Adopted from the Members Only site
One of the key challenge in trading a method like Episodic Pivots(EP) is, you have to base your decision on a very limited information. Plus you need to make that decision fast. Given 5 days, you can research every single thing about stock and make a decision. The problem is by that time the opportunity for low risk entry is gone.
Having access to lots of information is also not much of use unless you can form a judgment from it. If information access was everything,those with Bloomberg terminal would have minted money, but that is not the case.
Lets look at two recent stocks which were in IBD New America section last week.The articles explained the reason and factors behind the stocks recent earnings trend and future prospect.
Now both these stocks had Episodic Pivots in July/August time frames, much before these articles appeared , where they were good buys. But there was little information readily available to take the decision at that time for average investor. After reading the two articles on ANW and JRJC you know why it went up, but that information is not much of use now.
As an individual investor you are constrained by lack of resources and yet you must form a judgment based on limited information. That is the essential skill to build if you want to make lots of money in the long term. While it is difficult at first, more you do it, the better you get at it. Plus bulk of the data to make such decision is readily available on various free and paid sites. Translating the data to information and making decision is the difficult task.
The key to do this is to practice and look at all winners and see what made them winners.In second part we will look at what information helps in making the quick decision and how to develop judgment and sequential steps to follow to arrive at which EP candidate to pick and which to reject quickly. That is the key to trading the highly profitable Episodic Pivots strategy where if you get it right per trade profit can be very high, plus these stocks make these move in a very short time frames, as all of you have seen in recent weeks.
Next week on members site: Decision making with limited information Part2
9/29/2007
9/28/2007
Caution Time
- The Market Monitor is signaling a correction/pullback in next 1-5 days time frame.
- Broadening of the rally continues with over 223 stocks in breakout scan vastly outnumbering the down movers. Stocks up 25% or more has surpassed 1000 and is steadily improving since the green signal.
- If you are following any of the momentum based system or any of the methods mentioned here, your problem in last few weeks is not lack of opportunities but too many opportunities. With so many stocks going up 25% or more in such a short period of time, it has been extremely profitable few weeks.
- The Chinese party is cooling down, now that the grandmas in Timbuktu's have started noticing them. But fresh set of China stocks still offered good opportunities.
- Because the rally continues to broaden, there are still fresh set of breakout which are starting out their rallies and are in buy zones.
- If you have sound and well set methodology, you should be enjoying this market. Those who keep complaining frankly have no set method or their method are not aligned to market opportunities.
9/27/2007
Fresh wave of buying
- When investors are in buying mood, negative news does not deter them. 2 days of mild pause was aggressively followed by fresh wave of buying.
- Market Monitor clearly indicates broadening of rally. Within a span of 2 weeks the stock up 25% or more in a month has zoomed from 80 to 215. Stock up 25% or more in a quarter have almost doubled.
- This has been one of the best trading periods in last couple of months. In last 7 days since Market Monitor turned green , stocks are just flying. So you know what to do next time when Market Monitor turns green. Buying breakouts post the signal has been extremely profitable for Episodic Pivot, IBD200, Double Trouble and Virgin strategy.
- One of the theme which has been highly profitable is China. There is abundance of stocks from China which have gone up 25% plus in few weeks in the stocks up 25% plus in few weeks. Almost all of them were signaled by the EP method. Now we are in late stage of this game . Many Chinese stocks are now reversing. Some are just one day wonder where they don't follow through.
- A period of red hot momentum is followed by digestion phase. Market Monitor is indicating we are entering such phase now. Such high momentum phases lead to reversal in small (next 1-5 days time frame). These are part of regular corrections in market.The primary trend is still up but minor corrections possibility high.
- For high momentum traders what it indicates need to protect open profit aggressively. New breakouts may not fly as easily as they were in early phase. Most important is protecting profit, momentum stocks correct more than market because they are high beta. It is no fun building your account up 25% plus in few weeks and then giving up bulk of that profit in few days. That is where Market Monitor helps.
9/26/2007
Opinion on Stock and Following Methodology
Hey stockbee! I need your advice desperately. I bought cpsl yesterday right before close and this morning I got scared out on 2% loss, then after I sold it it went up to almost $11 dollars. How was supposed to know that it was going to continue going up instead of going down? If you could please give me a thorough analysis of your outlook on it..thanks so much
This is typical of the 30 to 40 emails I get daily on an ongoing basis. People want an opinion on stock. The questions start with what do you think of Gold stocks at this level, or what do you think of BIDU or do you think ISRG will run from here and so on.
