Monday’s Top Names

Friday’s push downward in the
three major indices leaves the markets in a vulnerable position.

On Monday, the shorts should be in focus as that
direction appears to be the path of least resistance. If we happen to get buyers
to show up, all the better. Friday gave us some good trading in both directions,
which is the daytraders ideal.

Hottest Sectors: None.

Weakest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating)
and the
Consumer Index
(
$CMR.X |
Quote |
Chart |
News |
PowerRating)
.

Monday’s stocks to
watch:


3 Month RS of 80 and higher and close in top
part of
range


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Alcon
(
ACL |
Quote |
Chart |
News |
PowerRating)
87 38.05 342,303 230,000
Boston Scientific
(
BSX |
Quote |
Chart |
News |
PowerRating)
86 31.48 2,122,440 3,345,900

Steris

(
STE |
Quote |
Chart |
News |
PowerRating)
95 23.75
487,991

981,000
Taro Pharmaceuticals
(
TARO |
Quote |
Chart |
News |
PowerRating)
98 34.90 469,629 840,984

 

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

Alaska Airlines
(
ALK |
Quote |
Chart |
News |
PowerRating)
17 17.30 218,998 843,100
Cigna Corp.
(
CI |
Quote |
Chart |
News |
PowerRating)
18 71.96 999,595 780,900

General Motors

(
GM |
Quote |
Chart |
News |
PowerRating)
19 39.79
5,430,642

5,740,200
MGIC Investments
(
MTG |
Quote |
Chart |
News |
PowerRating)
5 40.42 1,096,680 1,439,900


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


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Johnson & Johnson
(
JNJ |
Quote |
Chart |
News |
PowerRating)
82 55.10 10,287,052 9,142,200
United Parcel Service
(
UPS |
Quote |
Chart |
News |
PowerRating)
81 62.67 6,024,791 2,727,200
Lennar Corp.
(
LEN |
Quote |
Chart |
News |
PowerRating)
82 56.00 1,824,405 1,612,600
Sysco Corp.
(
SYY |
Quote |
Chart |
News |
PowerRating)
92 29.54 2,475,346 3,144,000

 

3 Month RS of 20 and lower with volume surge in last hour


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Computer Sciences Corp.
(
CSC |
Quote |
Chart |
News |
PowerRating)
6 26.03 1,334,238 1,336,400
Safeway Stores
(
SWY |
Quote |
Chart |
News |
PowerRating)
15 22.24 3,377,449 3,341,900
First Data Corp.
(
FDC |
Quote |
Chart |
News |
PowerRating)
20 28.30 4,271,911 3,799,700
Public Service Enterprise Group
(
PEG |
Quote |
Chart |
News |
PowerRating)
19 30.05 1,204,411 1,577,800

Stocks in Slim Jims

High RS at
or near high


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Lexmark
(
LXK |
Quote |
Chart |
News |
PowerRating)
81 48.49 1,421,695 1,853,600
Steris
(
STE |
Quote |
Chart |
News |
PowerRating)
95 23.75 487,991 981,000
Universal Health
(
UHS |
Quote |
Chart |
News |
PowerRating)
89 51.40 559,718 737,200

 

Low RS at
or near low


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Nationwide Financial Services
(
NFS |
Quote |
Chart |
News |
PowerRating)
14 26.45 184,557 167,300
Siemens
(
SI |
Quote |
Chart |
News |
PowerRating)
14 34.88 350,782 266,700
Weyerhauser
(
WY |
Quote |
Chart |
News |
PowerRating)
14 43.99 1,314,311 1,695,000

 

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