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.
5 comments:
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?
i.e. Crox see
Cramer said the shorts haven't covered and that could run up.
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
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.
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
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