Individual stock analysis in absence of methodology is a random guessing game. If you have a well thought out methodology, you just follow the stock that pass through that methodology. In any systemic approach or method like Episodic Pivots or IBD 200, or Double Trouble or other methods , the bulk of the thinking has been done beforehand. If the underlying logic behind the system is sound and tested, you don't have to think about individual stocks. Designing and making a method work is the real challenge in trading. If you have well thought out method and follow it regularly, profit is an outcome.
Later: Trading and window washing
Frenzied buying cools down
- Indices are forming what technical analyst call bull flag.
- A narrower set of stocks are leading the action as per Market Monitor.
- A pocket of momentum stocks are dominating the action. Large cap technology has been performing well. Medical technology stocks have recently started breaking out and possibly provide future leadership. While transport is in downtrend, shipping has been doing very well.
- The star sector so far is China. There is a frenzied buying in these names and now stocks even remotely connected to China are having 10% plus move in a day. Many of these stocks which have run up 100% plus in few weeks are now vulnerable and some already are reversing.
- For the rally to continue once this pocket of momentum slows down, what next. Which group will take on leadership is the question. New leadership has been emerging a bit slower and that is a concern area.
- Other concern area as per Market Monitor is for two days in row buying and selling pressure was matched.
- Quarter end dynamics should kick in soon and some of it is already visible with a rush to dump under performers and frenzied buying in some large cap tech names.
- There are trouble spots and signs of trouble but as of now bulls are in control and it has been extremely good time for trading . All the methods I trade have been producing some very big winners.
9/25/2007
Profit taking hits the market
- The buying frenzy which started with rate cut cooled a bit yesterday. Short term players were actively booking profits in many high momentum names.
- The ratio of 131/100 breakout reflects that. While the indices have formed a consolidation area here, buying and slow broadening of rally continues.
- While this profit taking and reversal hit some stock, a fresh set of stocks like CROX, GRMN, CHNR, ICE, etc had fresh breakout. So there are more stocks joining the action. In a healthy rally such relay race continues with fresh stocks breaking out all the time.
- All this action has been happening against the drumbeat of negative commentary and obituaries to Goldilocks. But ultimately in the market, price action triumphs. May be the market has priced in subprime.
9/24/2007
No shortage of buy candidates
In current conditions there is no shortage of fresh buy candidates everyday. Stocks are following through on the breakout and momentum is excellent. In such conditions breakouts are often followed by quick 10 to 20% move in few days.
Buy Signals
ALGN,Align Tech Inc (Google Yahoo Earnings Chart)
ARBA,Ariba Inc (Google Yahoo Earnings Chart)
CYNO,Cynosure Inc (Google Yahoo Earnings Chart)
CZZ,Cosan Limited Class A (Google Yahoo Earnings Chart)
DCP,DynCorp International Inc (Google Yahoo Earnings Chart)
DISCA,Discovery Holding Co Class A (Google Yahoo Earnings Chart)
DMND,Diamond Foods Inc (Google Yahoo Earnings Chart)
DSX,Diana Shipping Inc (Google Yahoo Earnings Chart)
FSLR,First Solar Inc (Google Yahoo Earnings Chart)
IHS,IHS Inc (Google Yahoo Earnings Chart)
INFN,Infinera Corporation (Google Yahoo Earnings Chart)
LXU,Lsb Industries Inc (Google Yahoo Earnings Chart)
MATK,Martek Biosciences Corp (Google Yahoo Earnings Chart)
NANX,Nanophase Technologies C (Google Yahoo Earnings Chart)
ORCL,Oracle Corporation (Google Yahoo Earnings Chart)
PRXI,Premier Exhibitions Inc (Google Yahoo Earnings Chart)
SDTH,Shengdatech Inc (Google Yahoo Earnings Chart)
