Market Monitor | stockbee


Market Monitor

Market is vulnerable to correction. Number of down breakouts have increased and there is sharp deterioration in stocks up 25% or more in month.

Market Monitor

Total 4% plus bullish breakouts = 114

Total 4% plus bearish breakouts = 76

65 day bullish/bearish ratio = 950/245

Stocks up 50% or more in a month = 4

Stocks up 25% or more in a month = 58

Number of stocks with 100% plus move = 421

Number of stocks up 200% or more = 91

4% plus signals for 100plus universe = 26

4% plus signals for 200plus universe = 9

4% plus breakouts on 100% plus universe
DLX,Deluxe Corp (Google  Yahoo  Earnings  Chart
FRPT,Force Protection Inc (Google  Yahoo  Earnings  Chart
HTI,Halozyme Therapeutics Inc (Google  Yahoo  Earnings  Chart
INSW,Insweb Corp (Google  Yahoo  Earnings  Chart
JST,Jinpan Internat Ltd (Google  Yahoo  Earnings  Chart
LBY,Libbey Inc (Google  Yahoo  Earnings  Chart
LJPC,La Jolla Pharmaceutical (Google  Yahoo  Earnings  Chart
OMCL,Omnicell Inc (Google  Yahoo  Earnings  Chart
RGR,Sturm Ruger & Co Inc (Google  Yahoo  Earnings  Chart
SGEN,Seattle Genetic (Google  Yahoo  Earnings  Chart
SPAR,Spartan Motors Inc (Google  Yahoo  Earnings  Chart
SPEC,Spectrum Control Inc (Google  Yahoo  Earnings  Chart
SUF,SulphCo Inc (Google  Yahoo  Earnings  Chart
TBSI,TBS International Limited Class A (Google  Yahoo  Earnings  Chart
TRCR,Transcend Services Inc (Google  Yahoo  Earnings  Chart
TRT,Trio-Tech Internat (Google  Yahoo  Earnings  Chart
TWIN,Twin Disc Inc (Google  Yahoo  Earnings  Chart


mauidiver15 said...

I have been trying to really study the market monitor lately and I wanted to know how to understand the bearish indicators.

I have noted in past posts that when the 65 day bearish drops below 200, it is an indicator of a possible reversal.

Today you said that an increase in 4% plus bearish breakouts indicates a possible reversal.

Are these typical behaviors of the bearish numbers prior to a correction?

How do these numbers behave leading into a new rally?

Thank you very much for your answer.

Pradeep Bonde said...

Context is very important to understanding the concept.
We are at a deteriorating momentum stage where the 50% plus after making a high around 15 has going down. Same way with 25% plus in month. So correction is already happening on stocks which had rallied like some of the solar plays or steel stocks are already in correction mode.
While this is happening no new stocks are aggressively making 50% plus or 25% plus moves to replace those which topped out.
If you put a month worth of data together you will notice this more clearly.
Also when I say correction, I am talking about few weeks of weakness not perma bear variety world is coming to end prognosis.

65Trader said...

About a week ago you mentioned that Dan Zanger liked to use McClellan oscillator to guage market strength. I have been studying this signal and have found it pretty accurate. I was interested to see what would happen as the day began. Your monitor suggested a pullback but the oscillator suggested a move up (to me anyway, since it was below zero). It sure would be nice of one of your readers would go back and make an excel chart of the market monitor readings and overlay it with the S&P. hint hint, readers!

Pradeep Bonde said...

The McClellan Oscillator offers many types of structures for interpretation, but there are two main ones. First, when the Oscillator is positive, it generally portrays money coming into the market; conversely, when it is negative, it reflects money leaving the market. Second, when the Oscillator reaches extreme readings, it can reflect an overbought or oversold condition.

A series of rising troughs would denote strength, while a series of declining peaks weakness.

So currently it is also indicating weakness as it has series of declining peaks.