Strength and weakness
Stocks up 50% or more in a month
AMZN,Amazon.Com Inc (Google Yahoo Earnings Chart)
DJ,Dow Jones & Co Inc (Google Yahoo Earnings Chart)
IDSA,Industrial Svcs Of Amer (Google Yahoo Earnings Chart)
MEDI,Medimmune Inc (Google Yahoo Earnings Chart)
NGA,N Amer Galvanizing & Coatings (Google Yahoo Earnings Chart)
RCCC,Rural Cellular Corp (Google Yahoo Earnings Chart)
SPAN,Span-Amer Medical Systs (Google Yahoo Earnings Chart)
TO,Tech-Ops Sevcon Inc (Google Yahoo Earnings Chart)
Stocks up 25% or more in a month
ADES,Ada-es Inc (Google Yahoo Earnings Chart)
AIMC,Altra Industrial Motion Inc. (Google Yahoo Earnings Chart)
AKS,Ak Steel Holding Corp (Google Yahoo Earnings Chart)
ALGN,Align Tech Inc (Google Yahoo Earnings Chart)
AMZN,Amazon.Com Inc (Google Yahoo Earnings Chart)
ARNA,Arena Pharmaceuticals (Google Yahoo Earnings Chart)
BIDU,Baidu.com Inc (Google Yahoo Earnings Chart)
BTUI,Btu International Inc (Google Yahoo Earnings Chart)
BXXX,Brooke Corp (Google Yahoo Earnings Chart)
CBUK,Cutter & Buck Inc (Google Yahoo Earnings Chart)
CMTY,Community Banks Mlrbg Pa (Google Yahoo Earnings Chart)
CNS,Cohen & Steers Inc (Google Yahoo Earnings Chart)
CPX,Complete Production Services Inc (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)
CVNS,Covansys Corp (Google Yahoo Earnings Chart)
DJ,Dow Jones & Co Inc (Google Yahoo Earnings Chart)
DRYS,Dryships (Google Yahoo Earnings Chart)
FCPO,Factory Card & Party Outlet (Google Yahoo Earnings Chart)
FCSX,FCStone Group` Inc. (Google Yahoo Earnings Chart)
FMT,Fremont General Corp (Google Yahoo Earnings Chart)
FTK,Flotek Industries Inc (Google Yahoo Earnings Chart)
GCOM,Globecomm Systems Inc (Google Yahoo Earnings Chart)
GEL,Genesis Energy (L.P.) (Google Yahoo Earnings Chart)
GLUU,Glu Mobile Inc (Google Yahoo Earnings Chart)
GTI,Graftech Intl Ltd (Google Yahoo Earnings Chart)
HAN,Hanson P (Google Yahoo Earnings Chart)
HHGP,Hudson Highland Grp Inc W/i (Google Yahoo Earnings Chart)
HLYS,Heelys Inc (Google Yahoo Earnings Chart)
IDMI,IDM Pharma Inc (Google Yahoo Earnings Chart)
IDSA,Industrial Svcs Of Amer (Google Yahoo Earnings Chart)
IGLD,Internet Gold-Golden (Google Yahoo Earnings Chart)
ISE,International Securities Excha (Google Yahoo Earnings Chart)
JASO,Ja Solar Hldgs Co Ads (Google Yahoo Earnings Chart)
KRSL,Kreisler Manufacturing (Google Yahoo Earnings Chart)
LBY,Libbey 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)
MEA,Metalico Inc (Google Yahoo Earnings Chart)
MEDI,Medimmune Inc (Google Yahoo Earnings Chart)
MOBI,Mobius Management Systms (Google Yahoo Earnings Chart)
MTOX,Medtox Scientific (Google Yahoo Earnings Chart)
NFI,Novastar Financial Inc (Google Yahoo Earnings Chart)
NGA,N Amer Galvanizing & Coatings (Google Yahoo Earnings Chart)
NPTH,Enpath Medical Inc (Google Yahoo Earnings Chart)
NXST,Nexstar Broadcasting Group (Google Yahoo Earnings Chart)
NYMX,Nymox Pharmaceutical Corp (Google Yahoo Earnings Chart)
OMG,Om Group Inc (Google Yahoo Earnings Chart)
ONAV,Omega Navigation Enterprises Inc Class A (Google Yahoo Earnings Chart)
PDGI,Pharmanet Dev Group Inc (Google Yahoo Earnings Chart)
PTEC,Phoenix Technologies Ltd (Google Yahoo Earnings Chart)
PTEK,PokerTek Inc (Google Yahoo Earnings Chart)
RCCC,Rural Cellular Corp (Google Yahoo Earnings Chart)
