Monday’s Top Names
The indices continue to make lower highs and
lower lows,
but as of Friday’s close, we have three arrows pointing up on the
Market Bias Indicators page. What this is saying is that while the market has
been heading down, there is a chance we could push back to the upside out of the
pullback. Based on Friday’s strong action until the final hour, I am not
convinced that the probability is high. However, with possible news on the
horizon, be disciplined enough to trade what you see, and go with whichever
direction they choose to take it.
Hottest Sectors:
Retail
(
$RLX.X |
Quote |
Chart |
News |
PowerRating) and Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and
Biotechs
(
$BTK.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 |
Genesis Microchip |
( GNSS | Quote | Chart | News | PowerRating) |
98 | 69.81 | 2,505,188 |
3,132,000 |
| InVision Technologies | ( INVN | Quote | Chart | News | PowerRating) |
99 | 45.50 | 2,744,700 | 3,136,400 |
Marvell Technologies |
( MRVL | Quote | Chart | News | PowerRating) |
96 | 38.30 | 2,491,872 |
6,081,800 |
| Nvidia | ( NVDA | Quote | Chart | News | PowerRating) |
91 | 65.64 | 9,843,906 | 6,145,100 |
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 |
| Alpha Industries | ( AHAA | Quote | Chart | News | PowerRating) |
14 | 21.20 | 2,767,803 | 3,278,400 |
| AirGate PCS | ( PCSA | Quote | Chart | News | PowerRating) |
20 | 48.75 | 326,588 | 4,543,300 |
| AOL-Time Warner | ( AOL | Quote | Chart | News | PowerRating) |
2 | 32.98 | 21,427,875 |
18,052,400 |
| Cooper Industries | ( CBE | Quote | Chart | News | PowerRating) |
1 | 34.70 | 1,937,035 | 2,168,100 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Genesis Microchip |
( GNSS | Quote | Chart | News | PowerRating) |
98 | 69.81 | 2,505,188 |
3,132,000 |
| InVision Technologies | ( INVN | Quote | Chart | News | PowerRating) |
99 | 45.50 | 2,744,700 | 3,136,400 |
Guidant |
( GDT | Quote | Chart | News | PowerRating) |
88 | 47.15 | 2,238,552 | 1,350,700 |
| Flextronics International | ( FLEX | Quote | Chart | News | PowerRating) |
91 | 25.80 |
11,657,757 |
12,096,700 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Broadcom | ( BRCM | Quote | Chart | News | PowerRating) |
93 | 43.29 | 15,583,037 | 20,220,200 |
Neurocrine Biosciences |
( NBIX | Quote | Chart | News | PowerRating) |
82 | 49.55 | 488,831 |
1,628,300 |
| Sage, Inc. | ( SAGI | Quote | Chart | News | PowerRating) |
98 | 39.31 | 492,017 | 343,600 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Kellogg Company | ( K | Quote | Chart | News | PowerRating) |
13 | 29.56 | 1,026,794 | 1,225,200 |
| AirGate PCS | ( PCSA | Quote | Chart | News | PowerRating) |
20 | 48.75 | 326,588 | 4,543,300 |
| Reliant Energy | ( REI | Quote | Chart | News | PowerRating) |
4 | 24.50 | 1,020,048 | 1,240,000 |
Best of luck with your trading Monday. Please use
protective stops on trades.