SEA,Star Maritime Acquisition Corp (Google Yahoo Earnings Chart)
SIRT,Sirtris Pharmaceuticals Inc (Google Yahoo Earnings Chart)
ZVUE,Handheld Entertainment Inc (Google Yahoo Earnings Chart)
Buy Signals
ALGN,Align Tech Inc (Google Yahoo Earnings Chart)
ARBA,Ariba Inc (Google Yahoo Earnings Chart)
CYNO,Cynosure Inc (Google Yahoo Earnings Chart)
CZZ,Cosan Limited Class A (Google Yahoo Earnings Chart)
DCP,DynCorp International Inc (Google Yahoo Earnings Chart)
DISCA,Discovery Holding Co Class A (Google Yahoo Earnings Chart)
DMND,Diamond Foods Inc (Google Yahoo Earnings Chart)
DSX,Diana Shipping Inc (Google Yahoo Earnings Chart)
FSLR,First Solar Inc (Google Yahoo Earnings Chart)
IHS,IHS Inc (Google Yahoo Earnings Chart)
INFN,Infinera Corporation (Google Yahoo Earnings Chart)
LXU,Lsb Industries Inc (Google Yahoo Earnings Chart)
MATK,Martek Biosciences Corp (Google Yahoo Earnings Chart)
NANX,Nanophase Technologies C (Google Yahoo Earnings Chart)
ORCL,Oracle Corporation (Google Yahoo Earnings Chart)
PRXI,Premier Exhibitions Inc (Google Yahoo Earnings Chart)
SDTH,Shengdatech Inc (Google Yahoo Earnings Chart)
SEA,Star Maritime Acquisition Corp (Google Yahoo Earnings Chart)
SIRT,Sirtris Pharmaceuticals Inc (Google Yahoo Earnings Chart)
ZVUE,Handheld Entertainment Inc (Google Yahoo Earnings Chart)
Bottom Sectors
MG317,Sporting Goods (Google Yahoo Earnings Chart)
MG328,Office Supplies (Google Yahoo Earnings Chart)
MG333,Recreational Vehicles (Google Yahoo Earnings Chart)
MG414,Regional-Southeast Banks (Google Yahoo Earnings Chart)
MG421,Investment Brokerage-National (Google Yahoo Earnings Chart)
MG425,Credit Services (Google Yahoo Earnings Chart)
MG434,Surety & Title Insurance (Google Yahoo Earnings Chart)
MG448,Mortgage Investment (Google Yahoo Earnings Chart)
MG525,Hospitals (Google Yahoo Earnings Chart)
MG528,Medical Practitionersi (Google Yahoo Earnings Chart)
MG631,Residential Construction (Google Yahoo Earnings Chart)
MG633,Lumber / Wood Production (Google Yahoo Earnings Chart)
MG634,Cement (Google Yahoo Earnings Chart)
MG721,Advertising Agencies (Google Yahoo Earnings Chart)
MG722,Marketing Services (Google Yahoo Earnings Chart)
MG729,Publishing-Books (Google Yahoo Earnings Chart)
MG731,Department Stores (Google Yahoo Earnings Chart)
MG737,Home Furnishing Stores (Google Yahoo Earnings Chart)
MG738,Auto Parts Stores (Google Yahoo Earnings Chart)
MG742,Toy & Hobby Stores (Google Yahoo Earnings Chart)
MG746,Specialty Retail - Other (Google Yahoo Earnings Chart)
MG752,Building Materials Wholesale (Google Yahoo Earnings Chart)
MG775,Trucking (Google Yahoo Earnings Chart)
MG843,Processing Systems & Products (Google Yahoo Earnings Chart)
MG328,Office Supplies (Google Yahoo Earnings Chart)
MG333,Recreational Vehicles (Google Yahoo Earnings Chart)
MG414,Regional-Southeast Banks (Google Yahoo Earnings Chart)
MG421,Investment Brokerage-National (Google Yahoo Earnings Chart)
MG425,Credit Services (Google Yahoo Earnings Chart)
MG434,Surety & Title Insurance (Google Yahoo Earnings Chart)
MG448,Mortgage Investment (Google Yahoo Earnings Chart)
MG525,Hospitals (Google Yahoo Earnings Chart)
MG528,Medical Practitionersi (Google Yahoo Earnings Chart)
MG631,Residential Construction (Google Yahoo Earnings Chart)
MG633,Lumber / Wood Production (Google Yahoo Earnings Chart)
MG634,Cement (Google Yahoo Earnings Chart)
MG721,Advertising Agencies (Google Yahoo Earnings Chart)
MG722,Marketing Services (Google Yahoo Earnings Chart)
MG729,Publishing-Books (Google Yahoo Earnings Chart)
MG731,Department Stores (Google Yahoo Earnings Chart)
MG737,Home Furnishing Stores (Google Yahoo Earnings Chart)
MG738,Auto Parts Stores (Google Yahoo Earnings Chart)
MG742,Toy & Hobby Stores (Google Yahoo Earnings Chart)
MG746,Specialty Retail - Other (Google Yahoo Earnings Chart)
MG752,Building Materials Wholesale (Google Yahoo Earnings Chart)
MG775,Trucking (Google Yahoo Earnings Chart)
MG843,Processing Systems & Products (Google Yahoo Earnings Chart)
Top Sectors
Technology and commodities are two clear themes in this top sector list.
