Market Monitor

May 1, 2007

Profit taking drove the market down. Small caps, which were struggling for sometime, were the leader on downside. Obviously the first negative day will be bought and several such attempt will be required before market turns direction. So this correction will last for few days.


Market Monitor


Total 4% plus bullish breakouts = 72

Total 4% plus bearish breakouts = 225

65 day bullish/bearish ratio = 845/299

Stocks up 50% or more in a month = 10

Stocks up 25% or more in a month = 70

Number of stocks with 100% plus move = 398

Number of stocks up 200% or more = 92

4% plus signals for 100plus universe = 19

4% plus signals for 200plus universe =10



I have added a Google Spreadsheet for this, so the data can be tracked over a period of time easily.

11 comments :

  1. walterMay 1, 2007, 8:18:00 AM

    thanks for the goog spreadsheet add

    ReplyDelete
  2. walterMay 1, 2007, 10:11:00 AM

    Pradeep,

    in your seminal double trouble post, you mention the 3-day low of breakout trio as your stop...

    what is your stop of the episodic pivot trade? did you mention on in there? i looked but couldn't find one.

    thanks

    ReplyDelete
  3. Pradeep BondeMay 1, 2007, 10:12:00 AM

    Same.

    ReplyDelete
  4. walterMay 1, 2007, 10:13:00 AM

    ok - thanks

    ReplyDelete
  5. TorontoTraderMay 1, 2007, 10:29:00 AM

    same for earnings breakout as well ?

    ReplyDelete
  6. Pradeep BondeMay 1, 2007, 10:34:00 AM

    yes.
    Plus on all entries a time stop of 5 days. If a stock does not move above entry signal high in 5 days, then position is closed even if the 3 day low stop is not hit.
    Stocks which work form EP, IBD200, Virgin, or Double Trouble start rallying immediately after breakout. If they cannot go past high in five days, there is better use for the money .

    ReplyDelete
  7. walterMay 1, 2007, 10:35:00 AM

    great

    ReplyDelete
  8. walterMay 1, 2007, 10:57:00 AM

    pradeep, then if we consider RVBD as an example, and its entry signal day high was 34.80 made 4 trading days ago. tomorrow will be the 5th day, right?

    ReplyDelete
  9. Pradeep BondeMay 1, 2007, 10:59:00 AM

    Yes

    ReplyDelete
  10. NonadamasMay 1, 2007, 1:47:00 PM

    What universe of stocks are you using for the Google spreadsheet.

    Thank you for a very good site.

    ReplyDelete
  11. Pradeep BondeMay 1, 2007, 1:52:00 PM

    Thanks.
    The universe is around 7000 stock currently in Worden database. I use the TC2007 database for all my analysis.

    ReplyDelete

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