Thursday’s Top Names
Reported “Scuds”
from Intel and North Korea kept the market from flexing any real fire power of
its own on Wednesday. Although the ETFs
were all able to finish modestly higher, very light volume was a sign that
“The Generals” were not on the frontlines in today’s trade.
However,
in light of Intel’s less-than-stellar forecast for the semiconductor industry
and the news of missiles found on board a N. Korean vessel heading to the Middle
East, this would suggest positive momentum for the markets heading into
tomorrow’s session. Remember though, with all the enemies lurking out there,
it’s always good to have trusted friends such as TM’s Nightly Daytraders Report
so you’re prepared to attack the marketplace from both sides of the
battlefield.
Hottest Sectors (HOLDRs): Software
(
SWH |
Quote |
Chart |
News |
PowerRating) and Healthcare
(
$HMO.X |
Quote |
Chart |
News |
PowerRating)
Weakest Sectors (HOLDRs): Retail
(
RTH |
Quote |
Chart |
News |
PowerRating) and Oil
Services
(
OIH |
Quote |
Chart |
News |
PowerRating)
Thursday’s HELVETICA>stocks to watch:
High
RS issues
closing in Top of Range.
Stocks are scanned from 3 Month RS of 80 or higher
and TM’s Proprietary and Technology 10 Momentum lists on the Indicators page.
size=2>Name | class=890430920-15102001>Symbol | class=890430920-15102001>Relative Strength | class=890430920-15102001> size=2>Price | class=890430920-15102001>Average Volume | class=890430920-15102001>Today’s Volume |
| Haliburton | ( HAL | Quote | Chart | News | PowerRating) | 88 | 20.40 | 4,140,000 | 10,113,000 |
| OmniVision | ( OVTI | Quote | Chart | News | PowerRating) | 98 | 18,75 | 822,000 | 2,176,000 |
| Eastman Kodak | ( EK | Quote | Chart | News | PowerRating) | 83 | 38.22 | 2,476,000 | 3,724,900 |
Weak RS issues closing in
Bottom of Range.
Stocks
are scanned from 3 Month RS of 20 or lower and TM’s Implosion and Technology
Implosion Lists on the Indicators page.
| color=#ffffff size=2>Company Name | class=890430920-15102001>Symbol | class=890430920-15102001>Relative Strength | class=890430920-15102001> size=2>Price | class=890430920-15102001>Average Volume | class=890430920-15102001>Today’s Volume |
| Electronic Arts | ( ERTS | Quote | Chart | News | PowerRating) | 28 | 60,68 | 5,300,000 | 14,247,000 |
| Amerisourcebergen | ( ABC | Quote | Chart | News | PowerRating) | 13 | 57.15 | 1,850,000 | 4,617,000 |
| Kimberly Clark | ( KMB | Quote | Chart | News | PowerRating) | 11 | 46.78 | 2,300,000 | 9,038,000 |
High RS issues with Volume
Surge in last hour.
Stocks are scanned from 3 Month
RS of 80 or higher and TM’s Proprietary and Technology 10 Momentum lists on the
Indicators page.
size=2>Name | class=890430920-15102001>Symbol | class=890430920-15102001>Relative Strength | class=890430920-15102001> size=2>Price | class=890430920-15102001>Average Volume | class=890430920-15102001>Today’s Volume |
| Staples | ( SPLS | Quote | Chart | News | PowerRating) | 86 | 19.29 | 5,475,000 | 4,500,000 |
| Columbia Sportswear | ( COLM | Quote | Chart | News | PowerRating) | 72 | 46.20 | 344,000 | 476,400 |
| Holywood Entertainment | ( HLYW | Quote | Chart | News | PowerRating) | 84 | 19.93 | 1,340,000 | 940,712 |
Weak RS issues with
Volume Surge in last hour.
Stocks are scanned
from 3 Month RS of 20 or lower and TM’s Implosion and Technology Implosion Lists
on the Indicators page.
| color=#ffffff size=2>Company Name | class=890430920-15102001>Symbol | class=890430920-15102001>Relative Strength | class=890430920-15102001> size=2>Price | class=890430920-15102001>Average Volume | class=890430920-15102001>Today’s Volume |
| Investors Financial Services | ( IFIN | Quote | Chart | News | PowerRating) | 19 | 27.40 | 671,000 | 1,461,000 |
| Nike | ( NKE | Quote | Chart | News | PowerRating) | 39 | 43.16 | 1,600,000 | 1,095,000 |
Stocks in Slim
Jims
High RS at or near high.
class=890430920-15102001>Stocks are
scanned from 3 Month RS of 80 or higher and TM’s Proprietary and Technology 10
Momentum lists on the Indicators page.
| color=#ffffff size=2>Company Name | class=890430920-15102001>Symbol | class=890430920-15102001>Relative Strength | class=890430920-15102001> size=2>Price | class=890430920-15102001>Average Volume | class=890430920-15102001>Today’s Volume |
| United Online | ( UNTD | Quote | Chart | News | PowerRating) | 90 | 16.60 | 926,000 | 944,688 |
| Lexmark | ( LXK | Quote | Chart | News | PowerRating) | 82 | 64.77 | 1,760,000 | 1,320,000 |
Weak RS issues near lows.
Stocks
are scanned from 3 Month RS of 20 or lower and TM’s Implosion and Technology
Implosion Lists on the Indicators page.
| color=#ffffff size=2>Company Name | class=890430920-15102001>Symbol | class=890430920-15102001>Relative Strength | class=890430920-15102001> size=2>Price | class=890430920-15102001>Average Volume | class=890430920-15102001>Today’s Volume |
| Deluxe Corp | ( DLX | Quote | Chart | News | PowerRating) | 19 | 41.86 | 400,000 | 506,000 |
| Comerica | ( CMA | Quote | Chart | News | PowerRating) | 14 | 43,57 | 1,720,000 | 1,368,000 |
Best of luck with your trading Thursday. Please use
protective stops on trades.