4/02/2007

Market on hold

The market has had a very impressive bounce back in last few weeks. The Stocks up 50% plus in a month is up to 9 in few weeks, the Stocks up 25% or more in a month is at 73 and the 65 day ratios are bumping up.
The earning season will now act as a catalyst for many stocks. Earnings guidance will be closely watched. The analyst future projection is coming down, so any surprises would have the market going in to rally. It has been the feature of this multi year recovery. For several quarters in a row, markets have handily outperformed the expectations.
Stocks up 50% or more in a month is something to watch very carefully. The period when it climbs between 10 to 20 is always the best and least risky period to make money.

Market Monitor
Total 4% plus bullish breakouts=120
Total 4% plus bearish breakouts=53
65 day bullish/bearish ratio= 733/318
Stocks up 50% or more in a month=9
Stocks up 25% or more in a month=73
Number of stocks with 100% plus move =327
Number of stocks up 200% or more = 65
4% plus signals for 100plus universe=23
4% plus signals for 200plus universe=6

There will no more be the 100% plus stock lists everyday, as by now most regular readers know how to find those stocks themselves.

1 comment:

TorontoTrader said...

BAMM earnings play for today.. already up 15 %