MG113,Agricultural Chemicals (Google Yahoo Earnings Chart)
MG124,Oil & Gas Drilling & Explorat (Google Yahoo Earnings Chart)
MG125,Oil & Gas Equip & Services (Google Yahoo Earnings Chart)
MG130,-Metals & Mining- (Google Yahoo Earnings Chart)
MG131,Steel & Iron (Google Yahoo Earnings Chart)
MG132,Copper (Google Yahoo Earnings Chart)
MG133,Aluminum (Google Yahoo Earnings Chart)
MG134,Industrial Metals & Minerals (Google Yahoo Earnings Chart)
MG135,Gold (Google Yahoo Earnings Chart)
MG137,Nonmetallic Mineral Mining (Google Yahoo Earnings Chart)
MG342,Farm Products (Google Yahoo Earnings Chart)
MG517,Diagnostic Substances (Google Yahoo Earnings Chart)
MG627,Metal Fabrication (Google Yahoo Earnings Chart)
MG628,Industrial Electrical Equipmen (Google Yahoo Earnings Chart)
MG636,Heavy Construction (Google Yahoo Earnings Chart)
MG712,Resorts & Casinos (Google Yahoo Earnings Chart)
MG739,Catalog & Mail Order Houses (Google Yahoo Earnings Chart)
MG768,Technical Services (Google Yahoo Earnings Chart)
MG812,Personal Computers (Google Yahoo Earnings Chart)
MG815,Networking & Comm Dev (Google Yahoo Earnings Chart)
MG838,Scientific & Technical Instr (Google Yahoo Earnings Chart)
MG847,Diversified Communication Serv (Google Yahoo Earnings Chart)
MG851,Internet Service Providers (Google Yahoo Earnings Chart)
MG852,Internet Information Providers (Google Yahoo Earnings Chart)
MG113,Agricultural Chemicals (Google Yahoo Earnings Chart)
MG124,Oil & Gas Drilling & Explorat (Google Yahoo Earnings Chart)
MG125,Oil & Gas Equip & Services (Google Yahoo Earnings Chart)
MG130,-Metals & Mining- (Google Yahoo Earnings Chart)
MG131,Steel & Iron (Google Yahoo Earnings Chart)
MG132,Copper (Google Yahoo Earnings Chart)
MG133,Aluminum (Google Yahoo Earnings Chart)
MG134,Industrial Metals & Minerals (Google Yahoo Earnings Chart)
MG135,Gold (Google Yahoo Earnings Chart)
MG137,Nonmetallic Mineral Mining (Google Yahoo Earnings Chart)
MG342,Farm Products (Google Yahoo Earnings Chart)
MG517,Diagnostic Substances (Google Yahoo Earnings Chart)
MG627,Metal Fabrication (Google Yahoo Earnings Chart)
MG628,Industrial Electrical Equipmen (Google Yahoo Earnings Chart)
MG636,Heavy Construction (Google Yahoo Earnings Chart)
MG712,Resorts & Casinos (Google Yahoo Earnings Chart)
MG739,Catalog & Mail Order Houses (Google Yahoo Earnings Chart)
MG768,Technical Services (Google Yahoo Earnings Chart)
MG812,Personal Computers (Google Yahoo Earnings Chart)
MG815,Networking & Comm Dev (Google Yahoo Earnings Chart)
MG838,Scientific & Technical Instr (Google Yahoo Earnings Chart)
MG847,Diversified Communication Serv (Google Yahoo Earnings Chart)
MG851,Internet Service Providers (Google Yahoo Earnings Chart)
MG852,Internet Information Providers (Google Yahoo Earnings Chart)
9/22/2007
How to improve IBD200
From the Members Only site
The central principle behind the IBD 200 strategy is equity selection. An in depth understanding of that helps you understand why it works and how to make it work better.
