The bears have retreated on massive volume. This correction is over for now. The QQQQ,Nasdaq 100 Index Tracking Stock ETF, SPY,SPDRs S&P 500 Trust Series ETF and IWM,iShares Russell 2000 Index Fund ETF all three had a positive day on all time high volume.
Many of the components of NASDAQ 100 have already seen buying interest for last two to three days.
Also notice OIH,HOLDRS Oil Service ETF had a all time high volume. Keep a close eye on this sector for further clues to direction.
Keep your watchlist ready.
Stocks with all time high volume
BUF,Minrad International Inc
EEM,iShares MSCI Emerging Markets Index Fund ETF
EWZ,iShares MSCI Brazil Index Fund ETF
GGB,Gerdau Sa Ads
IWM,iShares Russell 2000 Index Fund ETF
LINTA,Liberty Media Interactive Class A
MDG,Meridian Gold Inc
OIH,HOLDRS Oil Service ETF
QQQQ,Nasdaq 100 Index Tracking Stock ETF
SBAC,Sba Communications Corp
SPY,SPDRs S&P 500 Trust Series ETF
Stocks up 50% or more in a month
IFO Infosonics
Stocks down 50% or more in a month
BCGI,Boston Communications Gr
DOVP,Dov Pharmaceutical Inc
ERS,Empire Resources
ESCL,Escala Group Inc
FLYIQ,FLYI Inc
NBIX,Neurocrine Biosciences
NTMD,Nitromed Inc
THLD,Threshold Pharmaceuticals
NOTE: To understand these list and philosophy behind them read following posts
The logic behind monitoring all time high volume
Why study stocks making 50% or a move in a month everyday
How I use the stock with extreme volume signal
How I trade momentum stocks
Tops or bottoms- it's a stock pickers market
How to find good stocks
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