Rally runs out of steam

Rally runs out of steam

March 28, 2007

The counter trend rally from the panicky bottom seems to have run out of steam. The longevity of the rally was always a question mark because it was happening to quickly after the correction. But the few weeks offered lots of opportunities and number of new stocks like BTJ, DXPE, WFR, JSDA, ROCM, ACAD, CPHD, PRGX, etc. had a quick 25 to 50% move within that time period. There still might be another attempt at bounce , driven by month end and quarter end dynamics.

The next phase of down move is likely to be characterized by steady systematic selling. That kind of steady selling can be enduring. Panics are always of short duration and good opportunities for long.

Long opportunities will still continue to offer better options. Especially the episodic pivot scans will work, even if we go in to a down move. Only thing is greater selectivity will be required. As bulk of my focus is on Episodic Pivots, I have added that scan information to this post and hence forth will shift attention to it rather than 100% plus moves.

Market Monitor
Total 4% plus bullish breakouts=67
Total 4% plus bearish breakouts=61
65 day bullish/bearish ratio= 707/328
Stocks up 50% or more in a month=7
Stocks up 25% or more in a month=51
Number of stocks with 100% plus move =322
Number of stocks up 200% or more = 59
4% plus signals for 100plus universe=16
4% plus signals for 200plus universe=5


Select stocks which had Episodic Pivot moves today. Unusual price and volume move often kick start a long duration rallies. Identifying the catalyst behind such one day move can help determine the likelihood of the move continuing.

Episodic Pivots

ACPW,Active Power Inc (Google  Yahoo  Earnings  Chart) 
ANF,Abercrombie & Fitch Co (Google  Yahoo  Earnings  Chart) 
BDCO,Blue Dolphin Energy Co (Google  Yahoo  Earnings  Chart) 
BLKB,Blackbaud Inc (Google  Yahoo  Earnings  Chart) 
CYCC,Cyclacel Pharmaceuticals Inc (Google  Yahoo  Earnings  Chart) 
CYTK,Cytokinetics (Google  Yahoo  Earnings  Chart) 
DIO,Diomed Holdings Inc (Google  Yahoo  Earnings  Chart) 
DNDN,Dendreon Corporation (Google  Yahoo  Earnings  Chart) 
DVSA,Diversa Corporation (Google  Yahoo  Earnings  Chart) 
FUL,H.b. Fuller Co (Google  Yahoo  Earnings  Chart) 
GHCI,Genesis Healthcare Corp (Google  Yahoo  Earnings  Chart) 
GRZ,Gold Reserve Inc (Google  Yahoo  Earnings  Chart) 
HAYZ,Hayes Lemmerz International Inc (Google  Yahoo  Earnings  Chart) 
HWCC,Houston Wire & Cable Company (Google  Yahoo  Earnings  Chart) 
IDSA,Industrial Svcs Of Amer (Google  Yahoo  Earnings  Chart) 
KRY,Crystallex Internat Corp (Google  Yahoo  Earnings  Chart) 
LMRA,Lumera Corporation (Google  Yahoo  Earnings  Chart) 
LNDC,Landec Corporation (Google  Yahoo  Earnings  Chart) 
NCST,NUCRYST Pharmaceuticals Corp (Google  Yahoo  Earnings  Chart) 
NOIZ,Micronetics Inc (Google  Yahoo  Earnings  Chart) 
NYMX,Nymox Pharmaceutical Corp (Google  Yahoo  Earnings  Chart) 
PVH,Phillips-Van Heusen Corp (Google  Yahoo  Earnings  Chart) 
SYPR,Sypris Solutions Inc (Google  Yahoo  Earnings  Chart) 
TECUA,Tecumseh Products Cl A (Google  Yahoo  Earnings  Chart) 
VYYO,Vyyo Incorporated (Google  Yahoo  Earnings  Chart) 


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".
BPA,Biosante Pharmaceuticals (Google  Yahoo  Earnings  Chart) 
BRLC,Syntax-Brillian Corp (Google  Yahoo  Earnings  Chart) 
CDY,Cardero Resource Corp (Google  Yahoo  Earnings  Chart) 
CNST,Constar Internatl (Google  Yahoo  Earnings  Chart) 
CTCH,Commtouch Software Ltd (Google  Yahoo  Earnings  Chart) 
CYNO,Cynosure Inc (Google  Yahoo  Earnings  Chart) 
GMO,Idaho General Mines Inc (Google  Yahoo  Earnings  Chart) 
GOT,Gottschalks Inc (Google  Yahoo  Earnings  Chart) 
HAYZ,Hayes Lemmerz International Inc (Google  Yahoo  Earnings  Chart) 
HOKU,Hoku Scientific Inc (Google  Yahoo  Earnings  Chart) 
MFW,M&F Worldwide Corp (Google  Yahoo  Earnings  Chart) 
NTY,Nbty Inc (Google  Yahoo  Earnings  Chart) 
NXST,Nexstar Broadcasting Group (Google  Yahoo  Earnings  Chart) 
NYMX,Nymox Pharmaceutical Corp (Google  Yahoo  Earnings  Chart) 
SPTN,Spartan Stores Inc (Google  Yahoo  Earnings  Chart) 
VYYO,Vyyo Incorporated (Google  Yahoo  Earnings  Chart)