The IBD 200 is basically top 4% stocks ranked by Composite Rating. Or in other words they have 96 plus composite rating.
Now lets look at component of composite ratings. There are two component to it financial related and price related.
Financial related
Earnings
sales growth
pretax and after-tax profit margins
return on equity
Price Related
Relative Strength
Industry Rel Strength
Stocks price relative to its 5 week high (IBD takes those within 15%)
Accumulation Distribution
Now if you look at these factors closely highest weight is to Relative Strength. You will see even a 65 EPS rated stock in IBD 200 but if you look at Relative Strength ratings it will never be less than 90. Plus Industry Relative weight is again a derivative of Individual stocks relative strength.
So the most important attribute of the IBD 200 stocks which make them work is relative strength.
Now consider the other fact, the IBD 200 stocks are not necessarily the top 200 stocks in the market rated by IBD 200. In fact if you study the top 200 stocks by just Relative strength over a period of time IBD 200 members will be between 50 to 60% of that. So if you trade top 200 stocks just by relative strength and use same rules, you would still make money.
How does it matter to you as a trader whether a stock is going up because of financial factor or it is going up for any other reason. All you are interested in is capturing part of the move from a fast moving stock.
Now if you understand and internalize this logic, you will be able to trade IBD 200 based approach more profitably. In my second post I will talk about how to trade the top relative strength stocks and why I personally no more trade IBD 200. And how you can trade IBD200 without having Investor's Business Daily.
The central principle behind the IBD 200 strategy is equity selection. An in depth understanding of that helps you understand why it works and how to make it work better.
The IBD 200 is basically top 4% stocks ranked by Composite Rating. Or in other words they have 96 plus composite rating.
Now lets look at component of composite ratings. There are two component to it financial related and price related.
Financial related
Earnings
sales growth
pretax and after-tax profit margins
return on equity
Price Related
Relative Strength
Industry Rel Strength
Stocks price relative to its 5 week high (IBD takes those within 15%)
Accumulation Distribution
Now if you look at these factors closely highest weight is to Relative Strength. You will see even a 65 EPS rated stock in IBD 200 but if you look at Relative Strength ratings it will never be less than 90. Plus Industry Relative weight is again a derivative of Individual stocks relative strength.
So the most important attribute of the IBD 200 stocks which make them work is relative strength.
Now consider the other fact, the IBD 200 stocks are not necessarily the top 200 stocks in the market rated by IBD 200. In fact if you study the top 200 stocks by just Relative strength over a period of time IBD 200 members will be between 50 to 60% of that. So if you trade top 200 stocks just by relative strength and use same rules, you would still make money.
How does it matter to you as a trader whether a stock is going up because of financial factor or it is going up for any other reason. All you are interested in is capturing part of the move from a fast moving stock.
Now if you understand and internalize this logic, you will be able to trade IBD 200 based approach more profitably. In my second post I will talk about how to trade the top relative strength stocks and why I personally no more trade IBD 200. And how you can trade IBD200 without having Investor's Business Daily.
9/21/2007
Negative Action
Below the surface select few stocks yesterday had high volume down days. In many cases some sectors like trucking and financials there continues to be selling pressure.
