Market in holiday mood

Volume will be probably very low tomorrow as market participants are in holiday mood.
The market continues to be range bound and will continue so till the earnings trends become apparent.

Market Monitor
Total 4% plus bullish breakouts=122
Total 4% plus bearish breakouts=40
65 day bullish/bearish ratio= 840/305
Stocks up 50% or more in a month=8
Stocks up 25% or more in a month=88
Number of stocks with 100% plus move =365
Number of stocks up 200% or more = 75
4% plus signals for 100plus universe=34
4% plus signals for 200plus universe=13

As per your requests the 100% plus breakout list for today.

ALAN,Alanco Technologies (Google  Yahoo  Earnings  Chart)
ANO,Anooraq Resources Corp (Google  Yahoo  Earnings  Chart)
ASTI,Ascent Solar Technologies Inc (Google  Yahoo  Earnings  Chart)
BIOV,Bioveris Corp (Google  Yahoo  Earnings  Chart)
BLTI,Biolase Technology Inc (Google  Yahoo  Earnings  Chart)
CROX,Crocs Inc (Google  Yahoo  Earnings  Chart)
CTCH,Commtouch Software Ltd (Google  Yahoo  Earnings  Chart)
CYTR,Cytrx Corporation (Google  Yahoo  Earnings  Chart)
DRYS,Dryships (Google  Yahoo  Earnings  Chart)
DSTI,Daystar Technologies Inc (Google  Yahoo  Earnings  Chart)
DXPE,Dxp Enterprises Inc (Google  Yahoo  Earnings  Chart)
EGI,Entree Gold Inc (Google  Yahoo  Earnings  Chart)
ENA,Enova Systems Inc (Google  Yahoo  Earnings  Chart)
FXEN,Fx Energy Inc (Google  Yahoo  Earnings  Chart)
GMO,Idaho General Mines Inc (Google  Yahoo  Earnings  Chart)
GNVC,Genvec Inc (Google  Yahoo  Earnings  Chart)
HOKU,Hoku Scientific Inc (Google  Yahoo  Earnings  Chart)
IDMI,IDM Pharma Inc (Google  Yahoo  Earnings  Chart)
MCF,Contango Oil & Gas (Google  Yahoo  Earnings  Chart)
MDII,Midi Inc (Google  Yahoo  Earnings  Chart)
NEXC,Nexcen Brands Inc (Google  Yahoo  Earnings  Chart)
RBN,Robbins & Myers Inc (Google  Yahoo  Earnings  Chart)
RDNT,RadNet Inc. (Google  Yahoo  Earnings  Chart)
RNO,Rio Narcea Gold Mines Ltd (Google  Yahoo  Earnings  Chart)
SIGA,Siga Pharmaceuticals Inc (Google  Yahoo  Earnings  Chart)
SILC,Silicom Ltd (Google  Yahoo  Earnings  Chart)
SPWR,SunPower Corp (Google  Yahoo  Earnings  Chart)
SYNL,Synalloy Corp (Google  Yahoo  Earnings  Chart)
TNH,Terra Nitrogen Co L.P. (Google  Yahoo  Earnings  Chart)
TRCR,Transcend Services Inc (Google  Yahoo  Earnings  Chart)
TTG,Tutogen Medical Inc (Google  Yahoo  Earnings  Chart)
URZ,Uranerz Energy Corp (Google  Yahoo  Earnings  Chart)
VHI,Valhi Inc (Google  Yahoo  Earnings  Chart)
YBTVA,Young Broadcasting Cl A (Google  Yahoo  Earnings  Chart)

Two trades I am going to take out of these are CROX and RDNT. RDNT because it is up 684% from low. It is at number 4 in the entire 365 stock 100% plus universe. I always try and take breakouts in top 10. The philosophy being the market knows something to drive these stocks higher. CROX because ranked by 65 days growth, it is lowest in list. It is up 127% for the year. As always my stops are at 2 days low. That means low of Monday, April 2007.

Other than that I have positions in SPEC, NVR, USHS, and MAMA from the todays Episodic Pivot list. The trade I am taking from IBD list is PRFT.

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5 comments:

skyricho said...: Pradeep
Media favorites like Cramer et all appear to have masses of followers blindly prepared to take a position based on a throw away comment. What do you do when a position you want to take coincides with the likes of one of these guys?; Apr 4, 2007, 10:27:00 PM
skyricho said...: i.e. Crox see
Cramer said the shorts haven't covered and that could run up.; Apr 4, 2007, 10:29:00 PM
Art said...: Thank you for bringing back the 100% list and reasoning for a few of your picks. Like others, I believe I learn from studying your reasonings.

My last question of the day is something I read earlier from one of your tutorials about earning breakouts, and their following flags.

Is there a site that will inform us when earnings dates are announced (as you spoke of earlier)so that one could watch them the following day and on?

Thanks once again; Apr 4, 2007, 11:20:00 PM
Pradeep Bonde said...: Sky
I don't listen to CNBC, I do not subscribe to any of the services like street.com, briefings, or several other things.
The only business related publications I read are Investors Business Daily and The Economist.
If something comes on my scan and fits my risk management I buy. In Episodic Pivot list where I research a lot, I skip trades where Crammer is the only catalyst for major move.
Once in a while I take contrary trades based on sheer amount of noise about an issue by popular pundits. That is almost like free money.; Apr 5, 2007, 4:40:00 AM
Pradeep Bonde said...: Art
Investors Business Daily has everyday a page on Earnings Releases.
Besides that the WSJ in their Data Center has earnings page.
http://online.wsj.com/mdc/public/page/2_3024-digest_earnings.html; Apr 5, 2007, 4:43:00 AM

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