Tuesday’s Top Names
The buy signals continue to
point upward, as we have CVR III and VI buy signals on the Market Bias Indicator
page Monday.
The daily charts on the major indices, however,
continue to say something else. Which do we believe? You have to respect both.
The market is oversold, and the CVR’s have not been working out so great lately,
which actually means when they kick in, the move could be huge. As well, the
move on the daily charts could still have some room downward in it left. Keep
candidates ready to go both directions, and go whichever way the big boys decide
to blow the wind.Â
Hottest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating) and Oil
Service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating).
Weakest Sectors: Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) and
Computer Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating).
Tuesday’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 |
| Arkansas Best Food Corp. | ( ABFS | Quote | Chart | News | PowerRating) |
98 | 27.58 | 285,812 | 165,600 |
| Engineered Support Systems | ( EASI | Quote | Chart | News | PowerRating) |
97 | 60.95 | 210,899 | 346,189 |
| L-3 Communications |
( LLL | Quote | Chart | News | PowerRating) |
90 | 56.10 | 2,018,829 |
1,650,200 |
| Sallie Mae | ( SLM | Quote | Chart | News | PowerRating) |
84 | 94.00 | 967,214 | 1,080,000 |
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 |
| Affiliated Managers Group | ( AMG | Quote | Chart | News | PowerRating) |
19 | 43.93 | 355,611 | 375,700 |
| Household International | ( HI | Quote | Chart | News | PowerRating) |
6 | 27.61 | 4,853,586 | 6,598,300 |
KLA-Tencor |
( KLAC | Quote | Chart | News | PowerRating) |
8 | 26.63 | 15,717,586 |
21,677,100 |
| MGIC Investment Group | ( MTG | Quote | Chart | News | PowerRating) |
6 | 40.12 | 1,030,523 | 1,084,700 |
3 Month RS of 80
and higher with volume surge in last hour
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Doral Financial | ( DORL | Quote | Chart | News | PowerRating) |
98 | 24.30 | 332,413 | 422,900 |
| Petco | ( PETC | Quote | Chart | News | PowerRating) |
90 | 21.79 | 327,696 | 840,600 |
Â
3 Month RS of 20 and lower with volume surge in last hour
None Today
Stocks in Slim Jims
High RS at
or near high
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Guidant | ( GDT | Quote | Chart | News | PowerRating) |
89 | 33.73 | 2,581,191 | 2,220,300 |
| Northrup Grumman | ( NOC | Quote | Chart | News | PowerRating) |
80 | 127.19 | 2,004,469 | 1,214,100 |
| Patterson Dental | ( PDCO | Quote | Chart | News | PowerRating) |
92 | 52.20 | 382,798 | 449,757 |
Â
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Baxter International | ( BAX | Quote | Chart | News | PowerRating) |
18 | 31.02 | 4,189,695 | 3,760,200 |
| KLA-Tencor | ( KLAC | Quote | Chart | News | PowerRating) |
8 | 26.63 | 15,717,586 | 21,677,100 |
| Radian Group | ( RDN | Quote | Chart | News | PowerRating) |
12 | 31.45 | 683,623 | 1,636,800 |
Â
Best of luck with your trading Tuesday. Please use
protective stops on trades.