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,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.
7 comments:
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.
How about
-the ones with lowest one year growth.
- the ones with lowest price
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!
Why don't you lay out your reasoning for and against it, then I will answer the same.
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!
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.
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!
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