|Daily||# of Stocks Up >4% on high volume||317|
|Daily||# of stocks down >4% on high volume||127|
|Primary||# of stocks up >25% in a quarter||2918|
|Primary||# of stocks down >25% in a quarter||376|
|Secondary||#of stocks up >50% in a month||77|
|Secondary||#of stocks down >50% in a month||3|
|Secondary||#of stocks up >25% in a month||406|
|Secondary||#of stocks down >25% in a month||27|
|Primary fast||MM 34/13 +||2899|
|Primary Fast||MM 34/13 -||529|
- Above data tells you about major moves in the market.
- It was a 300 plus positive breakout day. 127 stocks were down 4% plus on high volume. So daily breakout breadth was positive.
- But if you look underneath the surface a correction in some stocks is in progress.
- At the same time new sectors which have not participated so far in this rally are breaking out.
- Shipping, coal and oil and gas stocks saw some new breakouts.
- As these sectors are at beginning of move getting in to them may be less risky.
- So this correction is so far looking orderly with sector rotation as theme.
- If you look at the top 25 4% breakout by dollar volume MS , POT, and DRYS were top 3 breakouts.
- If you look at top 25 4% breakdown by dollar volume you will see MA, AOC, and HIG were top 3 breakdowns.
- You can also sort these breakout list by sector to get idea of which sector are dominating the list.
- You can sort these lists by distance from 6 month high. That tells you whether buying or selling is of stock near high or low.
- I also religiously look at every stock in the scan # of stocks up 50% plus in a month. That tells you a lot about what makes a stock make a 50% plus move and what to look in a stock likely to go up big next time or to find explosive move.
- If you see the list of stocks up 50% plus in a month currently you will see lot of large caps are also making it to the list. That tells you lot of money is flowing in in to this market.
- You can sort the list by float, distance from six month, Kirkpatrick P/S ranking, relative strength ranking , etc. that helps you understand what kind of stocks are moving up.
- If you sort the list of stocks from the scan # of stocks up 25% plus in a month by Price Percent change 5 day . It will show you stocks which are having a 5 day pullback after a big move in a month.
- These kind of detailed look at component of Market Monitor , if you do it daily, gives you a good feel for the market and actionable buy and sell ideas.
- Besides this I look at Top 10 sectors by IBD ranking in IBD sector tables.
- I look at top 10 sectors by MDT ranking.
- I also look at Top 25 stocks by MDT ranking.
- If you set up your Telechart tabs properly all these things take you just 10 to 15 minutes to do.
- If you do this regularly then you are always on top of the market and often see emerging market moves before they can hurt you or benefit you.