Tuesday’s Hit List

The indices were hammered in Monday’s session for
a solid trend day to the downside. They all closed on their low tick, so be
aware of potential continuation early in Tuesday’s trading. The bias appears to
the the short side, but keep some long candidates in mind in case we get a
“reversal of the reversal” like we did on October 18. The Nasdaq
Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating)
is hugging its upward trendline, which could give us a
bounce if the market stabilizes.

Hottest Sectors: Utilities
(
$UTX.X |
Quote |
Chart |
News |
PowerRating)

and Gold
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)

Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
,
Computer Tech
(
$XCI.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

Name



Symbol


Relative Strength



Price


Average Volume



Today’s Volume

MSCI
Inc.

(
MCSI |
Quote |
Chart |
News |
PowerRating)
95 23.99
370,477

1,155,400
Apache Corp.

(
APA |
Quote |
Chart |
News |
PowerRating)
84 54.42 1,665,813 2,898,100
Baker
Hughes

(
BHI |
Quote |
Chart |
News |
PowerRating)
84 37.71
2,515,122

4,162,700
Chiron
(
CHIR |
Quote |
Chart |
News |
PowerRating)
83 53.23 2,210,704 4,494,300

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


Boeing

(
BA |
Quote |
Chart |
News |
PowerRating)
5 33.76
6,703,600

9,806,500
PanAmSat Corp.
(
SPOT |
Quote |
Chart |
News |
PowerRating)
7 20.73 923,677 1,189,700
King
Pharmaceuticals

(
KG |
Quote |
Chart |
News |
PowerRating)
15 37.01
1,728,654

3,173,200
Bed, Bath and Beyond
(
BBBY |
Quote |
Chart |
News |
PowerRating)
18 24.30 3,878,922 6,000,300


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


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume


Michael’s Stores

(
MIKE |
Quote |
Chart |
News |
PowerRating)
93 52.01
628,831

605,200
Applied Biosystems
(
ABI |
Quote |
Chart |
News |
PowerRating)
86 29.60 1,283,672 736,800
Chiron
(
CHIR |
Quote |
Chart |
News |
PowerRating)
83 53.23 2,210,704 4,494,300
Avnet
(
AVT |
Quote |
Chart |
News |
PowerRating)
80 21.05 516,549 345,100

Stocks in Slim Jims

High RS at
or near high


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Transkaryotic Therapies
(
TKTX |
Quote |
Chart |
News |
PowerRating)
96 38.03 355,257 264,000
Mohawk Industries
(
MHK |
Quote |
Chart |
News |
PowerRating)
80 45.56 324,625 286,100
Apache Corp.

(
APA |
Quote |
Chart |
News |
PowerRating)
84 54.42 1,665,813 2,898,100

Low RS at
or near low


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Gemstar-TV Guide
(
GMST |
Quote |
Chart |
News |
PowerRating)
3 20.14 4,560,437 10,433,600
King Pharmaceuticals
(
KG |
Quote |
Chart |
News |
PowerRating)

15
37.01 1,728,654 3,173,200
SEI Investments
(
SEIC |
Quote |
Chart |
News |
PowerRating)
16 31.98 652,111 521,800

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