Tuesday’s Top Names
A threat of another terrorist attack shook the
market early. But later in the session the markets recovered somewhat on growing evidence that Monday morning’s
American Airlines crash in the borough of Queens, New York City, was non-terrorist related. This price action has the
Nasdaq Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating) with a bullish tail higher. While the
S&P 500
(
$SPX |
Quote |
Chart |
News |
PowerRating) did not fare quite as well, it is also tracing out a
bullish tail with a close in the top of the day’s range. A
CVR I buy signal gives us further upside bias to focus on tomorrow.
Remember, however, that the market will be fraught with potential perilous news
events, so keep stops tight on long positions and lock in profits when realized.
Also keep some shorts candidates ready if we do head south – be prepared in
advance. Markets can turn on a dime, most traders cannot.
Hottest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
and Computer Technology
(
$XCI |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Transports
(
$TRX.X |
Quote |
Chart |
News |
PowerRating).
Tuesday’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 |
| Alpha Industries |
( AHAA | Quote | Chart | News | PowerRating) |
91 | 27.95 | 2,408,228 |
3,704,900 |
| Christopher and Banks | ( CHBS | Quote | Chart | News | PowerRating) |
93 | 36.97 | 488,074 | 217,200 |
Genesis Microchip |
( GNSS | Quote | Chart | News | PowerRating) |
96 | 46.86 | 1,830,188 |
2,026,300 |
| Neurocrine Biosciences | ( NBIX | Quote | Chart | News | PowerRating) |
91 | 43.12 | 289,889 | 200,800 |
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 |
| Four Seasons Hotel | ( FS | Quote | Chart | News | PowerRating) |
7 | 33.91 | 362,343 | 1,477,100 |
| Impath | ( IMPH | Quote | Chart | News | PowerRating) |
8 | 32.50 | 329,400 | 359,800 |
Macrovision |
( MVSN | Quote | Chart | News | PowerRating) |
4 | 28.99 | 1,312,715 |
513,000 |
| Pixar | ( PIXR | Quote | Chart | News | PowerRating) |
10 | 33.25 | 325,260 | 487,100 |
Â
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
Numerical Technologies |
( NMTC | Quote | Chart | News | PowerRating) |
88 | 26.10 | 486,204 |
327,00 |
| Silcon Valley Bancshares | ( SIVB | Quote | Chart | News | PowerRating) |
91 | 24.45 | 576,509 | 702,900 |
| Electronics Boutique Holdings | ( ELBO | Quote | Chart | News | PowerRating) |
93 | 36.79 | 579,827 | 747,000 |
| Websense | ( WBSN | Quote | Chart | News | PowerRating) |
99 | 28.15 | 729,000 | 533,500 |
Â
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Activision | ( ATVI | Quote | Chart | News | PowerRating) |
88 | 38.97 | 1,208,846 | 1,249,500 |
Genesis Microchip |
( GNSS | Quote | Chart | News | PowerRating) |
96 | 46.86 | 1,830,188 |
2,026,300 |
| IDEC Pharmaceuticals | ( IDPH | Quote | Chart | News | PowerRating) |
95 | 64.25 | 3,552,748 | 2,220,500 |
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Delta Airlines | ( DAL | Quote | Chart | News | PowerRating) |
8 | 23.27 | 1,744,531 | 6,972,700 |
| The Corporate Executive Board Company | ( EXBD | Quote | Chart | News | PowerRating) |
10 | 29.30 | 483,703 | 580,100 |
| Four Seasons Hotel | ( FS | Quote | Chart | News | PowerRating) |
7 | 33.91 | 362,343 | 1,477,100 |
Â
Best of luck with your trading Tuesday. Please use
protective stops on trades.