Down move may be just around the corner | stockbee


Down move may be just around the corner

Another low volume up day for market. Moves like this on low volume have high probability of failure. Those becoming comfortable with long side might find a nasty surprise in a day or two.
The 50% plus in a month reading is currently at 3. The indicator has been around this reading for sometime and a down move here might washout pre mature bulls and set up for sustainable bounce. Individual stocks are worth examining for buys here. The fresh breakouts are from new sectors and unlikely to be affected by a shakeout.

Market Monitor
Total 4% plus bullish breakouts=134
Total 4% plus bearish breakouts=33
65 day bullish/bearish ratio= 643/382
Stocks up 50% or more in a month=3
Stocks up 25% or more in a month=29
Number of stocks with 100% plus move =310
Number of stocks up 200% or more = 64
4% plus signals for 100plus universe=35
4% plus signals for 200plus universe=7

Select stocks which had 100% plus move in last 260 days from the low and which are up more than 4% on higher volume. Today's minimum volume is above 100000. To understand how to trade this see the post "How to find a stock which makes a 1500% plus move in a year".

ANO,Anooraq Resources Corp (Google  Yahoo  Earnings  Chart
AUXL,Auxilium Pharmaceuticals Inc (Google  Yahoo  Earnings  Chart
BRKR,Bruker Biosciences Corp (Google  Yahoo  Earnings  Chart
BW,Brush Engineered (Google  Yahoo  Earnings  Chart
CIMT,Cimatron Ltd (Google  Yahoo  Earnings  Chart
CKSW,Clicksoftware Technlgies (Google  Yahoo  Earnings  Chart
CRY,Cryolife Inc (Google  Yahoo  Earnings  Chart
CYTR,Cytrx Corporation (Google  Yahoo  Earnings  Chart
DSTI,Daystar Technologies Inc (Google  Yahoo  Earnings  Chart
ESCH,Eschelon Telecom Inc (Google  Yahoo  Earnings  Chart
EXM,Excel Maritime Carriers (Google  Yahoo  Earnings  Chart
GIGM,Gigamedia Limited (Google  Yahoo  Earnings  Chart
GNVC,Genvec Inc (Google  Yahoo  Earnings  Chart
HNSN,Hansen Medical Inc (Google  Yahoo  Earnings  Chart
HRSH,Hirsch International Corp Class A (Google  Yahoo  Earnings  Chart
IGTE,Igate Corporaion (Google  Yahoo  Earnings  Chart
JADE,Lj Internat Inc (Google  Yahoo  Earnings  Chart
LEND,Accredited Home Lenders (Google  Yahoo  Earnings  Chart
MEND,Micrus Endovascular Corp (Google  Yahoo  Earnings  Chart
MGM,MGM MIRAGE Inc (Google  Yahoo  Earnings  Chart
ONT,On2.Com Inc (Google  Yahoo  Earnings  Chart
PERY,Perry Ellis Int'l (Google  Yahoo  Earnings  Chart
PRKR,Parkervision Inc (Google  Yahoo  Earnings  Chart
PRW,Pro-pharmaceuticals Inc (Google  Yahoo  Earnings  Chart
RBY,Rubicon Minerals Corporation (Google  Yahoo  Earnings  Chart
RGR,Sturm Ruger & Co Inc (Google  Yahoo  Earnings  Chart
RMBS,Rambus Inc (Google  Yahoo  Earnings  Chart
SGEN,Seattle Genetic (Google  Yahoo  Earnings  Chart
SILC,Silicom Ltd (Google  Yahoo  Earnings  Chart
SIMO,Silicon Motion Technology Corp (Google  Yahoo  Earnings  Chart
VC,Visteon Corporation (Google  Yahoo  Earnings  Chart
VDSI,Vasco Data Security Intl (Google  Yahoo  Earnings  Chart
VTO,Vitro Sociedad Anonima (Google  Yahoo  Earnings  Chart
WFR,Memc Electronic Material (Google  Yahoo  Earnings  Chart
XIDE,Exide Tech (Google  Yahoo  Earnings  Chart


KN said...


On average how many positions do you hold in your portfolio?



Pradeep Bonde said...

Around 5 or less. Concentration builds wealth, diversification protects wealth.

KN said...

Interesting, do you pyramid on winning positions or do you use the full position initially?

Pradeep Bonde said...

Pyramid a lot. But on some plays like earnings I might put in a large position in the beginning itself. The way the earnings trade works on unknown stock is it just bursts in to 50% to 300% move very rapidly without offering opportunities to pyramid. Plus in such trades there is no negative catalyst till next earnings or atleast for next 4-6 weeks. Now some of these learnings have happened after trading it for five six years, so I just know what is going to work mostly before hand.