Select Stocks Down on High Volume
ACIW,Aci Worldwide Inc (Google Yahoo Earnings Chart)
ARGN,Amerigon Inc (Google Yahoo Earnings Chart)
BCRX,Biocryst Pharmaceuticals (Google Yahoo Earnings Chart)
CBS,CBS Corp Class B (Google Yahoo Earnings Chart)
CC,Circuit Cty Strs Inc (Google Yahoo Earnings Chart)
CLC,Clarcor Inc (Google Yahoo Earnings Chart)
COT,Cott Corporation (Google Yahoo Earnings Chart)
INFY,Infosys Technologies Ads (Google Yahoo Earnings Chart)
ISLN,Isilon Systems Inc (Google Yahoo Earnings Chart)
JBHT,JB Hunt Transport Services (Google Yahoo Earnings Chart)
JCOM,J2 Global Communications (Google Yahoo Earnings Chart)
KSP,K-sea Transportation Ptnr (Google Yahoo Earnings Chart)
LQDT,Liquidity Services (Google Yahoo Earnings Chart)
MAIL,Incredimail (Google Yahoo Earnings Chart)
MLHR,Herman Miller Inc (Google Yahoo Earnings Chart)
MNRO,Monro Muffler Brake Inc (Google Yahoo Earnings Chart)
ODFL,Old Dominion Freight Lne (Google Yahoo Earnings Chart)
PGNX,Progenics Pharm Inc (Google Yahoo Earnings Chart)
PLCM,Polycom Inc (Google Yahoo Earnings Chart)
SFN,Spherion Corporation (Google Yahoo Earnings Chart)
SLP,Simulations Plus Inc (Google Yahoo Earnings Chart)
SMTS,Somanetics Corp (Google Yahoo Earnings Chart)
SWIR,Sierra Wireless Inc (Google Yahoo Earnings Chart)
VDSI,Vasco Data Security Intl (Google Yahoo Earnings Chart)
VSE,VeraSun Energy Corp (Google Yahoo Earnings Chart)
Select Stocks Down on High Volume
ACIW,Aci Worldwide Inc (Google Yahoo Earnings Chart)
ARGN,Amerigon Inc (Google Yahoo Earnings Chart)
BCRX,Biocryst Pharmaceuticals (Google Yahoo Earnings Chart)
CBS,CBS Corp Class B (Google Yahoo Earnings Chart)
CC,Circuit Cty Strs Inc (Google Yahoo Earnings Chart)
CLC,Clarcor Inc (Google Yahoo Earnings Chart)
COT,Cott Corporation (Google Yahoo Earnings Chart)
INFY,Infosys Technologies Ads (Google Yahoo Earnings Chart)
ISLN,Isilon Systems Inc (Google Yahoo Earnings Chart)
JBHT,JB Hunt Transport Services (Google Yahoo Earnings Chart)
JCOM,J2 Global Communications (Google Yahoo Earnings Chart)
KSP,K-sea Transportation Ptnr (Google Yahoo Earnings Chart)
LQDT,Liquidity Services (Google Yahoo Earnings Chart)
MAIL,Incredimail (Google Yahoo Earnings Chart)
MLHR,Herman Miller Inc (Google Yahoo Earnings Chart)
MNRO,Monro Muffler Brake Inc (Google Yahoo Earnings Chart)
ODFL,Old Dominion Freight Lne (Google Yahoo Earnings Chart)
PGNX,Progenics Pharm Inc (Google Yahoo Earnings Chart)
PLCM,Polycom Inc (Google Yahoo Earnings Chart)
SFN,Spherion Corporation (Google Yahoo Earnings Chart)
SLP,Simulations Plus Inc (Google Yahoo Earnings Chart)
SMTS,Somanetics Corp (Google Yahoo Earnings Chart)
SWIR,Sierra Wireless Inc (Google Yahoo Earnings Chart)
VDSI,Vasco Data Security Intl (Google Yahoo Earnings Chart)
VSE,VeraSun Energy Corp (Google Yahoo Earnings Chart)
Buying Opportunities
Below the surface there were 140 bullish breakouts in my scans. There is no shortage of opportunities for long positions currently.
Some Selected Buy Signals:
APOG,Apogee Enterprises Inc (Google Yahoo Earnings Chart)
CAAS,China Automotive Systems Inc (Google Yahoo Earnings Chart)
CPSL,China Precision Steel Inc (Google Yahoo Earnings Chart)
EFUT,E-Future Info Tech Inc Ord (Google Yahoo Earnings Chart)
EXAS,Exact Sciences (Google Yahoo Earnings Chart)
HYGS,Hydrogenics Corporation (Google Yahoo Earnings Chart)
MNG,Miramar Mining Corp (Google Yahoo Earnings Chart)
NTCT,Netscout Systems Inc (Google Yahoo Earnings Chart)
OSIR,Osiris Therapeutics Inc (Google Yahoo Earnings Chart)
PKE,Park Electrochemical Cp (Google Yahoo Earnings Chart)
ROCM,Rochester Medical Corp (Google Yahoo Earnings Chart)
TMY,Transmeridian Exploration Inc (Google Yahoo Earnings Chart)
TRE,Tanzanian Royalty Exploration Corp (Google Yahoo Earnings Chart)
Some Selected Buy Signals:
APOG,Apogee Enterprises Inc (Google Yahoo Earnings Chart)
CAAS,China Automotive Systems Inc (Google Yahoo Earnings Chart)
CPSL,China Precision Steel Inc (Google Yahoo Earnings Chart)
EFUT,E-Future Info Tech Inc Ord (Google Yahoo Earnings Chart)
EXAS,Exact Sciences (Google Yahoo Earnings Chart)
HYGS,Hydrogenics Corporation (Google Yahoo Earnings Chart)
MNG,Miramar Mining Corp (Google Yahoo Earnings Chart)
NTCT,Netscout Systems Inc (Google Yahoo Earnings Chart)
OSIR,Osiris Therapeutics Inc (Google Yahoo Earnings Chart)
PKE,Park Electrochemical Cp (Google Yahoo Earnings Chart)
ROCM,Rochester Medical Corp (Google Yahoo Earnings Chart)
TMY,Transmeridian Exploration Inc (Google Yahoo Earnings Chart)
TRE,Tanzanian Royalty Exploration Corp (Google Yahoo Earnings Chart)
Market Monitor
- After two days of red hot momentum, market had a rest day yesterday.
