Monday’s Top Names
Friday’s action saw the Dow
Industrials undercut the September low and close at its lowest level since
October of 1998. If we don’t have some
fear starting to creep into the market psyche at this point, we soon will.
Continue to trade in the direction the big boys want to take this thing, but be
poised for a bounce as volatility reverts back to the mean.
Hottest Sectors: Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) and Banks
(
$BKX.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 |
| W.R. Berkley Corp. | ( BER | Quote | Chart | News | PowerRating) |
94 | 32.46 | 125,043 | 460,300 |
| Insight Enterprises | ( NSIT | Quote | Chart | News | PowerRating) |
94 | 15.69 | 636,031 | 3,756,500 |
| The PMI Group |
( PMI | Quote | Chart | News | PowerRating) |
99 | 32.00 | 352,678 |
976,600 |
| United Parcel Service | ( UPS | Quote | Chart | News | PowerRating) |
85 | 67.00 | 2,352,272 | 68,732,400 |
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 |
| Alliance Capital | ( AC | Quote | Chart | News | PowerRating) |
17 | 29.25 | 354,088 | 364,700 |
| Affiliated Managers Group | ( AMG | Quote | Chart | News | PowerRating) |
18 | 43.65 | 320,917 | 1,373,500 |
| Cymer, Inc. |
( CYMI | Quote | Chart | News | PowerRating) |
6 | 29.02 | 1,705,229 |
2,111,800 |
| Hotels.com | ( ROOM | Quote | Chart | News | PowerRating) |
16 | 38.61 | 941,220 | 701,300 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| eBay | ( EBAY | Quote | Chart | News | PowerRating) |
92 | 59.45 | 8,764,485 | 41,487,500 |
| Principal Financial Group | ( PFG | Quote | Chart | News | PowerRating) |
88 | 27.95 | 7,764,271 | 91,582,800 |
| Dell Computer | ( DELL | Quote | Chart | News | PowerRating) |
90 | 25.08 | 29,653,595 | 34,768,400 |
| HCA, Inc. | ( HCA | Quote | Chart | News | PowerRating) |
82 | 43.10 | 2,600,792 | 3,988,400 |
Â
3 Month RS of 20 and lower with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| L-3 Communications | ( LLL | Quote | Chart | News | PowerRating) |
19 | 43.07 | 3,474,238 | 3,000,800 |
| Masco | ( MAS | Quote | Chart | News | PowerRating) |
20 | 21.10 | 3,918,561 | 3,461,600 |
General Motors |
( GM | Quote | Chart | News | PowerRating) |
11 | 42.57 | 7,456,600 |
9,962,100 |
| Pfizer | ( PFE | Quote | Chart | News | PowerRating) |
17 | 26.82 | 67,904,566 | 82,556,300 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| ATT Canada | ( ATTC | Quote | Chart | News | PowerRating) |
95 | 31.75 | 615,429 | 2,312,900 |
| The PMI Group | ( PMI | Quote | Chart | News | PowerRating) |
99 | 32.00 | 352,678 | 976,600 |
| Taro Pharmaceuticals | ( TARO | Quote | Chart | News | PowerRating) |
88 | 25.25 | 533,618 | 272,500 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Fluor Corp. | ( FLR | Quote | Chart | News | PowerRating) |
15 | 29.11 | 416,535 | 759,000 |
| Greater Bay Bancorp | ( GBBK | Quote | Chart | News | PowerRating) |
10 | 22.80 | 1,006,571 | 1,193,600 |
| Textron | ( TXT | Quote | Chart | News | PowerRating) |
15 | 36.43 | 620,577 | 589,200 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.