Breakouts

January 30, 2007

Looks like another day with 100 plus breakouts. More new sectors and stocks are witnessing high volume breakouts. Earning lead breakouts continue to work. Trucking and shipping are witnessing number of breakouts.

AGIX,Atherogenics Inc (Google  Yahoo  Earnings  Chart) 
ALGN,Align Tech Inc (Google  Yahoo  Earnings  Chart) 
ALTH,Allos Therapeutics Inc. (Google  Yahoo  Earnings  Chart) 
BTJ,Bolt Technology Corp (Google  Yahoo  Earnings  Chart) 
BYI,Bally Technologies Inc (Google  Yahoo  Earnings  Chart) 
CNW,Con-Way Inc (Google  Yahoo  Earnings  Chart) 
CPRX,Catalyst Pharmaceuticals (Google  Yahoo  Earnings  Chart) 
FBNC,First Bancorp Nc (Google  Yahoo  Earnings  Chart) 
FCL,Foundation Coal Holdings (Google  Yahoo  Earnings  Chart) 
FHN,First Horizon Natl (Google  Yahoo  Earnings  Chart) 
GIB,Cgi Group Inc (Google  Yahoo  Earnings  Chart) 
IEX,Idex Corp (Google  Yahoo  Earnings  Chart) 
IFON,Infosonics (Google  Yahoo  Earnings  Chart) 
ISSC,Innovative Solutions (Google  Yahoo  Earnings  Chart) 
ITW,Illinois Tool Works Inc (Google  Yahoo  Earnings  Chart) 
IXYS,Ixys Corporation (Google  Yahoo  Earnings  Chart) 
JDAS,Jda Software Group Inc (Google  Yahoo  Earnings  Chart) 
KRON,Kronos Inc (Google  Yahoo  Earnings  Chart) 
LPSN,Liveperson Inc (Google  Yahoo  Earnings  Chart) 
NBL,Noble Energy Inc (Google  Yahoo  Earnings  Chart) 
OIL,iPath Goldman Sachs Crude Oil TR Idx ETN (Oil) (Google  Yahoo  Earnings  Chart) 
PACT,Pacificnet Inc (Google  Yahoo  Earnings  Chart) 
PIR,Pier 1 Imports Inc (Google  Yahoo  Earnings  Chart) 
RGA,Reinsurance Group Of Am (Google  Yahoo  Earnings  Chart) 
RPRX,Repros Therapeutics Inc (Google  Yahoo  Earnings  Chart) 
RTI,Rti Internat Metal Inc (Google  Yahoo  Earnings  Chart) 
SSTI,Silicon Storage Tech Inc (Google  Yahoo  Earnings  Chart) 
STKL,Sunopta Inc (Google  Yahoo  Earnings  Chart) 
TCHC,21st Century Holdings (Google  Yahoo  Earnings  Chart) 
TSU,Tim Partcipacoes S.A. (Google  Yahoo  Earnings  Chart) 
TWI,Titan Internat Inc (Google  Yahoo  Earnings  Chart) 
UNM,Unumprovident Corp (Google  Yahoo  Earnings  Chart) 
USO,United States Oil Fund ETF (Google  Yahoo  Earnings  Chart) 
USTR,United Stationers Inc (Google  Yahoo  Earnings  Chart) 
X,US Steel Corp (Google  Yahoo  Earnings  Chart) 
YRCW,YRC Worldwide Inc (Google  Yahoo  Earnings  Chart) 
ZMH,Zimmer Holdings (Google  Yahoo  Earnings  Chart) 

9 comments :

  1. UnknownJan 30, 2007, 8:29:00 PM

    It looks like microcaps (IWC), small caps (IWM), and mid caps (MDY) are starting to gain relative strength. Also, they are lower risk than big caps right now; just look at big cap (DIA, SPY) runs from its May highs and how lackluster these have been.

    Specifically, small cap growth (IWO) looks less risky than small cap value (IWN). Small cap biotechs like GNBT and AVII seem to be turning on again.

    Growth stocks are looking to get back in vogue. This is good for the Q's.

    ReplyDelete
  2. UnknownJan 30, 2007, 8:32:00 PM

    A stronger dollar and interest rate fears make overextended big cap value less attractive because the dollar will hurt their oversees earnings. Speculative growth does not hinge as much on earnings guidance.

    ReplyDelete
  3. Pradeep BondeJan 30, 2007, 8:48:00 PM

    F
    You are right and I will have more on the rally in small cap in tommorrow mornings post. Since Monday the small caps are back in play. There were two days of 100 plus breakouts, most of them small caps. All my models started going in overdrive since Monday afternoon and lot of the kind of stuff which makes 25% plus kind of moves in quarter started breaking out. The specuative Amex index is already rallying for a week or so now. Both my RAPID and VIRGIN models have more signals than I can handle currently.
    The ever changing cycles of market continues.

    ReplyDelete
  4. UnknownJan 30, 2007, 8:49:00 PM

    The Q's are likely to explode upwards. The downside is limited here. Going to load up on the 44 calls.

    ReplyDelete
  5. UnknownJan 30, 2007, 10:18:00 PM

    quick technical question:

    what is your working definition for "breakout" in contexts like this - "Looks like another day with 100 plus breakouts. More new sectors and stocks are witnessing high volume breakouts. Earning lead breakouts continue to work. Trucking and shipping are witnessing number of breakouts."

    in some cases for the listed stocks, its (1) a new all time high... and in other cases its (2) a breakout above a recent high after which there was a breakout but not necessarily a brand new high...

    is this list the result of a single scan?

    ReplyDelete
  6. Pradeep BondeJan 31, 2007, 7:06:00 AM

    Breakout is 5% move on higher volume than yesterday. The output is from single scan but I did not put up the full list. Volume for the day has to be higher than 100000.

    ( 100 * (C - C1) / C1) >= 5 AND V >= 1000 AND V > V1

    The logic is 5% plus move in a stock is significant.2% in a sector or Index is significant.
    Using that scan there were 153 stocks in the scan. To put that number in perspective till last week average number of breakouts were around 60.
    I will have more on this during the day in seperate post.

    ReplyDelete
  7. walterJan 31, 2007, 9:13:00 AM

    thanks for the clarification - i was asking because in my my mind i was looking at your "price/volume" breakouts and trying to reconcile that with the trendlines, support/resistance lines, recent price action and not necessarily seeing "chart" breakouts

    thanks

    ReplyDelete
  8. nodoodahsJan 31, 2007, 9:43:00 AM

    Could you base the move as a ratio of each stock's recent volatility as opposed to a flat 5% for everyone?

    Volume as a ratio to recent volume on average as opposed to one day?

    ReplyDelete
  9. Pradeep BondeJan 31, 2007, 9:49:00 AM

    Either of the approach can be used but after experimenting with both I have some insights in to why one is preferable over the other.
    Average volume comparisons are normaly used but remember any method of averaging( no matter what you use to reduce lag), gives you slower signal due to lag. Same is true of average volatility.

    ReplyDelete

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