Range in play | stockbee

9/19/2011

Range in play

The market is near top of the range. It had trouble breaking out of range last time. We will see if this time it manages to break it.


The breadth has improved a bit but not yet in bullish crossover mode.



Time to keep an eye on new leadership. Stocks that are outperforming the market during this range bound market or are holding up well are the stocks likely to lead next phase.




ATHN
CALP
CIIC
EXK
GKK
GLBL
GNK
GRO
LPHI
LQDT
MELA
MITK
MMI
NETL
NXG
OPTR
PANL
PRKR
PSMT
RIC
SPRD
STAA
STMP
TMF
TVIX
VGZ
VIXY
VRUS
VXX
WPRT

Unless breadth deteriorates significantly, we will continue to be in range bound mode. Mosdt moves will be of smaller magnitude till range breaks. 

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