Market Monitor | stockbee

7/20/2009

Market Monitor


Market Monitor

Market resumes its rally
after a pullback.
Earnings season currently on.
Focus is on Episodic Pivots






TypeIndicatorValueComments
Daily# of Stocks Up >4% on high volume121A mild negative breadth day.
Daily# of stocks down >4% on high volume 142After multi day gains in index a pullback
might be logical.
Primary# of stocks up >25% in a quarter1892
Stocks have held up well during correction.
So many first phase leaders will likely have
second leg of the move.
Primary# of stocks down >25% in a quarter538
Secondary#of stocks up >50% in a month9
Secondary#of stocks down >50% in a month4
Secondary#of stocks up >25% in a month85
Secondary#of stocks down >25% in a month23
Primary fast MM 34/13 + 1909
Primary Fast MM 34/13 - 1053

Top ten stock by Dollar Volume up 4% plus on high volumeibm yhoo aig cit mat hnt kbh bcrx tpx aos

Top ten stocks by Dollar Volume down 4% plus on high volume ge bbt reg fitb fhn kim rf eqr hban mi
Regional banks is the theme here

  • Many stocks have held up well during the correction , some of them had breakout in last couple of days.
  • The Chinese stocks like PWRD, CYOU, NTES, BIDU, ASIA, SOHU, etc. were the first phase leaders , some of them had sharp reversals, but many look still holding on to bulk of their gains and are likely to see breakouts soon.

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