Market Monitor

Market Monitor

March 8, 2007

27 stocks out of 100% plus universe were up 4% yesterday. While it is tempting to assume simplistic theories about what happens in a bearish correction phase, in reality things are more complex. Stocks with price momentum depending on how much they have moved and how far they are in their momentum cycle , determines whether they will correct or withstand correction. Simplistic theories like everything is going to go down, short every bounce, and everything is going to crash, kinds indicate a lack of understanding about how markets work.

I will later talk about what my studies show about high momentum and high earnings momentum stocks during corrections like we are currently witnessing.

Market Monitor

Total 4% plus bullish breakouts=112
Total 4% plus bearish breakouts=56
65 day bullish/bearish ratio= 585/369
Stocks up 50% or more in a month=7
Stocks up 25% or more in a month=44
Number of stocks with 100% plus move =275
Number of stocks up 200% or more = 55
4% plus signals for 100plus universe=27
4% plus signals for 200plus universe=5

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.
ALAN,Alanco Technologies (Google  Yahoo  Earnings  Chart) 
BTJ,Bolt Technology Corp (Google  Yahoo  Earnings  Chart) 
EGI,Entree Gold Inc (Google  Yahoo  Earnings  Chart) 
FARO,Faro Technologies Inc (Google  Yahoo  Earnings  Chart) 
HLIT,Harmonic Inc (Google  Yahoo  Earnings  Chart) 
ICAD,Icad Inc (Google  Yahoo  Earnings  Chart) 
IGTE,Igate Corporaion (Google  Yahoo  Earnings  Chart) 
IVN,Ivanhoe Mines Ltd (Google  Yahoo  Earnings  Chart) 
MEND,Micrus Endovascular Corp (Google  Yahoo  Earnings  Chart) 
MOVI,Movie Gallery Inc (Google  Yahoo  Earnings  Chart) 
NEXM,Nexmed Inc (Google  Yahoo  Earnings  Chart) 
NM,Navios Maritime Holdings Inc (Google  Yahoo  Earnings  Chart) 
ONT,On2.Com Inc (Google  Yahoo  Earnings  Chart) 
ORCH,Orchid Cellmark Inc (Google  Yahoo  Earnings  Chart) 
PED,Smartpros Ltd (Google  Yahoo  Earnings  Chart) 
POT,Potash Cp Saskatchewan (Google  Yahoo  Earnings  Chart) 
PTT,Vcg Holding Copr (Google  Yahoo  Earnings  Chart) 
RICK,Rick's Caberet Intl (Google  Yahoo  Earnings  Chart) 
RNO,Rio Narcea Gold Mines Ltd (Google  Yahoo  Earnings  Chart) 
SMSI,Smith Micro Software Inc (Google  Yahoo  Earnings  Chart) 
SPAR,Spartan Motors Inc (Google  Yahoo  Earnings  Chart) 
TRCR,Transcend Services Inc (Google  Yahoo  Earnings  Chart) 
TTWO,Take-Two Intera Software (Google  Yahoo  Earnings  Chart) 
UCTT,Ultra Clean Holdings (Google  Yahoo  Earnings  Chart) 
URZ,Uranerz Energy Corp (Google  Yahoo  Earnings  Chart) 
USAP,Universal Stain & Alloy (Google  Yahoo  Earnings  Chart) 
WNR,Western Refining Inc (Google  Yahoo  Earnings  Chart)