Market Monitor

Market Monitor

September 7, 2007

• Market was up on low volume. Dip buyers were active in many stocks. With 183 stocks in up 4% scan, it was very god strength in spite of low volume.
• Gold stocks had one of the best days.
  Gold Stocks Breaking out
  ABX,Barrick Gold Corp (Google  Yahoo  Earnings  Chart) 
  AEM,Agnico-Eagle Mines Ltd (Google  Yahoo  Earnings  Chart) 
  AGT,Apollo Gold Corp (Google  Yahoo  Earnings  Chart) 
  AUY,Yamana Gold Inc (Google  Yahoo  Earnings  Chart) 
  AZK,Aurizon Mines Ltd (Google  Yahoo  Earnings  Chart) 
  BVN,Compania De Minas Buena (Google  Yahoo  Earnings  Chart) 
  CAU,Canyon Resources Corp (Google  Yahoo  Earnings  Chart) 
  CGR,Claude Resources Inc (Google  Yahoo  Earnings  Chart) 
  DROOY,DRD Gold Ltd Adr (Google  Yahoo  Earnings  Chart) 
  GFI,Gold Fields Ltd Adr (Google  Yahoo  Earnings  Chart) 
  GG,Goldcorp Inc (Google  Yahoo  Earnings  Chart) 
  GOLD,Randgold Resources Ltd Ads 1:2 (Google  Yahoo  Earnings  Chart) 
  GSS,Golden Star Resources (Google  Yahoo  Earnings  Chart) 
  HMY,Harmony Gold Mining Co (Google  Yahoo  Earnings  Chart) 
  IAG,Iamgold Corp (Google  Yahoo  Earnings  Chart) 
  KBX,Kimber Resources Inc (Google  Yahoo  Earnings  Chart) 
  KGC,Kinross Gold Corp (Google  Yahoo  Earnings  Chart) 
  KRY,Crystallex Internat Corp (Google  Yahoo  Earnings  Chart) 
  LIHR,Lihir Gold Ltd Adr (Google  Yahoo  Earnings  Chart) 
  MDG,Meridian Gold Inc (Google  Yahoo  Earnings  Chart) 
  MG135,Gold (Google  Yahoo  Earnings  Chart) 
  MNG,Miramar Mining Corp (Google  Yahoo  Earnings  Chart) 
  NEM,Newmont Mining Corp (Google  Yahoo  Earnings  Chart) 
  NG,Novagold Resources Inc (Google  Yahoo  Earnings  Chart) 
  NXG,Northgate Minerals Corp (Google  Yahoo  Earnings  Chart) 
  PMU,Pacific Rim Mining Corp (Google  Yahoo  Earnings  Chart) 
  RBY,Rubicon Minerals Corporation (Google  Yahoo  Earnings  Chart) 
  RGLD,Royal Gold Inc (Google  Yahoo  Earnings  Chart) 
  SA,Seabridge Gold Inc (Google  Yahoo  Earnings  Chart) 
  TRE,Tanzanian Royalty Exploration Corp (Google  Yahoo  Earnings  Chart) 
  UXG,US Gold Corporation (Google  Yahoo  Earnings  Chart) 
  VGZ,Vista Gold Corp (Google  Yahoo  Earnings  Chart) 
  
  
• With market in Fed anticipation mode, we might have range bound action for some time.
• Stocks in the IBD 70 plus universe are breaking out in large numbers and that is very encouraging sign for this market.
  

Later: Timing models and emotions