Friday’s Hit List
The indices mounted a monumental rally after
gapping down on the open, leaving bullish bars on all of their charts. However,
beware of going long blindly as we have both a CVR II and CVR III VIX
(
$VIX.X |
Quote |
Chart |
News |
PowerRating)
reversal setup tonight to the downside. Continue to monitor market dynamics and
trade the appropriate trend, however long it lasts, after it develops.
Flexibility is the key.
Leading sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating),
Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) and Technology
(
$PSE.X |
Quote |
Chart |
News |
PowerRating)
Weak sectors: Chemicals
(
$CEX.X |
Quote |
Chart |
News |
PowerRating) and Drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating)
Friday’s stocks
to watch:
3 Month RS of 90 and higher and close in top of
range
Â
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Nvidia |
( NVDA | Quote | Chart | News | PowerRating) |
98 | 49.31 | 9,692,263 |
9,129,300 |
| WebEx Communications |
( WEBX | Quote | Chart | News | PowerRating) |
95 | 34.35 | 1,761,204 | 1,677,700 |
Celgene |
( CELG | Quote | Chart | News | PowerRating) |
93 |
32.12 | 1,366,995 |
2,540,800 |
| Check Point Software | ( CHKP | Quote | Chart | News | PowerRating) |
90 | 33.33 | 11,176,536 | 11,677,600 |
Â
3 Month RS of 20 or lower
and close in bottom of range
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
United Health |
( UHS | Quote | Chart | News | PowerRating) |
18 | 41.00 | 493,354 |
1,143,400 |
| Express Scripts | ( ESRX | Quote | Chart | News | PowerRating) |
3 | 40.30 | 3,014,722 | 2,373,700 |
Americredit |
( ACF | Quote | Chart | News | PowerRating) |
1 | 19.00 | 2,103,075 |
4,644,000 |
Â
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Symantec |
( SYMC | Quote | Chart | News | PowerRating) |
98 | 59.25 | 3,681,181 |
2,961,100 |
| Gilead Sciences |
( GILD | Quote | Chart | News | PowerRating) |
95 | 68.80 | 3,669,005 | 2,503,000 |
Cubist Pharmaceuticals |
( CBST | Quote | Chart | News | PowerRating) |
91 | 40.05 | 629,200 |
470,600 |
| Electronics Boutique Holdings | ( ELBO | Quote | Chart | News | PowerRating) |
84 | 32.03 | 898,227 | 385,800 |
Â
Stocks in Slim Jims
At or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Advanced Fibre Communications | ( AFCI | Quote | Chart | News | PowerRating) |
93 | 20.55 | 2,453,925 | 925,900 |
| BJ Services | ( BJS | Quote | Chart | News | PowerRating) |
92 | 25.65 | 2,869,645 | 3,618,300 |
| Intermune | ( ITMN | Quote | Chart | News | PowerRating) |
90 | 45.04 | 372,398 | 874,400 |
Â
At or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Express Scripts | ( ESRX | Quote | Chart | News | PowerRating) |
3 | 40.30 | 3,014,722 | 2,373,700 |
| Radian Group | ( RDN | Quote | Chart | News | PowerRating) |
9 | 33.55 | 702,358 | 1,195,400 |
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Best of luck with your trading Friday. Please use
protective stops on trades.