Market Monitor | stockbee


Market Monitor

  • 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, 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.


Silver said...

I'm curious, what other factors would someone look at to reduce stocks from the 25% list? Are they technical indicators, price/volume action, signals based on moving averages, or stock statistics such as float or earnings growth? Perhaps a combination of all the above tuned to a particular trading style could be successfull.

Pradeep Bonde said...

How about
-the ones with lowest one year growth.
- the ones with lowest price

m said...

Pradeep, In reviewing the 25% list, I was eying JRCC. Can you shed some light on if this would be a stock you would or would not consider and why? Thanks!

Pradeep Bonde said...

Why don't you lay out your reasoning for and against it, then I will answer the same.

m said...

Based on the 25% plus a month list, it has one of lowest one year growth and lowest price. Price is above 50 day moving average. Avg daily volume is up. Coal stocks are on the rise; even though it may have been a better buy a little bit ago it still may go higher. I appreciate the feedback and the learnings. Thanks!

Pradeep Bonde said...

Good analysis. Missing thing float. I would wait for a weakness of atleast 5 days minimum to buy. Strength is good, but too much strength is not good.

m said...

Pradeep, Thanks! I figured that the last 2 breakouts (JRCC) were too high for the buy now. I have learned a lot from your blog and continue to learn more. Do you read P&F charts? Or do you prefer any chart types over the other? I know you have your methods but I did not know where chart analysis came into play? Thanks!