- CBEH
- CNR
- CPC
- DGW
- IVR
- MDSO
- SKBI
Slowly this market is reviving. There are more IPO in pipeline for next month.
Slowly this market is reviving. There are more IPO in pipeline for next month.
Last week we looked at the basic philosophy behind swing trading . In that post we also looked at some of the books on swing trading. In next series of posts we will look at some of the details of method discussed in these books. We will start with Dave Landry. The basic idea behind all the Dave Landry set ups is "pullback" in a strong thrust. The objective is to capture the thrust after the pullback. The method works only in stocks with momentum.
Sometime back we looked at the basic philosophy behind swing trading . In that post we also looked at some of the books on swing trading. In next series of posts we will look at some of the details of method discussed in these books.
We will start with Dave Landry. The basic idea behind all the Dave Landry set ups is "pullback" in a strong thrust. The objective is to capture the thrust after the pullback. The method works only in stocks with momentum.
Dave Landry's Persistent Pullbacks
Sometime back we looked at the basic philosophy behind swing trading . In that post we also looked at some of the books on swing trading. In next series of posts we will look at some of the details of method discussed in these books.
We will start with Dave Landry. The basic idea behind all the Dave Landry set ups is "pullback" in a strong thrust. The objective is to capture the thrust after the pullback. The method works only in stocks with momentum.
Market Monitor | Market in pullback mode after a big three month rally | ||
Type | Indicator | Value | Comments |
Daily | # of Stocks Up >4% on high volume | 318 | A positive day. Need to see 500 plus day to be aggressively bullish |
Daily | # of stocks down >4% on high volume | 136 | |
Primary | # of stocks up >25% in a quarter | 2542 | |
Primary | # of stocks down >25% in a quarter | 437 | no major damage to breadth so far |
Secondary | #of stocks up >50% in a month | 20 | |
Secondary | #of stocks down >50% in a month | 2 | |
Secondary | #of stocks up >25% in a month | 154 | |
Secondary | #of stocks down >25% in a month | 24 | not climbing fast indicates sideways move Not much opportunity for shorting. |
Primary fast | MM 34/13 + | 1828 | This ratio will be the first to indicate breadth has turned negative. |
Primary Fast | MM 34/13 - | 1272 |
year | eps | sales | low price | high price |
2002 | 0.08 | 28 | 1 | 1 |
2003 | 0.03 | 23 | 1 | 2 |
2004 | 0.03 | 38 | 1 | 4 |
2005 | 0.59 | 210 | 2 | 44 |
2006 | 2.30 | 565 | 32 | 76 |
2007 | 3.00 | 776 | 20 | 74 |
2008 | 1.75 | 687 | 10 | 30 |
year | eps | sales | low | high |
2003 | -0.01 | 1 | - | - |
2004 | -0.01 | 14 | - | - |
2005 | 0.22 | 108 | - | - |
2006 | 0.81 | 355 | 10 | 25 |
2007 | 2.00 | 847 | 21 | 75 |
2008 | -2.04 | 721 | 39 | 1 |
Market Monitor | Market in pullback mode after a big three month rally | ||
Type | Indicator | Value | Comments |
Daily | # of Stocks Up >4% on high volume | 150 | |
Daily | # of stocks down >4% on high volume | 260 | Another negative day. The pullback continues. |
Primary | # of stocks up >25% in a quarter | 2529 | Breadth is still positive. So this is correction/pullback in primary bullish trend. |
Primary | # of stocks down >25% in a quarter | 437 | There is no major deterioration in breadth so far. |
Secondary | #of stocks up >50% in a month | 17 | Overbought levels are finally below 20. |
Secondary | #of stocks down >50% in a month | 3 | |
Secondary | #of stocks up >25% in a month | 101 | |
Secondary | #of stocks down >25% in a month | 31 | |
Primary fast | MM 34/13 + | 1926 | This ratio will be the first to indicate breadth has turned negative. |
Primary Fast | MM 34/13 - | 1374 |