Wednesday’s Top Names


Six down arrows on the

Market Bias Indicators
page
are pointing to continuation of Tuesday’s sell
off. Keep this in mind and anticipate the direction, but don’t act until the
momentum reasserts itself. The large range outside day down in the Nasdaq
Composite
(
$COMPX |
Quote |
Chart |
News |
PowerRating)
is another signal the long overdue correction is here.

Hottest Sectors: Oil Index
(
$XOI.X |
Quote |
Chart |
News |
PowerRating)
.

Weakest Sectors: Semiconductors
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)

and Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)
.

Wednesday’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

CACI
International

(
CACI |
Quote |
Chart |
News |
PowerRating)
91 66.11
288,378

577,000
Isis Pharmaceuticals
(
ISIP |
Quote |
Chart |
News |
PowerRating)
99 25.40 774,552 1,105,900

Neurocrine Biosciences

(
NBIX |
Quote |
Chart |
News |
PowerRating)
84 45.48
305,434

1,118,500
Scios
(
SCIO |
Quote |
Chart |
News |
PowerRating)
89 26.94 865,015 1,798,600

 

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

Brooks Automation
(
BRKS |
Quote |
Chart |
News |
PowerRating)
18 34.33 748,706 359,300
Macrovision
(
MVSN |
Quote |
Chart |
News |
PowerRating)
4 32.02 1,257,955 1,129,000

Novellus

(
NVLS |
Quote |
Chart |
News |
PowerRating)
20 35.36
8,024,957

5,316,900
Shire Pharmaceuticals
(
SHPGY |
Quote |
Chart |
News |
PowerRating)
6 37.98 829,768 1,198,400


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


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume


Computer Sciences Corp.

(
CSC |
Quote |
Chart |
News |
PowerRating)
92 46.11
1,478,522

1,265,500
Bed, Bath and Beyond
(
BBBY |
Quote |
Chart |
News |
PowerRating)
81 31.78 4,578,513 2,818,700

 

Stocks in Slim Jims

High RS at
or near high


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Computer Sciences Corp.
(
CSC |
Quote |
Chart |
News |
PowerRating)
92 46.11 1,478,522 1,265,500
Pediatrix Medical
(
PDX |
Quote |
Chart |
News |
PowerRating)
88 35.00 515,589 222,400
Adolph Coors
(
RKY |
Quote |
Chart |
News |
PowerRating)
87 56.20 366,137 822,300

Low RS at
or near low


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

PanAmSat Corp.
(
SPOT |
Quote |
Chart |
News |
PowerRating)
6 21.46 664,715 684,500

United Technologies

(
UTX |
Quote |
Chart |
News |
PowerRating)
20 58.80
3,483,122

1,868,500

 

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