Market Monitor

Market Monitor

May 18, 2007

• It is a stalemate. Neither the bulls nor the bears have upper hand.
• The number of bullish and bearish breakouts put together was around 140 . Indicating no major buying or selling.
• Such low numbers are invariably followed by break in either direction. Lack of urgent selling indicates probably the break will be to upside. Typically market makes several attempts at breakouts before the breakout fails. That is why tops are a process. At this stage my working hypothesis is this is just garden variety correction. There is a strong probability that next leg will be up leg.
  
• Individual stock continue to show mixed action and it is now truly a stock pickers market.
  
• Number of stocks with good fundamentals continue to find buy interest . As against this in a top there is complete dry up of bids. So looks like the muddled action will continue for some time till a more clearly defined earnings trend for next quarter becomes clear.
• One of the things I study on weekly basis is the list of stocks making 50% plus move in a month and list of stocks making 25% plus move. The 25% plus list is very good place to quickly spot new emerging stocks likely to make big moves. My studies show stock which make big moves start out their moves with big moves. The other thing you can use the list for is to spot emerging industry or sector trends.
  
• Every week on Friday I will publish this list so you can study it over the weekend.
• Coming later " What I learned from a $799 book" ..........
  

Stocks up 50% plus in a month
Corrected list.
ATRO,Astronics Corp (Google  Yahoo  Earnings  Chart) 
BPHX,Bluephoenix Solutions Ltd (Google  Yahoo  Earnings  Chart) 
CPY,Cpi Corp (Google  Yahoo  Earnings  Chart) 
ENG,Englobal Corp (Google  Yahoo  Earnings  Chart) 
GTI,Graftech Intl Ltd (Google  Yahoo  Earnings  Chart) 
IDSA,Industrial Svcs Of Amer (Google  Yahoo  Earnings  Chart) 
NGA,N Amer Galvanizing & Coatings (Google  Yahoo  Earnings  Chart) 
SIF,Sifco Industries Inc (Google  Yahoo  Earnings  Chart) 
TBSI,TBS International Limited Class A (Google  Yahoo  Earnings  Chart) 
TECUA,Tecumseh Products Cl A (Google  Yahoo  Earnings  Chart) 
TRCR,Transcend Services Inc (Google  Yahoo  Earnings  Chart) 


