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