- There is action on both side currently. There were stellar blowout moves on over 35 stocks . There were some nasty reversals also.
- The kind of action we saw yesterday is normal action after few days of excellent momentum. Short term players take their profit, overextended stocks reverse. This sets up for further gains as earlier gains are digested.
- Dip buyers will be active in the market and we should see further upside fueled by cash on the sideline.
9/20/2007
Some nasty reversals
While overall action was very positive, there were some very nasty high volume reversals. In many of these cases , these stocks had a high volume breakout just a day earlier. Stock specific catalyst will start to come in play once the overall euphoric mood settles down.
Stocks down 4% or more on high volume
AIR,Aar Corp (Google Yahoo Earnings Chart)
AOS,A O Smith Corporation (Google Yahoo Earnings Chart)
ARO,Aeropostale Inc (Google Yahoo Earnings Chart)
ARTE,Artes Medical Inc (Google Yahoo Earnings Chart)
ASX,Advanced Semicondctr Ads (Google Yahoo Earnings Chart)
CALM,Cal-Maine Foods Inc (Google Yahoo Earnings Chart)
CHIP,Verichip Corporation (Google Yahoo Earnings Chart)
CNQ,Canadian Natural Res Ltd (Google Yahoo Earnings Chart)
ECLP,Eclipsys Corporation (Google Yahoo Earnings Chart)
EGLE,Eagle Bulk Shipping Inc (Google Yahoo Earnings Chart)
ETV,Eaton Vance Tax-Managed Buy-Write Opportunities Fund (Google Yahoo Earnings Chart)
FTO,Frontier Oil Corp (Google Yahoo Earnings Chart)
HNAB,Hana Biosciences Inc (Google Yahoo Earnings Chart)
HOV,Hovnanian Enterprises A (Google Yahoo Earnings Chart)
ID,L-1 Identity Solutions Inc (Google Yahoo Earnings Chart)
IDEV,Indevus Pharmaceuticals Inc (Google Yahoo Earnings Chart)
IIIN,Insteel Industries Inc (Google Yahoo Earnings Chart)
IMB,Indymac Bancorp Inc (Google Yahoo Earnings Chart)
KMX,Carmax Inc (Google Yahoo Earnings Chart)
MAS,Masco Corp (Google Yahoo Earnings Chart)
MCGC,Mcg Capital (Google Yahoo Earnings Chart)
NIS,Nis Group Co Ltd (Google Yahoo Earnings Chart)
NTRI,NutriSystem Inc (Google Yahoo Earnings Chart)
NZT,Telecom Cp Of New Zealnd (Google Yahoo Earnings Chart)
PBY,Pep Boys Manny Moe&Jack (Google Yahoo Earnings Chart)
PQ,Petroquest Energy Inc (Google Yahoo Earnings Chart)
PWAV,Powerwave Technologies (Google Yahoo Earnings Chart)
QI,Qimonda AG (Google Yahoo Earnings Chart)
RHD,R.H. Donnelley Corp (Google Yahoo Earnings Chart)
RNT,Aaron Rents Inc (Google Yahoo Earnings Chart)
SILC,Silicom Ltd (Google Yahoo Earnings Chart)
SIRI,Sirius Satellite Radio (Google Yahoo Earnings Chart)
SNDA,Shanda Interactive Ent Ltd (Google Yahoo Earnings Chart)
SU,Suncor Energy (Google Yahoo Earnings Chart)
SVN,Sun-Times Media Group (Google Yahoo Earnings Chart)
SYNM,Syntroleum Corporation (Google Yahoo Earnings Chart)
TEL,Tyco Electronics Ltd (Google Yahoo Earnings Chart)
THRX,Theravance Inc (Google Yahoo Earnings Chart)
