Market monitor is market breadth
based market timing tool
Market has had a very shallow correction.
|Daily||# of stocks up >4% on high volume||142|| 15 stocks with 100 million plus dollar volume.(M$V)|
The new leadership keeps emerging.
If you keep a daily eye on the stocks with
100 million plus dollar volume having 4% plus b/o
you can become good at spotting where money is flowing.
Now if you look at the 15 stocks with 100 M$V on Friday
you will clearly notice money flowing in to technology sector.intc mrvl mu amd qlgc isil are all technology stocks.
Yesterday you had big companies like dell and stx attracting buy interest.
The second sector theme that is clearly emerging in last one week is retail.
|Daily||# of stocks down>4% on high volume||75||No major selling. The dollar volume 100 million plus b/o|
has one stock today GT.If market turns this is where you would notice
100 M$V stock dominating the action.
As of now the large stocks are in sideways pattern.
|Primary||# of stocks up >25% in a quarter||2003||I always look at the top 25 to 30 stocks in this list sorted by dollar volume.|
That tells you whether such large stocks are showing
topping formation or continuation patterns.
On weekends or on days when I have time I look at all
100 M$V stocks in this list.
If you see this scan output today you will see that
there are 132 stocks with 100 M$V
When the market rolls over the big stock start rolling over.
As of now you see few signs of that because there
has been no serious selling in last few weeks.
|Primary||# of stocks down>25% in a quarter||271||260 to 300 is the range on this for a week or so.|
There are only 5 M$V stocks in this scan CIT FSLR DRYS ATI S
|Secondary||# of stocks up> 50% in a month||21||In this market this number at around 100 level has been|
when froth has shown up.
So at 20 it is still comparatively benign for this market.
|Secondary||# of stocks down>50% in a month||1|
|Secondary||# of stocks up>25% in a month||154|
|Secondary||# of stocks down>25% in a month||23||No edge on short side as of now, for those attempting it .|
|# of stocks up>13% in 34 days||2352|
|# of stocks down>13% in 34 days||570|
|MMA+||% of stocks in confirmed uptrend||69||This is gain range bound.|
In this scan also I look at top 30 to 100 stock by 100M$V
|MMA-||% of stocks in confirmed downtrend||13||16 stocks in this scan have 100 M$V.|
When market rolls over or corrects such stocks
can make good short candidates.
Weak stocks become weaker.
|#of stocks up> 4% in last 10 days/|
#of stocks down>4% in last 10 days
|1.48||A reading of below 0.5 on this will confirm bearish trend.|
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|Top 25 stock by Dollar Volume|
up 4% plus on high volume
(100 * (C - C1) / C1) >= 4 AND V >= 1000 AND V > V1and c*v>=1000000
|fnm fre stec wcrx chic lo amd hgsi bcrx mtl|
Only 10 stocks had 100 million plus dollar volume
on 4% breakout day
|Top 25 stocks by Dollar Volume|
down 4% plus on high volume
( 100 * (C - C1) / C1) <= ( - 4) AND V >= 1000 AND V > V1 and c*v>=1000000
f pnc bby hban tol gt
Many look like pullbacks
- This tells you where big money is flowing.
- If you do it daily, you will quickly notice overall market direction change.
- At the beginning of a move large stocks start breaking out.
- At the end of a move, you will see larger stocks breaking down.
- Large stock=100 million plus dollar volume
- Yesterday did not show much selling pressure as shown by this scan.
If you study the top performing screens on the AAII site you would see growth screens dominate.
|Value||Piotroski||1304%||This is the only value screen|
which approaches growth screen performance.
|1905%||This is basically small companies growth screen.|
|Zweig||1325%||Growth at reasonable price|
This is CANSLIM on stocks with value characters.
This is very similar to Zweig
CANSLIM will capture all these.
The only difference from CANSLIM is that Magnet
emphasises revenue growth instead of earnings growth.
|Growth||CANSLIM||2767%||The best performing growth screen out of all the screens.|
|1880%||This is Zacks Rank kind of growth investing approach.|
- The AAII Stock Screens are based on AAII understanding of these methods.
- You can study the exact methodology on their site.
- Currently growth +value screens are doing well.