Lacking red hot momentum

Market Monitor

Total 4% plus bullish breakouts=111
Total 4% plus bearish breakouts= 48
65 day bullish/bearish ratio= 964/187
Stocks up 50% or more in a month=19
Stocks up 25% or more in a month=154
Number of stocks with 100% plus move = 397
Number of stocks up 200% or more = 89
4% plus signals for 100plus universe=21
4% plus signals for 200plus universe=4

This was the market few days before the major one day dip in February. Notice the 50% plus was at 19 and 25% plus in month was at 154. That was red hot momentum. The 65 day indicator was below 200 indicating possible turn around.
Since then the market has gone up but on individual stocks the momentum has been lukewarm as you can see in below market monitor figures.

Market Monitor

Total 4% plus bullish breakouts=134
Total 4% plus bearish breakouts= 43
65 day bullish/bearish ratio= 920/264
Stocks up 50% or more in a month=8
Stocks up 25% or more in a month=72
Number of stocks with 100% plus move = 378
Number of stocks up 200% or more = 80
4% plus signals for 100plus universe=21
4% plus signals for 200plus universe=7

This lack of momentum is making the moves on individual stocks smaller and few of the 100% plus stocks have really gone up the way they normally do. You get best results for strategy like 100% plus after a market correction of 10 days plus.

Selected stocks breaking out from 100% plus universe:

AIXG,Aixtron Aktiengesellschaft Ads (Google  Yahoo  Earnings  Chart)
AMSC,American Superconductor (Google  Yahoo  Earnings  Chart)
ASTI,Ascent Solar Technologies Inc (Google  Yahoo  Earnings  Chart)
BPA,Biosante Pharmaceuticals (Google  Yahoo  Earnings  Chart)
CVNS,Covansys Corp (Google  Yahoo  Earnings  Chart)
CYTR,Cytrx Corporation (Google  Yahoo  Earnings  Chart)
EMS,Emergency Medical Services L.P. (Google  Yahoo  Earnings  Chart)
FSLR,First Solar Inc (Google  Yahoo  Earnings  Chart)
GMO,Idaho General Mines Inc (Google  Yahoo  Earnings  Chart)
GTI,Graftech Intl Ltd (Google  Yahoo  Earnings  Chart)
INCY,Incyte Corp (Google  Yahoo  Earnings  Chart)
NYNY,Empire Resorts Inc (Google  Yahoo  Earnings  Chart)
ROCM,Rochester Medical Corp (Google  Yahoo  Earnings  Chart)
SLP,Simulations Plus Inc (Google  Yahoo  Earnings  Chart)
TWTI,Third Wave Tech (Google  Yahoo  Earnings  Chart)
TWW,Terremark Worldwide Inc (Google  Yahoo  Earnings  Chart)

Possible long candidates based on 65 days price growth or being in top 20 in terms of overall 260 days growth or recently crossing 100% plus mark.

CVNS,Covansys Corp (Google  Yahoo  Earnings  Chart)
CYTR,Cytrx Corporation (Google  Yahoo  Earnings  Chart)
GTI,Graftech Intl Ltd (Google  Yahoo  Earnings  Chart)
NYNY,Empire Resorts Inc (Google  Yahoo  Earnings  Chart)
TWW,Terremark Worldwide Inc (Google  Yahoo  Earnings  Chart)

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

3 comments:

Unknown said...: You now have 8 stocks up 50% or more in 1 month. Per your earlier observation, if this # gets down to 3 the market is due for a rally. But you seem to feel the market is tired and is due for a decline. Is my understanding correct?; Apr 10, 2007, 10:40:00 PM
Matt said...: I agree market is looking due for a correction, but who's going to sell into the favorable seasonality and IRA contribution week?; Apr 11, 2007, 6:37:00 AM
Pradeep Bonde said...: Yes because the number is stuck at 8 to 10 for long time so on individual stocks the moves are of lesser magnitude. What it means is stocks are breaking out but not going up faster post breakout.
The indicator is not perfect, it just indicates possible reversal zones on long or short side.; Apr 11, 2007, 6:51:00 AM

404

Recent Articles