TTG,Tutogen Medical Inc (Google Yahoo Earnings Chart)
UBA,Urstadt Biddle Properties (Google Yahoo Earnings Chart)
USU,Usec Inc (Google Yahoo Earnings Chart)
WINN,Winn-Dixie Stores Inc (Google Yahoo Earnings Chart)
WSM,Williams Sonoma Inc (Google Yahoo Earnings Chart)
WZEN,Webzen Inc (Google Yahoo Earnings Chart)
XMSR,Xm Satellite Radio Hldgs (Google Yahoo Earnings Chart)
Stocks down 4% or more on high volume
AIR,Aar Corp (Google Yahoo Earnings Chart)
AOS,A O Smith Corporation (Google Yahoo Earnings Chart)
ARO,Aeropostale Inc (Google Yahoo Earnings Chart)
ARTE,Artes Medical Inc (Google Yahoo Earnings Chart)
ASX,Advanced Semicondctr Ads (Google Yahoo Earnings Chart)
CALM,Cal-Maine Foods Inc (Google Yahoo Earnings Chart)
CHIP,Verichip Corporation (Google Yahoo Earnings Chart)
CNQ,Canadian Natural Res Ltd (Google Yahoo Earnings Chart)
ECLP,Eclipsys Corporation (Google Yahoo Earnings Chart)
EGLE,Eagle Bulk Shipping Inc (Google Yahoo Earnings Chart)
ETV,Eaton Vance Tax-Managed Buy-Write Opportunities Fund (Google Yahoo Earnings Chart)
FTO,Frontier Oil Corp (Google Yahoo Earnings Chart)
HNAB,Hana Biosciences Inc (Google Yahoo Earnings Chart)
HOV,Hovnanian Enterprises A (Google Yahoo Earnings Chart)
ID,L-1 Identity Solutions Inc (Google Yahoo Earnings Chart)
IDEV,Indevus Pharmaceuticals Inc (Google Yahoo Earnings Chart)
IIIN,Insteel Industries Inc (Google Yahoo Earnings Chart)
IMB,Indymac Bancorp Inc (Google Yahoo Earnings Chart)
KMX,Carmax Inc (Google Yahoo Earnings Chart)
MAS,Masco Corp (Google Yahoo Earnings Chart)
MCGC,Mcg Capital (Google Yahoo Earnings Chart)
NIS,Nis Group Co Ltd (Google Yahoo Earnings Chart)
NTRI,NutriSystem Inc (Google Yahoo Earnings Chart)
NZT,Telecom Cp Of New Zealnd (Google Yahoo Earnings Chart)
PBY,Pep Boys Manny Moe&Jack (Google Yahoo Earnings Chart)
PQ,Petroquest Energy Inc (Google Yahoo Earnings Chart)
PWAV,Powerwave Technologies (Google Yahoo Earnings Chart)
QI,Qimonda AG (Google Yahoo Earnings Chart)
RHD,R.H. Donnelley Corp (Google Yahoo Earnings Chart)
RNT,Aaron Rents Inc (Google Yahoo Earnings Chart)
SILC,Silicom Ltd (Google Yahoo Earnings Chart)
SIRI,Sirius Satellite Radio (Google Yahoo Earnings Chart)
SNDA,Shanda Interactive Ent Ltd (Google Yahoo Earnings Chart)
SU,Suncor Energy (Google Yahoo Earnings Chart)
SVN,Sun-Times Media Group (Google Yahoo Earnings Chart)
SYNM,Syntroleum Corporation (Google Yahoo Earnings Chart)
TEL,Tyco Electronics Ltd (Google Yahoo Earnings Chart)
THRX,Theravance Inc (Google Yahoo Earnings Chart)
TTG,Tutogen Medical Inc (Google Yahoo Earnings Chart)
UBA,Urstadt Biddle Properties (Google Yahoo Earnings Chart)
USU,Usec Inc (Google Yahoo Earnings Chart)
WINN,Winn-Dixie Stores Inc (Google Yahoo Earnings Chart)
WSM,Williams Sonoma Inc (Google Yahoo Earnings Chart)
WZEN,Webzen Inc (Google Yahoo Earnings Chart)
XMSR,Xm Satellite Radio Hldgs (Google Yahoo Earnings Chart)
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