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Charts courtesy of stockcharts.com

Wednesday, October 2, 2013

Market Leadership

Ticker 50-Day Simple Moving Average 52-Week High Relative Strength Index (14) Change Change from Open Gap Relative Volume
NOAH 18.78% -4.71% 65.97 2.71% 3.19% -0.46% 2.98
YHOO 19.67% 0.00% 78.7 0.38% 0.79% -0.41% 1.79
RDA 24.44% -3.05% 75.05 -0.46% 0.00% -0.46% 1.48
OAS 18.60% -1.47% 74.19 -1.41% -1.04% -0.37% 1.44
CLR 14.75% -1.19% 75.49 0.22% 0.66% -0.44% 1.43
NUS 9.81% -2.33% 61.51 -0.98% -0.51% -0.47% 1.25
HLF 11.71% -1.58% 62 0.29% 0.73% -0.44% 1.19
UBNT 20.05% -6.32% 62.85 -0.53% -1.23% 0.71% 1.15
SYNA 13.61% 1.19% 75.52 1.76% 2.77% -0.98% 1.06
KORS 5.62% -3.49% 59.58 0.04% 0.21% -0.17% 0.95
INVN 5.07% -6.25% 55.18 -0.77% 0.66% -1.42% 0.93
PRLB 11.74% -1.80% 62.07 2.62% 2.50% 0.12% 0.91
WLK 4.26% -1.25% 58.14 -0.50% -0.50% 0.00% 0.91
SBGI 21.91% -3.41% 73.5 -0.50% 0.45% -0.94% 0.83
RGR 14.91% -3.74% 64.78 0.16% 0.25% -0.09% 0.82
HCI 21.15% -1.13% 73.52 -0.21% 0.42% -0.63% 0.82
LAD 7.59% -1.83% 61.97 -1.06% 0.11% -1.17% 0.76
LYB 5.72% -2.59% 62.24 -0.54% -0.07% -0.47% 0.63
ULTA 15.23% -0.40% 71.28 -0.20% 0.16% -0.35% 0.61
CSTE 12.90% -5.69% 63.75 -1.48% -1.03% -0.45% 0.51

Once again the market leaders are not reflecting the market weakness, so I don't expect this weakness to last long. Volume is relatively low: NOAH is getting the highest relative volume and is up nicely. YHOO is up marginally, RDA down marginally. OAS is the only significant down move on the list. Ignoring the low volume, this is a bullish indication. New highs - YHOO, HLF, SYNA.

Here is a link to the charts.

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