008

New sectors are emerging

Market Monitor: Bearish

  • Some of the indicators in MM have been in green territory for last few days. Typically indicating short term rally potential.
  • As expected the reflex bounce arrived . The fact that Bear Sterns trouble did not lead to major down move indicated a possibility of bounce.
  • The Fed action was another catalyst.
  • So again market is back in the range.
  • With 1000 plus breakouts in scans, you would expect lot of high volume breakouts, but most of the breakouts are on low volume.
  • Only 24 out of 1002 breakouts have 3005 plus volume surge.
  • IBD 100 has 22 qualifying breakouts, IBD 200 has 33 and Double Trouble 22.
  • Top 10 sectors is where the current focus should be and there are 40 breakouts in among the top 10 sector stocks.

Top 10 Sector Breakouts
AA,Alcoa Inc (Google Yahoo Earnings Chart)
ACO,Amcol International Corp (Google Yahoo Earnings Chart)
AG,Agco Corp (Google Yahoo Earnings Chart)
AKS,Ak Steel Holding Corp (Google Yahoo Earnings Chart)
BDE,Bois d'Arc Energy (Google Yahoo Earnings Chart)
BNI,Burlington Nth Santa Fe (Google Yahoo Earnings Chart)
CLF,Cleveland-Cliffs Inc (Google Yahoo Earnings Chart)
CLR,Continental Resources Inc (Google Yahoo Earnings Chart)
CNI,Canadian Natl Railway (Google Yahoo Earnings Chart)
CR,Crane Co (Google Yahoo Earnings Chart)
CSL,Carlisle Companies Inc (Google Yahoo Earnings Chart)
CXO,Concho Resources Inc (Google Yahoo Earnings Chart)
ESV,Ensco International Inc (Google Yahoo Earnings Chart)
ETN,Eaton Corp (Google Yahoo Earnings Chart)
FSS,Federal Signal Corp (Google Yahoo Earnings Chart)
FST,Forest Oil Corp (Google Yahoo Earnings Chart)
GE,General Electric Co (Google Yahoo Earnings Chart)
GFF,Griffon Corp (Google Yahoo Earnings Chart)
GWR,Genesee & Wyoming Inc A (Google Yahoo Earnings Chart)
HERO,Hercules Offshore Inc (Google Yahoo Earnings Chart)
HK,Petrohawk Energy Corp (Google Yahoo Earnings Chart)
KAMN,Kaman Corp (Google Yahoo Earnings Chart)
LNN,Lindsay Manufacturing Co (Google Yahoo Earnings Chart)
MOS,Mosaic Company (Google Yahoo Earnings Chart)
NSC,Norfolk Southern Corp (Google Yahoo Earnings Chart)
NUE,Nucor Corp (Google Yahoo Earnings Chart)
PDS,Precision Drilling Corp (Google Yahoo Earnings Chart)
RAVN,Raven Industries Inc (Google Yahoo Earnings Chart)
REXX,Rex Energy Corp (Google Yahoo Earnings Chart)
RIG,Transocean Inc (Google Yahoo Earnings Chart)
RRC,Range Resources Corp (Google Yahoo Earnings Chart)
SFE,Safeguard Scientific Inc (Google Yahoo Earnings Chart)
SM,Saint Mary Land & Explor (Google Yahoo Earnings Chart)
STLD,Steel Dynamics Inc (Google Yahoo Earnings Chart)
SXI,Standex Internat Corp (Google Yahoo Earnings Chart)
TG,Tredegar Corporation (Google Yahoo Earnings Chart)
TRS,TriMas Corp (Google Yahoo Earnings Chart)
UNP,Union Pacific Corp (Google Yahoo Earnings Chart)
WLT,Walter Industries Inc (Google Yahoo Earnings Chart)
WRES,Warren Resources Inc (Google Yahoo Earnings Chart)

There are 3-4 good opportunities for short term traders in this list.One of the most surprising candidate in this list is more

No comments: