Monday’s Top Names

The indices managed to hold their own in Friday’s
session, and the Dow Industrials
(
$INDU |
Quote |
Chart |
News |
PowerRating)
managed to eke out a positive
close. The bias still appears to be to the upside, but as always, be ready to
switch direction in the event it doesn’t materialize. Just because there are two
arrows pointing up on the

Market Bias Indicators
page does not mean traders can ignore the short side.

Hottest Sectors:
Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating)
and Transports
(
$TRX.X |
Quote |
Chart |
News |
PowerRating)
.

Weakest Sectors: Banking Sectors
(
$BKX.X |
Quote |
Chart |
News |
PowerRating)

and
(
$BIX.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


Biovail Corp.

(
BVF |
Quote |
Chart |
News |
PowerRating)
82 54.71
933,557

1,432,100
Cephalon
(
CEPH |
Quote |
Chart |
News |
PowerRating)
86 72.74 1,152,686 1,161,800
eBay

(
EBAY |
Quote |
Chart |
News |
PowerRating)
90 68.07
8,966,949

8,402,600
International Game Technology
(
IGT |
Quote |
Chart |
News |
PowerRating)
84 61.99 1,377,326 1,640,900

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

Astoria Financial
(
ASFC |
Quote |
Chart |
News |
PowerRating)
10 49.67 592,894 1,132,400
Chiron
(
CHIR |
Quote |
Chart |
News |
PowerRating)
8 43.42 2,856,485 2,907,200
Dime
Bancorp

(
DME |
Quote |
Chart |
News |
PowerRating)
17 34.52
741,262

498,200
Shire Pharmaceuticals
(
SHPGY |
Quote |
Chart |
News |
PowerRating)
3 35.90 1,003,831 521,800


3 Month RS of 80
and higher with volume surge in last hour


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Gemstar-TV Guide
(
GMST |
Quote |
Chart |
News |
PowerRating)
81 27.73 4,502,214 5,281,000
Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating)
83 57.45 2,750,904 1,957,000
Best Buy
(
BBY |
Quote |
Chart |
News |
PowerRating)
89 71.39 3,614,114 3,505,600
Tyco International
(
TYC |
Quote |
Chart |
News |
PowerRating)
82 58.80 13,300,290 21,767,000

Stocks in Slim Jims

High RS at
or near high


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Best Buy
(
BBY |
Quote |
Chart |
News |
PowerRating)
89 71.39 3,614,114 3,505,600

Biovail Corp.

(
BVF |
Quote |
Chart |
News |
PowerRating)
82 54.71
933,557

1,432,100
Anchor Gaming
(
SLOT |
Quote |
Chart |
News |
PowerRating)
84 60.90 316,754 865,700

Low RS at
or near low


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Dime Bancorp
(
DME |
Quote |
Chart |
News |
PowerRating)
17 34.52 741,262 498,200
Optimal Robotics
(
OPMR |
Quote |
Chart |
News |
PowerRating)
1 26.30 882,997 589,300
Syncor International
(
SCOR |
Quote |
Chart |
News |
PowerRating)
4 26.03 339,018 983,100

Best of luck with your trading Monday. Please use
protective stops on trades.