Stocks up 25% or more in a month

Keep an eye on stocks which have just started out their rallies in this list. Several of these stocks will have more upside in near future.
ACXM,Acxiom Corp (Google  Yahoo  Earnings  Chart) 
ADPI,American Dental Partners (Google  Yahoo  Earnings  Chart) 
AIRM,Air Methods Corp (Google  Yahoo  Earnings  Chart) 
AL,Alcan Inc. (Google  Yahoo  Earnings  Chart) 
ALGN,Align Tech Inc (Google  Yahoo  Earnings  Chart) 
AMAC,American Medical Alert (Google  Yahoo  Earnings  Chart) 
AMRI,Albany Molecular Rsrch (Google  Yahoo  Earnings  Chart) 
AMZN,Amazon.Com Inc (Google  Yahoo  Earnings  Chart) 
APFC,American Pacific Corp (Google  Yahoo  Earnings  Chart) 
ARII,American Railroad Industries Inc (Google  Yahoo  Earnings  Chart) 
ARWR,Arrowhead Research Corp (Google  Yahoo  Earnings  Chart) 
ATRO,Astronics Corp (Google  Yahoo  Earnings  Chart) 
B,Barnes Group Inc (Google  Yahoo  Earnings  Chart) 
BBBB,Blackboard (Google  Yahoo  Earnings  Chart) 
BIDU,Baidu.com Inc (Google  Yahoo  Earnings  Chart) 
BKR,Michael Baker Corp (Google  Yahoo  Earnings  Chart) 
BPHX,Bluephoenix Solutions Ltd (Google  Yahoo  Earnings  Chart) 
CEA,China Eastern Airlines (Google  Yahoo  Earnings  Chart) 
CMTY,Community Banks Mlrbg Pa (Google  Yahoo  Earnings  Chart) 
CPL,Cpfl Energia Sa (Google  Yahoo  Earnings  Chart) 
CPY,Cpi Corp (Google  Yahoo  Earnings  Chart) 
CRNT,Ceragon Networks Ltd (Google  Yahoo  Earnings  Chart) 
CROX,Crocs Inc (Google  Yahoo  Earnings  Chart) 
CRY,Cryolife Inc (Google  Yahoo  Earnings  Chart) 
CTB,Cooper Tire & Rubber Co (Google  Yahoo  Earnings  Chart) 
CTIB,Cti Industries Corp (Google  Yahoo  Earnings  Chart) 
CVNS,Covansys Corp (Google  Yahoo  Earnings  Chart) 
CVTX,Cv Therapeutics Inc (Google  Yahoo  Earnings  Chart) 
DJ,Dow Jones & Co Inc (Google  Yahoo  Earnings  Chart) 
DRYS,Dryships (Google  Yahoo  Earnings  Chart) 
DYS,Distribucion Y Serv D&S (Google  Yahoo  Earnings  Chart) 
ENG,Englobal Corp (Google  Yahoo  Earnings  Chart) 
ESI,Itt Educational Services (Google  Yahoo  Earnings  Chart) 
EXM,Excel Maritime Carriers (Google  Yahoo  Earnings  Chart) 
FCPO,Factory Card & Party Outlet (Google  Yahoo  Earnings  Chart) 
FRPT,Force Protection Inc (Google  Yahoo  Earnings  Chart) 
FTK,Flotek Industries Inc (Google  Yahoo  Earnings  Chart) 
FWLT,Foster Wheeler Ltd (Google  Yahoo  Earnings  Chart) 
GEL,Genesis Energy (L.P.) (Google  Yahoo  Earnings  Chart) 
GERN,Geron Corporation (Google  Yahoo  Earnings  Chart) 
GNA,Gerdau Ameristeel (Google  Yahoo  Earnings  Chart) 
GSH,Guangshen Railway Co (Google  Yahoo  Earnings  Chart) 
GTI,Graftech Intl Ltd (Google  Yahoo  Earnings  Chart) 
HAN,Hanson P (Google  Yahoo  Earnings  Chart) 
HDNG,Hardinge Inc (Google  Yahoo  Earnings  Chart) 
HHGP,Hudson Highland Grp Inc W/i (Google  Yahoo  Earnings  Chart) 
HOS,Hornbeck Offshore Services Inc (Google  Yahoo  Earnings  Chart) 
ICOP,ICOP Digital Inc (Google  Yahoo  Earnings  Chart) 
IDSA,Industrial Svcs Of Amer (Google  Yahoo  Earnings  Chart) 
IPAR,Inter Parfums Inc (Google  Yahoo  Earnings  Chart) 
IPII,Imperial Industries Inc (Google  Yahoo  Earnings  Chart) 
ISE,International Securities Excha (Google  Yahoo  Earnings  Chart) 
JRCC,James River Coal Company (Google  Yahoo  Earnings  Chart) 
KMGB,Kmg Chemicals Inc. (Google  Yahoo  Earnings  Chart) 
KTII,K-Tron Internat Inc (Google  Yahoo  Earnings  Chart) 
LPHI,Life Partners Inc (Google  Yahoo  Earnings  Chart) 
MAFB,Maf Bancorp Inc (Google  Yahoo  Earnings  Chart) 
MBLX,Metabolix Inc (Google  Yahoo  Earnings  Chart) 
MCF,Contango Oil & Gas (Google  Yahoo  Earnings  Chart) 
MDR,Mcdermott Internat Inc (Google  Yahoo  Earnings  Chart) 
MLNX,Mallanoc Technologies Ltd Ord (Google  Yahoo  Earnings  Chart) 
MPWR,Monolithic Power Systems (Google  Yahoo  Earnings  Chart) 
MRGE,Merge Technologies Inc (Google  Yahoo  Earnings  Chart) 
MTOX,Medtox Scientific (Google  Yahoo  Earnings  Chart) 
NGA,N Amer Galvanizing & Coatings (Google  Yahoo  Earnings  Chart) 
NPTH,Enpath Medical Inc (Google  Yahoo  Earnings  Chart) 
NTL,Nortel Invesora Sa Ads (Google  Yahoo  Earnings  Chart) 
NVTL,Novatel Wireless Inc (Google  Yahoo  Earnings  Chart) 
OCAS,Ohio Casualty Corp (Google  Yahoo  Earnings  Chart) 
OMPI,Obagi Medical Products Inc (Google  Yahoo  Earnings  Chart) 
PAL,North American Palladium (Google  Yahoo  Earnings  Chart) 
PCS,Metropcs Communications Inc (Google  Yahoo  Earnings  Chart) 
PMFG,Peerless Manufacturing (Google  Yahoo  Earnings  Chart) 
RCKY,Rocky Brands Inc (Google  Yahoo  Earnings  Chart) 
RIV,Riviera Holdings Corp (Google  Yahoo  Earnings  Chart) 
RTIX,Regeneration Technologis (Google  Yahoo  Earnings  Chart) 
RTRSY,Reuters Group Plc Adr (Google  Yahoo  Earnings  Chart) 
RVBD,Riverbed Technologies Inc (Google  Yahoo  Earnings  Chart) 
SIF,Sifco Industries Inc (Google  Yahoo  Earnings  Chart) 
SIL,Apex Silver Mines Ltd (Google  Yahoo  Earnings  Chart) 
SNHY,Sun Hydraulics Corp (Google  Yahoo  Earnings  Chart) 
SPAN,Span-Amer Medical Systs (Google  Yahoo  Earnings  Chart) 
SPAR,Spartan Motors Inc (Google  Yahoo  Earnings  Chart) 
TBSI,TBS International Limited Class A (Google  Yahoo  Earnings  Chart) 
TECUA,Tecumseh Products Cl A (Google  Yahoo  Earnings  Chart) 
TFSM,24/7 Real Media Inc (Google  Yahoo  Earnings  Chart) 
TNH,Terra Nitrogen Co L.P. (Google  Yahoo  Earnings  Chart) 
TRCR,Transcend Services Inc (Google  Yahoo  Earnings  Chart) 
TWIN,Twin Disc Inc (Google  Yahoo  Earnings  Chart) 
UG,United Guardian Inc (Google  Yahoo  Earnings  Chart) 
VAS,Viasys Healthcare Inc (Google  Yahoo  Earnings  Chart) 
VSCN,Visual Sciences Inc (Google  Yahoo  Earnings  Chart) 
WGOV,Woodward Governor Co (Google  Yahoo  Earnings  Chart) 
WHQ,W-h Energy Services Inc (Google  Yahoo  Earnings  Chart) 
WHR,Whirlpool Corp (Google  Yahoo  Earnings  Chart) 
WINN,Winn-Dixie Stores Inc (Google  Yahoo  Earnings  Chart) 
WVCM,Wavecom Sa Adr (Google  Yahoo  Earnings  Chart) 
XNPT,XenoPort Inc (Google  Yahoo  Earnings  Chart) 


A ongoing study of stocks in these two list can provide a valuable lesson in behavior of stocks that make big moves in compressed time frame. There are couple of readers who have developed a short term trading system based on trading a basket of stocks from the 25% plus list and found very good success with it.