Aggressive Selling

Aggressive Selling

January 3, 2007

The strength in the market is deceptive. Below the surface there is lot of selling. After a long time, I have several stocks showing up on the short scans. Some of this clearly looks like asset rebalancing and asset allocation related. I am so far skeptical of the breakouts. The short term sentiments are at top end, plus we have earning season starting soon. Keep a close watch on QID for a long entry if this move proves to be a trap.

Oil and metal sector dominate the action in this group below.Stocks witnessing selling today:
ALY,Allis-Chalmers Energy Inc (Google  Yahoo  Earnings BW  Chart) 
ARD,Arena Resources Inc (Google  Yahoo  Earnings BW  Chart) 
AXE,Anixter International (Google  Yahoo  Earnings BW  Chart) 
BAS,Basic Energy Services Inc (Google  Yahoo  Earnings BW  Chart) 
BTE,Baytex Energy Inc (Google  Yahoo  Earnings BW  Chart) 
BTJ,Bolt Technology Corp (Google  Yahoo  Earnings BW  Chart) 
BTU,Peabody Energy (Google  Yahoo  Earnings BW  Chart) 
BUCY,Bucyrus International Inc (Google  Yahoo  Earnings BW  Chart) 
CNQ,Canadian Natural Res Ltd (Google  Yahoo  Earnings BW  Chart) 
CNX,Consol Energy Inc (Google  Yahoo  Earnings BW  Chart) 
COG,Cabot Oil & Gas Corp (Google  Yahoo  Earnings BW  Chart) 
CPX,Complete Production Services Inc (Google  Yahoo  Earnings BW  Chart) 
CRZO,Carrizo Oil & Gas Inc (Google  Yahoo  Earnings BW  Chart) 
DRQ,Dril-Quip Inc (Google  Yahoo  Earnings BW  Chart) 
DUK,Duke Energy Corp (Google  Yahoo  Earnings BW  Chart) 
EPEX,Edge Petroleum Corp (Google  Yahoo  Earnings BW  Chart) 
FCL,Foundation Coal Holdings (Google  Yahoo  Earnings BW  Chart) 
FCX,Freeport Mcmoran C&G B (Google  Yahoo  Earnings BW  Chart) 
GMXR,Gmx Resources Inc (Google  Yahoo  Earnings BW  Chart) 
HERO,Hercules Offshore Inc (Google  Yahoo  Earnings BW  Chart) 
HOFF,Horizon Offshore Inc (Google  Yahoo  Earnings BW  Chart) 
HP,Helmerich & Payne Inc (Google  Yahoo  Earnings BW  Chart) 
IAAC,Internat Asset Holdg Cp (Google  Yahoo  Earnings BW  Chart) 
IO,Input/Output Inc (Google  Yahoo  Earnings BW  Chart) 
KBR,KBR Inc. (Google  Yahoo  Earnings BW  Chart) 
KWK,Quicksilver Resources (Google  Yahoo  Earnings BW  Chart) 
MDR,Mcdermott Internat Inc (Google  Yahoo  Earnings BW  Chart) 
MEE,Massey Energy Company (Google  Yahoo  Earnings BW  Chart) 
NBR,Nabors Industries Inc (Google  Yahoo  Earnings BW  Chart) 
NFX,Newfield Exploration (Google  Yahoo  Earnings BW  Chart) 
NG,Novagold Resources Inc (Google  Yahoo  Earnings BW  Chart) 
OII,Oceaneering Internat (Google  Yahoo  Earnings BW  Chart) 
OIS,Oil States Intl (Google  Yahoo  Earnings BW  Chart) 
PLLL,Parallel Petroleum Corp (Google  Yahoo  Earnings BW  Chart) 
PWE,Penn West Energy Trust (Google  Yahoo  Earnings BW  Chart) 
RDC,Rowan Companies Inc (Google  Yahoo  Earnings BW  Chart) 
RRC,Range Resources Corp (Google  Yahoo  Earnings BW  Chart) 
SA,Seabridge Gold Inc (Google  Yahoo  Earnings BW  Chart) 
SPF,Standard Pacific Corp (Google  Yahoo  Earnings BW  Chart) 
SPN,Superior Energy Svcs Inc (Google  Yahoo  Earnings BW  Chart) 
SPR,Spirit Aerosystems Holdings (Google  Yahoo  Earnings BW  Chart) 
SWN,Southwestern Energy Co (Google  Yahoo  Earnings BW  Chart) 
TCK,Teck Cominco Limited (Google  Yahoo  Earnings BW  Chart) 
TEX,Terex Corp (Google  Yahoo  Earnings BW  Chart) 
TLM,Talisman Energy Inc (Google  Yahoo  Earnings BW  Chart) 
TTI,Tetra Technologies Inc (Google  Yahoo  Earnings BW  Chart) 
TXCO,Exploration Co Of Delawr (Google  Yahoo  Earnings BW  Chart) 
UPL,Ultra Petroleum Corp (Google  Yahoo  Earnings BW  Chart) 
WFT,Weatherford International Ltd (Google  Yahoo  Earnings BW  Chart) 
WHQ,W-h Energy Services Inc (Google  Yahoo  Earnings BW  Chart)