Market Monitor | stockbee


Market Monitor

Stocks scored gains Thursday, though indexes witnessed late fade and volume was low. Individual stocks continue to show momentum and earnings lead breakout. The technical analysts, perma bears and conspiracy theorists were quick to jump on the correction and convince this one is for real. The market has acted contrary to that.

Current conventional wisdom being that this is just a weak bounce and will fail. The market does not seem to be following that script. With fickle short providing the fuel, a few more days of positive action or a major push by the big speculators will send the bears scurrying. The risk of upside move currently is higher, because everyone is looking for down move. The cash on sideline can help a lot if rally gets going. So watch out for a possible surprise.

It never hurts to keep your buy list ready.

Market Monitor
Total 4% plus bullish breakouts=135
Total 4% plus bearish breakouts=35
65 day bullish/bearish ratio= 597/354
Stocks up 50% or more in a month=8
Stocks up 25% or more in a month=51
Number of stocks with 100% plus move =295
Number of stocks up 200% or more = 59
4% plus signals for 100plus universe=24
4% plus signals for 200plus universe=10

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.

BDC,Belden Inc (Google  Yahoo  Earnings  Chart
BONT,Bon-Ton Stores Inc (Google  Yahoo  Earnings  Chart
BTJ,Bolt Technology Corp (Google  Yahoo  Earnings  Chart
CBLI,Cleveland BioLabs Inc (Google  Yahoo  Earnings  Chart
DRYS,Dryships (Google  Yahoo  Earnings  Chart
FSLR,First Solar Inc (Google  Yahoo  Earnings  Chart
HAXS,Healthaxis Inc (Google  Yahoo  Earnings  Chart
HLIT,Harmonic Inc (Google  Yahoo  Earnings  Chart
JADE,Lj Internat Inc (Google  Yahoo  Earnings  Chart
MAG,Magnetek Inc (Google  Yahoo  Earnings  Chart
MDV,Medivation Inc (Google  Yahoo  Earnings  Chart
MSI,Movie Star Inc (Google  Yahoo  Earnings  Chart
NEXM,Nexmed Inc (Google  Yahoo  Earnings  Chart
OMNI,Omni Energy Services Cp (Google  Yahoo  Earnings  Chart
PRXI,Premier Exhibitions Inc (Google  Yahoo  Earnings  Chart
PSMT,Pricesmart Inc (Google  Yahoo  Earnings  Chart
PSPT,Peoplesupport Inc (Google  Yahoo  Earnings  Chart
PTT,Vcg Holding Copr (Google  Yahoo  Earnings  Chart
SGEN,Seattle Genetic (Google  Yahoo  Earnings  Chart
SIGA,Siga Pharmaceuticals Inc (Google  Yahoo  Earnings  Chart
TNH,Terra Nitrogen Co L.P. (Google  Yahoo  Earnings  Chart
VII,Vicon Industries Inc (Google  Yahoo  Earnings  Chart
XIDE,Exide Tech (Google  Yahoo  Earnings  Chart
ZIXI,Zix Corporation (Google  Yahoo  Earnings  Chart


John Trimble said...

Hello..just stumbled on your site. The picks look quite strong.
Question for you.
1.What is your entry criteria on my of these stocks?
2. What is your exit criteria?
Most of them look quite overextended. And from my experience with stocks such stocks are prone to correcting ready for the next move. Do you just buy them and with a stop in place stop or wait for the next pullback, before entry?
Will appreciate your comments..

Pradeep Bonde said...

1)I do not buy all stocks in this list. My entry criteria is stock out of this list which had lowest 65 day price growth plus it is within 15% of the high during the 100% plus move.
Once I am fully invested, I will buy next stock out of the list only when I get stopped out on existing position.
2)Exit is using a trailing stop.

My experience of overextended stocks is , some of them become even more overextended. That is how a stock goes up 1600% or 2000% in a year.
I do not buy pullback. The stocks in this list seldom have buyable pullbacks.
Look at a stock like PTT which is up 900% from the 260 day low.The pullbacks are visible in retrospect but the best entries were on 4% plus price brak.

Amit said...

I have been in and out of PTT and am currently long. Whats a good way to decide exit on the plus side? Would volume/momentum be the key criteria once you have decided to enter a stock?

Pradeep Bonde said...

Use trailing stops.