Monday’s Top Names
As of the close of Friday, we have four red
arrows pointing down on the
Market Bias Indicators page, which is an ominous sign for the markets. This
places the short side at the forefront, with some longs in reserve in the event
of a reversal. Keep in mind that trading will likely be thin again on Monday, as
several traders will still be away on vacation through New Year’s day, so moves
may be magnified if the big boys decide to begin paring off some positions.
Hottest Sectors:
Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and Telecommunications
(
$XTC.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Consumer Index
(
$CMR.X |
Quote |
Chart |
News |
PowerRating)
and Computer Technology
(
$XCI.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 |
Applied Biosystems |
( ABI | Quote | Chart | News | PowerRating) |
91 | 40.17 | 1,212,265 |
1,031,200 |
| Cephalon | ( CEPH | Quote | Chart | News | PowerRating) |
85 | 77.58 | 1,617,792 | 1,127,000 |
McAfee.com |
( MCAF | Quote | Chart | News | PowerRating) |
99 | 36.51 | 557,085 |
279,300 |
| Quest Software | ( QSFT | Quote | Chart | News | PowerRating) |
84 | 23.44 | 1,526,929 | 1,887,700 |
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 |
| Bristol-Myers Squibb | ( BMY | Quote | Chart | News | PowerRating) |
9 | 51.80 | 6,086,708 | 6,282,300 |
| ImClone Systems | ( IMCL | Quote | Chart | News | PowerRating) |
3 | 55.25 | 2,100,543 | 6,629,600 |
Coca-Cola |
( KO | Quote | Chart | News | PowerRating) |
16 | 47.17 | 4,391,708 |
4,315,200 |
| Phillip Morris | ( MO | Quote | Chart | News | PowerRating) |
9 | 46.01 | 6.449,685 | 4,247,500 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Getty Images | ( GETY | Quote | Chart | News | PowerRating) |
96 | 23.61 | 450,610 | 916,400 |
| Emmis Communications | ( EMMS | Quote | Chart | News | PowerRating) |
94 | 23.75 | 689,420 | 1,201,600 |
| Network Associates | ( NETA | Quote | Chart | News | PowerRating) |
90 | 25.46 | 3,009,750 | 2,520,500 |
| Dollar Tree Stores | ( DLTR | Quote | Chart | News | PowerRating) |
91 | 31.58 | 1,304,155 | 713,300 |
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Community Health | ( CYH | Quote | Chart | News | PowerRating) |
2 | 24.77 | 767,738 | 337,100 |
| Bellsouth | ( BLS | Quote | Chart | News | PowerRating) |
5 | 38.75 | 3,210,470 | 2,131,900 |
| DTE Energy Company | ( DTE | Quote | Chart | News | PowerRating) |
12 | 41.92 | 674,040 | 384,900 |
| CenturyTel | ( CTL | Quote | Chart | News | PowerRating) |
10 | 32.85 | 446,155 | 331,200 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Business Objects |
( BOBJ | Quote | Chart | News | PowerRating) |
81 | 34.00 | 659,468 |
319,600 |
| Cephalon | ( CEPH | Quote | Chart | News | PowerRating) |
85 | 77.58 | 1,617,792 | 1,127,000 |
| Emmis Communications | ( EMMS | Quote | Chart | News | PowerRating) |
94 | 23.75 | 689,420 | 1,201,600 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Alltel | ( AT | Quote | Chart | News | PowerRating) |
15 | 62.13 | 717,626 | 569,000 |
| Mercury Computer | ( MRCY | Quote | Chart | News | PowerRating) |
5 | 38.75 | 435,878 | 132,700 |
| UST Inc. | ( UST | Quote | Chart | News | PowerRating) |
18 | 34.91 | 562,915 | 318,100 |
Best of luck with your trading Monday. Please use
protective stops on trades.