Down move may be just around the corner

Down move may be just around the corner

March 20, 2007

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)