New sectors keep breaking out

	Market Monitor

Type	Indicator	Value
Daily	# of Stocks Up >4% on high volume	325
Daily	# of stocks down >4% on high volume	132
Primary	# of stocks up >25% in a quarter	3407
Primary	# of stocks down >25% in a quarter	240
Secondary	#of stocks up >50% in a month	38
Secondary	#of stocks down >50% in a month	2
Secondary	#of stocks up >25% in a month	272
Secondary	#of stocks down >25% in a month	40
Primary fast	MM 34/13 +	2999
Primary Fast	MM 34/13 -	629

The top line indication from Market Monitor currently is a likelihood of a dip as # of stocks down 25% in a month is approaching 200 levels.
Such levels tend to lead to pullbacks.
We have had 4 back to back 300 plus days in last five days.
As a result of this buying pressure the # of stocks up 25% in a quarter has gone up from 3146 to 3407 in last five days.
At these levels these readings are at highest level since this bull move started on 10 th March.
On 9th March the #of stocks up 25% in a quarter was at 483.
So we have seen impressive breadth improvement in last few months.
That is what is reflected in our individual trades so far.
We have been able to continuously find trades which made between 8 to 40% moves in few weeks since 10th March.
As of now the number of stocks up 50% plus in a month is at 38. Which indicates that big 50% plus moves as % of total moves are not high currently.
During the really explosive phase of this rally we had 300 plus stocks up 50% plus in a month.
So market has cooled down and more moves are of 10 to 15% kind in a month currently.
This is also reflected in the # of stocks up 25% in a month. This number is currently 272, compare that to April when the number was as high as 1400.
So overall we have a market which is going up but the number of explosive moves (moves of 25% plus in a month) are not many compared to earlier phase of rally.
That is one of the reason I have been taking profit at 10 to 15% levels on our trades as compared to previous period.
How does the breadth number #of stocks up go up from 483 to 3407, by broadening of sectors and stocks participating in the rally.
If you monitor the sector action daily you would notice this, everyday new sector stocks are having a breakout continued......

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