Wednesday’s Top Names

Tuesday’s negative action is
pointing to further breakdown.
With that
in mind, one must lean toward the path of least resistance. We do have one CVR
III buy signal on the Market Bias Page, however. So if they do decide to take it
that way, we will be ready.

Hottest Sectors: Gold and Silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)
.

Weakest Sectors: Banks
(
$BKX.X |
Quote |
Chart |
News |
PowerRating)
and
Computer Technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating)
.

Wednesday’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

Ball Corp.
(
BLL |
Quote |
Chart |
News |
PowerRating)
96 50.93 614,618 1,498,700
Cognizant Technology Solutions
(
CTSH |
Quote |
Chart |
News |
PowerRating)
96 57.59 391,194 502,100

Intermune

(
ITMN |
Quote |
Chart |
News |
PowerRating)
89 24.97
1,094,041

2,115,100
Newmont Mining
(
NEM |
Quote |
Chart |
News |
PowerRating)
85 29.07 5,058,125 4,477,500

 

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

Black Box
(
BBOX |
Quote |
Chart |
News |
PowerRating)
16 33.42 466,308 225,700
Quest Diagnostics
(
DGX |
Quote |
Chart |
News |
PowerRating)
9 53.89 1,438,949 916,900

KLA-Tencor

(
KLAC |
Quote |
Chart |
News |
PowerRating)
6 31.16
15,567,749

3,470,700
Triad Hospitals
(
TRI |
Quote |
Chart |
News |
PowerRating)
20 34.51 803,191 1,026,600


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


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

United Parcel Service
(
UPS |
Quote |
Chart |
News |
PowerRating)
81 62.55 5,863,023 3,241,600
ConAgra Foods
(
CAG |
Quote |
Chart |
News |
PowerRating)
89 25.45 2,151,438 1,907,900

Newell Rubbermaid

(
NWL |
Quote |
Chart |
News |
PowerRating)
80 33.40
1,659,800

2,112,200

 

3 Month RS of 20 and lower with volume surge in last hour


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Pepsico, Inc.
(
PEP |
Quote |
Chart |
News |
PowerRating)
19 38.42 6,558,946 6,810,700
Safeway Stores
(
SWY |
Quote |
Chart |
News |
PowerRating)
9 25.35 3,827,045 3,579,800

 

Stocks in Slim Jims

High RS at
or near high


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Ball Corp.
(
BLL |
Quote |
Chart |
News |
PowerRating)
96 50.93 614,618 1,498,700
Intermune
(
ITMN |
Quote |
Chart |
News |
PowerRating)
89 24.97 1,094,041 2,115,100
Pacific Sunwear
(
PSUN |
Quote |
Chart |
News |
PowerRating)
97 21.97 966,271 981,200

 

Low RS at
or near low


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Maxim Integrated Products
(
MXIM |
Quote |
Chart |
News |
PowerRating)
16 29.93 9,090,573 7,575,500
QLogic
(
QLGC |
Quote |
Chart |
News |
PowerRating)
11 32.36 13,346,603 8,759,022
Semiconductor Holders ETF
(
SMH |
Quote |
Chart |
News |
PowerRating)
9 23.05 6,459,303 4,569,200

 

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