RTRSY,Reuters Group Plc Adr (Google Yahoo Earnings Chart)
SCHN,Schnitzer Steel Indust (Google Yahoo Earnings Chart)
SGP,Schering-Plough Corp (Google Yahoo Earnings Chart)
SLM,Slm Corp (Google Yahoo Earnings Chart)
SMDI,Sirenza Microdevices (Google Yahoo Earnings Chart)
SNCR,Synchronoss Technologies Inc (Google Yahoo Earnings Chart)
SOMX,Somaxon Pharmaceuticals Inc (Google Yahoo Earnings Chart)
SPAN,Span-Amer Medical Systs (Google Yahoo Earnings Chart)
STGN,Stratagene Corp (Google Yahoo Earnings Chart)
TBSI,TBS International Limited Class A (Google Yahoo Earnings Chart)
TFSM,24/7 Real Media Inc (Google Yahoo Earnings Chart)
TO,Tech-Ops Sevcon Inc (Google Yahoo Earnings Chart)
TRBR,Trailer Bridge Inc (Google Yahoo Earnings Chart)
TRCR,Transcend Services Inc (Google Yahoo Earnings Chart)
TTES,T-3 Energy Services Inc (Google Yahoo Earnings Chart)
TWIN,Twin Disc Inc (Google Yahoo Earnings Chart)
ULTR,Ultrapetrol Ltd (Google Yahoo Earnings Chart)
VSEC,Vse Corp (Google Yahoo Earnings Chart)
WGOV,Woodward Governor Co (Google Yahoo Earnings Chart)
WHR,Whirlpool Corp (Google Yahoo Earnings Chart)
WVCM,Wavecom Sa Adr (Google Yahoo Earnings Chart)
XNPT,XenoPort Inc (Google Yahoo Earnings Chart)
After 10 months of rally, if you calculate it from July, only 400 stocks are up 100% plus. This figure is around 1000 by 7 th or 8 th month of a typical rally. Every time the figure has crossed 400 in last 8-9 months, there has been correction.
If you look at stocks down 4% or more in a day, you will notice number of stocks are breaking down. This trend has accelerated in last few days and weeks. The market is not making any substantial headway.
6 comments:
Hi Pradeep,
why do you compute the beginning of last rally last summer, instead of beginning of March?. On Februry there was a correction.
Semsons
More realistically, in February there was one day dip. The figures just show you that very narrow set of stocks have been leading the advance.
That was true of rally from July onwards also.
what's the effect of this on a stock?:
Riverbed Technology, Inc. (RVBD) Chairman, President, and CEO to Ring the NASDAQ Stock Market Opening Bell
Friday May 4, 6:00 pm ET
No effect. They invite anyone to ring the bell.
Everyone is looking for a correction but small caps have been correcting for two or three weeks now. I see consolidation at this point for a few weeks as markets digest gains and build steam for a summer rally. I may be wrong but don't think we will see a huge sell-off any time soon. Small caps and thinly traded stocks are still targets for bears so one must be carefull of whipsaw moves meant to shake out weak hands. JMHO
I think there is a bit of semantic confusion, in my book, correction is healthy and it is a 1 to 3-4 weeks phenomenon. I am not talking about perma bears kind of world is coming to end scnerio, when I say correction is possibility.
Second on your point about small caps in correction, yes that is what is happening. The important reason for it is, that earnings trends on small caps are not as spectacular as large and mid cap till now in earning season. So they are not going to start rallying just like that, ultimately you need earnings fuel to rally. More so in small caps.
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