Monday’s Top Names
Two CVR sell signals from
Friday night’s
Market Bias Indicators (CVR II and CVR VI) in conjunction with the
TradingMarkets Momentum Index Indicator keeps the bias to the downside.
Make this your primary focus and initiate any longs
as they exhibit follow through. This is a tough environment, so if you have been
hitting a string of losers lately, keep your chin up.
Hottest Sectors:
Banks
(
$BIX.X |
Quote |
Chart |
News |
PowerRating) and Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Telecom
(
$XTC.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 |
| Documentum | ( DCTM | Quote | Chart | News | PowerRating) |
89 | 25.50 | 831,000 | 2,372,100 |
| DR Horton | ( DHI | Quote | Chart | News | PowerRating) |
92 | 27.66 | 1,374,445 | 3,758,900 |
Lennar Corp. |
( LEN | Quote | Chart | News | PowerRating) |
91 | 54.50 | 1,469,746 |
3,147,700 |
| Ryland Group | ( RYL | Quote | Chart | News | PowerRating) |
94 | 89.32 | 521,142 | 756,200 |
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 |
| Autozone | ( AZO | Quote | Chart | News | PowerRating) |
12 | 68.60 | 1,166,445 | 523,300 |
| Biogen | ( BGEN | Quote | Chart | News | PowerRating) |
9 | 50.29 | 3,154,922 | 5,209,600 |
Internet Security Systems |
( ISSX | Quote | Chart | News | PowerRating) |
14 | 25.89 | 2,864,426 |
2,608,200 |
| Qualcomm | ( QCOM | Quote | Chart | News | PowerRating) |
7 | 40.47 | 15,866,611 | 8,875,500 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Scios | ( SCIO | Quote | Chart | News | PowerRating) |
95 | 31.36 | 845,418 |
3,630,200 |
| MGM Mirage | ( MGG | Quote | Chart | News | PowerRating) |
87 | 36.65 | 814,850 | 401,600 |
| United Rentals | ( URI | Quote | Chart | News | PowerRating) |
96 | 26.35 | 831,940 | 1,304,100 |
| Abercrombie and Fitch | ( ANF | Quote | Chart | News | PowerRating) |
82 | 30.20 | 1,567,495 | 1,506,200 |
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 |
| Bristol Meyers-Squibb | ( BMY | Quote | Chart | News | PowerRating) |
19 | 40.10 | 9,872,595 | 13,798,300 |
| Regeneron Pharmaceuticals | ( REGN | Quote | Chart | News | PowerRating) |
13 | 24.68 | 388,309 | 323,100 |
| UTStarcom | ( UTSI | Quote | Chart | News | PowerRating) |
8 | 23.76 | 1,780,395 | 536,800 |
| Microsoft | ( MSFT | Quote | Chart | News | PowerRating) |
13 | 60.43 | 27,135,445 | 26,017,600 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| DR Horton | ( DHI | Quote | Chart | News | PowerRating) |
92 | 27.66 | 1,374,445 | 3,758,900 |
| Lennar Corp. | ( LEN | Quote | Chart | News | PowerRating) |
91 | 54.50 | 1,469,746 | 3,147,700 |
| Pulte Homes | ( PHM | Quote | Chart | News | PowerRating) |
81 | 49.51 | 628,554 | 1,165,900 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Abgenix | ( ABGX | Quote | Chart | News | PowerRating) |
2 | 20.74 | 2,285,326 | 1,756,500 |
| Biotech Holders | ( BBH | Quote | Chart | News | PowerRating) |
15 | 126.50 | 1,313,140 | 1,473,400 |
| Smithfield Foods | ( SFD | Quote | Chart | News | PowerRating) |
16 | 25.57 | 539,535 | 310,200 |
Â
Best of luck with your trading Monday. Please use
protective stops on trades.