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Choppy action

There is a subtle change in tone of the action. Below the surface many high flying stocks are now in correction and more are joining the rank. The Worden T2108 indicator is now at 53.97. That indicates only 53% of stocks are now above their 40 day moving average. The T2108 was at 74 just few days ago.

However dip buyers continue to be active and indexes have closed well of their high 3 days in a row. Hurry to sell is lacking.

The stocks with momentum are undergoing rotation and new stocks are emerging.


RVLT is ranked 16 by momentum and was consolidating for few days and had a nice breakout on high volume yesterday.

Top 25 ranked stocks by momentum


  1. rsol
  2. yrcw
  3. vrml
  4. scty
  5. tsla
  6. csiq
  7. clnt
  8. htch
  9. jaso
  10. plug
  11. vnda
  12. mnkd
  13. noah
  14. esi
  15. tmus
  16. rvlt
  17. cnit
  18. hsol
  19. unis
  20. insm
  21. ostk
  22. nsph
  23. spwr
  24. iqnt
  25. sdbt
I am watching IQNT, ggs, lllen, ctrp, rh, chci and couple of more for possible breakouts from Top 100 ranked momentum stocks. 


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Rotational correction

The market had a great opening which was quickly faded once first hour was over. Many stocks that had early morning breakouts faded by end ...

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Top stocks continue to hold gain

Market suffered a bit of distribution last week. However follow through selling was lacking. The stocks with momentum continue to hold well...

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What happens to momentum stocks during corection

When trading momentum overall market can have an effect at extreme momentum phases. In last couple of days we were witnessing extreme momen...

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What drives momentum

Momentum moves are triggered by some news. A surprisingly good or bad news often leads to start of a momentum move. This kind of move can...

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Breakouts continue

The red hot momentum phase continues. Some stocks are making big one day move , in some cases on marginal news. Gaps are common on news.  ...

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Red hot momentum

The market continues to exhibit red hot momentum. Such conditions are ideal for breakouts and pullback trades. The participation of stock...

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Momentum continues

Market continues to show good momentum. New sectors continue to breakout. At this rate we will son be approaching extremely bullish reading...

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Stocks in play and PEAD

Stocks in play are stocks with fresh news after the close or before market open. Fresh news leads to fresh moves. Everyday hundreds of...

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Big moves need big catalyst

8 to 40% move in stock is common and requires no catalyst. But a 100% plus move is not common and it requires some catalyst... When a stock...

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Range breakout

Market had established a wide range for couple of month. On Friday the range was broken to the upside. More follow through for next couple ...

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Small caps under pressure again

The bounce from a minor correction was relentless. But in one day most of the gains on small caps were wiped out. Will there be another att...