As expected the market corrected after many days of vertical move. The selling lacked vigor and at the end of day only 61 stocks were down 4% plus in my universe. A genuine down move will have 200 plus downside movers.
So possible move for market is muddled move during the earning season followed by possible up move.
Market Monitor
Total 4% plus bullish breakouts=72
Total 4% plus bearish breakouts= 61
65 day bullish/bearish ratio= 868/274
Stocks up 50% or more in a month=9
Stocks up 25% or more in a month=98
Number of stocks with 100% plus move = 372
Number of stocks up 200% or more = 82
4% plus signals for 100plus universe=11
4% plus signals for 200plus universe=7
Selected stocks up 100% or more with a breakout today are:
ARQL,Arqule Inc (Google Yahoo Earnings Chart)
IIG,Imergent Inc (Google Yahoo Earnings Chart)
IMMU,Immunomedics Inc (Google Yahoo Earnings Chart)
NEXC,Nexcen Brands Inc (Google Yahoo Earnings Chart)
ORCH,Orchid Cellmark Inc (Google Yahoo Earnings Chart)
PRGX,Prg-schultz Intl Inc (Google Yahoo Earnings Chart)
VOLC,Volcano Corp (Google Yahoo Earnings Chart)
Possible long candidates based on 65 days price growth or being in top 20 in terms of overall 260 days growth or recently crossing 100% plus mark is VOLC
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