Monday’s Top Names
After trading positive for the past couple of
weeks and offering traders some decent returns, the markets took a break
today due mostly to profit taking. The market was in negative territory all day
and the selling increased in the afternoon. Prior to today’s opening the Dow
Jones Industrial Average
(
$INDU |
Quote |
Chart |
News |
PowerRating) and the Nasdaq
(
$COMPQ |
Quote |
Chart |
News |
PowerRating)
have gained 13% and 18% respectively, from the August 5 lows. The S&P 500 put in
its fifth week in a row gain since the year 2000. Next week will technically be
the last week of Summer as Labor Day is next weekend. The volume will probably
non-climactic until the following week.
Very few sectors were positive, two noteworthy being: Gold
(
$XAU.X |
Quote |
Chart |
News |
PowerRating) and Food
The weak sectors were: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating),
Semi Equipment, Software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating), Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating), Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating),
Drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating), Autos, Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating), Rail, Banks
(
$BTK.X |
Quote |
Chart |
News |
PowerRating),
Brokers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating), Tobacco, Retail and Storage
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 |
| New Century Financial | ( NCEN | Quote | Chart | News | PowerRating) |
97 | 29.96 | 443,146 | 357,440 |
| Hovanian Enterprises | ( HOV | Quote | Chart | News | PowerRating) |
90 | 31.12 | 293,047 | 309,000 |
| IBM | ( IBM | Quote | Chart | News | PowerRating) |
88 | 80.40 | 9,003,352 |
5,909,400 |
| International Game Technolohy | ( IGT | Quote | Chart | News | PowerRating) |
92 | 66.11 | 1,187,220 | 649,900 |
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 |
| Interpublic Group | ( IPG | Quote | Chart | News | PowerRating) |
2 | 19.05 | 2,331,338 | 2,522,200 |
| Petco | ( PETC | Quote | Chart | News | PowerRating)] |
14 | 19.99 | 308,779 | 1,579,500 |
| Shaw Group |
( SGR | Quote | Chart | News | PowerRating) |
1 | 16.40 | 896,428 |
875,100 |
| Shopko | ( SKO | Quote | Chart | News | PowerRating) |
14 | 15.82 | 225,462 | 287,600 |
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 | 89 | 60.14 | 7,531,518 | 4,823,089 |
| Intuit | INTU | 93 | 45.81 | 3,301.066 | 2,801,850 |
3 Month RS of 20 and lower
with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Adobe | ADBE | 18 | 20.48 | 4,209,949 | 1,916,125 |
| McDonalds | MCD | 20 | 24.15 | 5,041,116 | 2,833,100 |
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Entergy | ( ETR | Quote | Chart | News | PowerRating) |
81 | 43.54 | 852,001 | 543,500 |
| Deere & Company | ( DE | Quote | Chart | News | PowerRating) |
88 | 47.04 | 816,036 | 508,100 |
| Deluxe Corp | ( DLX | Quote | Chart | News | PowerRating) |
94 | 46.32 | 394,646 | 408,100 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Sealed Air | ( SEE | Quote | Chart | News | PowerRating) |
1 | 15.82 | 1,372,700 | 773,220 |
| Transocean | ( RIG | Quote | Chart | News | PowerRating) |
15 | 20.10 | 406,072 | 194,371 |
| Maytag | ( MYG | Quote | Chart | News | PowerRating) |
14 | 32.50 | 518,747 | 535,400 |
Best of luck with your trading. Please use
protective stops on trades.