Here Are Thursday’s Top Names
Ultra light volume and
contracting volatility in the ETF’s offered very little in the form of early
Christmas gifts to market participants today. The
broader averages all finished down in the abbreviated holiday session between .5
and 1%. A weak sales report out of Target
(
TGT |
Quote |
Chart |
News |
PowerRating) and a disappointing Durable
Goods report were the main Grinches (culprits) in today’s trade.Â
With lackluster volume and range in today’s
session, Reindeer games were being offered by market makers to any willing
participants, but this produced little more than the opportunity for the smart
daytrader to spend some extra time with his or her family. The technical picture
remains intact, and with the Generals already (….’not a creature was
stirring’….) very far from the canyons of Wall Street I will bid you a very
merry holiday. See you on Thursday.
Hottest Sectors (HOLDR’s):Â Pharmaceuticals
(
PPH |
Quote |
Chart |
News |
PowerRating) and Utilities
(
UTH |
Quote |
Chart |
News |
PowerRating)
Weakest Sectors (HOLDR’s): Telecom
(
TTH |
Quote |
Chart |
News |
PowerRating) and Oil
Services
(
OIH |
Quote |
Chart |
News |
PowerRating)
Thursday’s HELVETICA>stocks to watch:
High
RS issues
closing in Top of Range.
Stocks are scanned from 3 Month RS of 80 or higher
and TM’s Proprietary and Technology 10 Momentum lists on the Indicators page.
size=2>Name | class=890430920-15102001>Symbol | class=890430920-15102001>Relative Strength | class=890430920-15102001> size=2>Price | class=890430920-15102001>Average Volume | class=890430920-15102001>Today’s Volume |
| Panera Bread | ( PNRA | Quote | Chart | News | PowerRating) | 80 | 36.24 | 663,000 | 184,800 |
| ADTRAN | ( ADTN | Quote | Chart | News | PowerRating) | 94 | 31.72 | 506,000 | 156,000 |
| American Capital Strategies | ( ACAS | Quote | Chart | News | PowerRating) | 82 | 22.95 | 633,000 | 408,000 |
Weak RS issues closing in
Bottom of Range.
Stocks
are scanned from 3 Month RS of 20 or lower and TM’s Implosion and Technology
Implosion Lists on the Indicators page.
class=890430920-15102001>
size=2>Name | class=890430920-15102001>Symbol | class=890430920-15102001>Relative Strength | class=890430920-15102001> size=2>Price | class=890430920-15102001>Average Volume | class=890430920-15102001>Today’s Volume |
| Autozone | ( AZO | Quote | Chart | News | PowerRating) | 17 | 69.90 | 1,365,000 | 425,000 |
| SPX Corp. | ( SPW | Quote | Chart | News | PowerRating) | 7 | 36.60 | 1,540,000 | 225,000 |
| Costco | ( COST | Quote | Chart | News | PowerRating) | 11 | 27.24 | 6,091,000 | 3,130,000 |
Â
High RS issues with Volume
Surge in last hour.
Stocks are scanned from 3 Month
RS of 80 or higher and TM’s Proprietary and Technology 10 Momentum lists on the
Indicators page.
None Today
Weak RS issues with
Volume Surge in last hour.Â
Stocks are scanned
from 3 Month RS of 20 or lower and TM’s Implosion and Technology Implosion Lists
on the Indicators page.
None Today
Stocks in Slim
Jims
High RS Slim Jims.
class=890430920-15102001>Stocks are
scanned from 3 Month RS of 80 or higher and TM’s Proprietary and Technology 10
Momentum lists on the Indicators page.
size=2>Name | class=890430920-15102001>Symbol | class=890430920-15102001>Relative Strength | class=890430920-15102001> size=2>Price | class=890430920-15102001>Average Volume | class=890430920-15102001>Today’s Volume |
| CBRL Group | ( CBRL | Quote | Chart | News | PowerRating) | 85 | 29.95 | 612,900 | 413,000 |
Â
Weak RS Slim Jimsclass=890430920-15102001>.Â
class=890430920-15102001>Stocks
are scanned from 3 Month RS of 20 or lower and TM’s Implosion and Technology
Implosion Lists on the Indicators page.
size=2>Name | class=890430920-15102001>Symbol | class=890430920-15102001>Relative Strength | class=890430920-15102001> size=2>Price | class=890430920-15102001>Average Volume | class=890430920-15102001>Today’s Volume |
| CDW Computer | ( CDWC | Quote | Chart | News | PowerRating) | 25 | 42.49 | 2,086,000 | 499,000 |
| Abbott Labs | ( ABT | Quote | Chart | News | PowerRating) | 16 | 37.68 | 4,017,000 | 2,152,700 |
Â
Best of luck with your trading Thursday. Please use
protective stops on trades.