Range bound markets and opportunities
Yesterday I had over 100 breakouts in my scans. Several of them have the right earnings catalyst and relative strength plus sector fuel to take them higher. If you see the following list, you should find ample opportunities on long side:
Selected breakouts with potential:
AOI,Alliance One International Inc (Google Yahoo Earnings Chart)
BMRN,Biomarin Pharmaceuticals (Google Yahoo Earnings Chart)
BPFH,Boston Private Fincl Hld (Google Yahoo Earnings Chart)
CSIQ,Canadian Solar Inc (Google Yahoo Earnings Chart)
ESLR,Evergreen Solar Inc (Google Yahoo Earnings Chart)
FBP,First Bancorp Holding Co (Google Yahoo Earnings Chart)
FCEL,Fuelcell Energy Inc (Google Yahoo Earnings Chart)
FLML,Flamel Technologies Sa (Google Yahoo Earnings Chart)
FSLR,First Solar Inc (Google Yahoo Earnings Chart)
FSYS,Fuel Systems Solutions Inc (Google Yahoo Earnings Chart)
GNTX,Gentex Corp (Google Yahoo Earnings Chart)
GYI,Getty Images Inc (Google Yahoo Earnings Chart)
HLS,Healthsouth Corp (Google Yahoo Earnings Chart)
IMCL,Imclone Systems Inc (Google Yahoo Earnings Chart)
IPSU,Imperial Sugar Company (Google Yahoo Earnings Chart)
IRM,Iron Mountain Inc (Google Yahoo Earnings Chart)
JST,Jinpan Internat Ltd (Google Yahoo Earnings Chart)
LYO,Lyondell Chemical Co (Google Yahoo Earnings Chart)
OFG,Oriental Financial Group (Google Yahoo Earnings Chart)
PERY,Perry Ellis Int'l (Google Yahoo Earnings Chart)
PFBC,Preferred Bank Los Angeles (Google Yahoo Earnings Chart)
POT,Potash Cp Saskatchewan (Google Yahoo Earnings Chart)
QLTI,Qlt Inc (Google Yahoo Earnings Chart)
RGR,Sturm Ruger & Co Inc (Google Yahoo Earnings Chart)
SBH,Sally Beauty Holdings Inc. (Google Yahoo Earnings Chart)
SBNY,Signature Bank (Google Yahoo Earnings Chart)
SIGM,Sigma Designs Inc (Google Yahoo Earnings Chart)
SILC,Silicom Ltd (Google Yahoo Earnings Chart)
SIRO,Sirona Dental Systems Inc (Google Yahoo Earnings Chart)
SOHU,Sohu.Com Inc (Google Yahoo Earnings Chart)
SPAR,Spartan Motors Inc (Google Yahoo Earnings Chart)
STLD,Steel Dynamics Inc (Google Yahoo Earnings Chart)
STP,Suntech Power Holdings Co Ltd (Google Yahoo Earnings Chart)
TDG,TransDigm Group Inc (Google Yahoo Earnings Chart)
TRCR,Transcend Services Inc (Google Yahoo Earnings Chart)
TRID,Trident Microsystems Inc (Google Yahoo Earnings Chart)
TSCM,Thestreet.Com (Google Yahoo Earnings Chart)
TSL,Trina Solar Ltd. (Google Yahoo Earnings Chart)
USAP,Universal Stain & Alloy (Google Yahoo Earnings Chart)
UTI,Universal Technical Institute (Google Yahoo Earnings Chart)
WWW,Wolverine World Wide (Google Yahoo Earnings Chart)
XIDE,Exide Tech (Google Yahoo Earnings Chart)
What are the sector themes emerging. Solar energy, every single stock related to solar energy is breaking out. Clearly the market seems to like the prospect for solar plays. Steel and metal is another sector witnessing breakouts in last couple of days. These sectors are breaking out after a few quarters of good earnings. Regional Banks are also breaking out. In last couple of weeks Regional Banks have seen large scale breakouts after many months of unerperformance. Other sectors where there are fresh breakouts is large cap biotechs, auto parts and aerospace.
So even though market is stuck in range there are lots of opportunities.
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