Wednesday’s Top Names

The Globex futures are slowly
drifting higher as this is being written,

so look for the open to be strong tomorrow if they
continue to run them. After that, the trend in place is still down. Key off the
daily charts for intraday setups. The high RS charts are not strong on the
daily, but could be played if the overall dynamics are strong and you don’t take
’em home.

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

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

Countrywide Credit
(
CCR |
Quote |
Chart |
News |
PowerRating)
93 50.25 1,100,103 2,131,200
Mcgraw Hill
(
MHP |
Quote |
Chart |
News |
PowerRating)
85 61.15 720,382 855,400

Sigma-Aldrich

(
SIAL |
Quote |
Chart |
News |
PowerRating)
81 48.32
731,515

1,296,900
Trimeris
(
TRMS |
Quote |
Chart |
News |
PowerRating)
97 46.69 599,746 331,300

 

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

Aon Corp.
(
AOC |
Quote |
Chart |
News |
PowerRating)
15 21.20 1,097,908 1,554,000
NICOR Inc.
(
GAS |
Quote |
Chart |
News |
PowerRating)
4 24.96 433,988 1,240,900

St.Paul Companies

(
SPC |
Quote |
Chart |
News |
PowerRating)
14 28.68
2,162,906

1,562,400
Varian Semiconductor
(
VSEA |
Quote |
Chart |
News |
PowerRating)
6 23.77 1,212,682 2,013,900


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


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

ICOS Corp.
(
ICOS |
Quote |
Chart |
News |
PowerRating)
99 23.87 1,535,044 1,427,500
Astoria Financial
(
AF |
Quote |
Chart |
News |
PowerRating)
88 32.71 347,409 433,300
Consolidated Edison
(
ED |
Quote |
Chart |
News |
PowerRating)
94 42.89 896,234 903,100
Medimmune
(
MEDI |
Quote |
Chart |
News |
PowerRating)
89 27.56 5,587,553 3,800,100

 

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

Fortune Brands
(
FO |
Quote |
Chart |
News |
PowerRating)
89 51.63 727,528 1,028,200
New Century Financial
(
NCEN |
Quote |
Chart |
News |
PowerRating)
90 26.51 570,465 586,549
New York Community Bancorp
(
NYCB |
Quote |
Chart |
News |
PowerRating)
83 28.56 912,789 1,026,900

 

Low RS at
or near low


Company Name


Symbol


Relative Strength



Price


Average Volume



Today’s Volume

Cox Communications
(
COX |
Quote |
Chart |
News |
PowerRating)
9 21.06 2,307,860 6,462,500
Noble Corporation
(
NE |
Quote |
Chart |
News |
PowerRating)
17 28.96 2,051,672 2,840,100

 

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