Market Monitor

	Market Monitor		Market resumes its rally after a pullback. Earnings season currently on. Focus is on Episodic Pivots
Type	Indicator	Value	Comments
Daily	# of Stocks Up >4% on high volume	121	A mild negative breadth day.
Daily	# of stocks down >4% on high volume	142	After multi day gains in index a pullback might be logical.
Primary	# of stocks up >25% in a quarter	1892	Stocks have held up well during correction. So many first phase leaders will likely have second leg of the move.
Primary	# of stocks down >25% in a quarter	538
Secondary	#of stocks up >50% in a month	9
Secondary	#of stocks down >50% in a month	4
Secondary	#of stocks up >25% in a month	85
Secondary	#of stocks down >25% in a month	23
Primary fast	MM 34/13 +	1909
Primary Fast	MM 34/13 -	1053

Top ten stock by Dollar Volume up 4% plus on high volume	ibm yhoo aig cit mat hnt kbh bcrx tpx aos
Top ten stocks by Dollar Volume down 4% plus on high volume	ge bbt reg fitb fhn kim rf eqr hban mi Regional banks is the theme here

• Many stocks have held up well during the correction , some of them had breakout in last couple of days.
• The Chinese stocks like PWRD, CYOU, NTES, BIDU, ASIA, SOHU, etc. were the first phase leaders , some of them had sharp reversals, but many look still holding on to bulk of their gains and are likely to see breakouts soon.