Monday’s Top Names
In spite of the marginal net gains in the
indices, all made lower highs and lower lows in Friday’s session, giving
credence to the five down arrows from Thursday night’s
Market Bias page. The charts still appear to be exhibiting vulnerability, so
keep your focus on that side and go long only with the strongest issues. The
market has been strong off the September low, with five corrections lasting at
least two trading days. Look for Monday to be day two in the latest pullback. If
it is not, go with the trend.
Hottest Sectors: Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating)
Monday’s stocks to
watch:
3 Month RS of 80 and higher and close in top
part of
range
|
Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Automatic Data Processing |
( ADP | Quote | Chart | News | PowerRating) |
86 | 54.34 | 1,887,743 |
744,500 |
| Broadcom | ( BRCM | Quote | Chart | News | PowerRating) |
95 | 43.73 | 3,35,3672 | 17,293,600 |
McAfee.com |
( MCAF | Quote | Chart | News | PowerRating) |
98 | 26.18 | 378,208 |
359,500 |
| Nvidia | ( NVDA | Quote | Chart | News | PowerRating) |
94 | 53.11 | 975,215 | 580,500 |
Â
3 Month RS of 20 or lower
and close in bottom part of range
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Cima Labs | ( CIMA | Quote | Chart | News | PowerRating) |
1 | 30.05 | 518,191 | 1,284,600 |
| Elan Corp. | ( ELN | Quote | Chart | News | PowerRating) |
9 | 42.81 | 1,604,874 | 7,286,300 |
Optimal Robotics |
( OPMR | Quote | Chart | News | PowerRating) |
3 | 22.45 | 970,717 |
2,627,700 |
| Syncor International | ( SCOR | Quote | Chart | News | PowerRating) |
19 | 27.04 | 366,814 | 439,700 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Aviron |
( AVIR | Quote | Chart | News | PowerRating) |
94 | 31.72 | 659,254 |
345,300 |
| Alaska Airlines | ( ALK | Quote | Chart | News | PowerRating) |
89 | 25.53 | 343,768 | 381,000 |
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Genentech | ( DNA | Quote | Chart | News | PowerRating) |
88 | 53.33 | 2,153,785 | 4,392,800 |
McAfee.com |
( MCAF | Quote | Chart | News | PowerRating) |
98 | 26.18 | 378,208 |
359,500 |
| QLogic | ( QLGC | Quote | Chart | News | PowerRating) |
96 | 46.00 | 10,413,394 | 10,910,600 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Adelphia Communications | ( ADLAC | Quote | Chart | News | PowerRating) |
5 | 20.98 | 2,137,948 | 25,122,100 |
| Adobe Systems | ( ADBE | Quote | Chart | News | PowerRating) |
17 | 28.79 | 4,521,857 | 3,221,800 |
| Cima Labs | ( CIMA | Quote | Chart | News | PowerRating) |
1 | 30.05 | 518,191 | 1,284,600 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.