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Charts courtesy of stockcharts.com

Thursday, October 3, 2013

Market Leadership

Ticker50-Day Simple Moving Average52-Week HighRelative Strength Index (14)ChangeChange from OpenGapRelative Volume
NOAH10.97%-10.17%56.51-5.73%-5.78%0.06%2.81
HLF5.19%-7.81%50.89-5.48%-3.61%-1.94%2.34
YHOO16.14%-3.23%70.81-1.64%-2.18%0.56%1.54
ULTA15.96%0.71%72.541.19%0.62%0.56%1.53
CLR13.59%-1.86%73.04-0.12%0.28%-0.40%1.46
RGR17.34%-1.12%68.831.58%-1.12%2.73%1.29
RDA23.75%-2.92%75.42-0.26%-0.07%-0.20%1.24
PRLB10.68%-2.31%61.93-1.09%-1.56%0.48%1.24
NUS10.41%-1.29%64.96-0.02%-0.14%0.12%1.15
OAS19.59%-0.25%76.760.77%0.22%0.55%1.11
SYNA10.01%-3.35%64.55-2.74%-2.85%0.11%0.97
SBGI21.29%-3.53%73.56-0.48%-0.89%0.41%0.91
UBNT19.63%-5.78%63.491.26%1.18%0.09%0.9
KORS4.38%-4.29%54.97-0.84%-0.84%0.00%0.78
LAD5.45%-3.45%54.78-1.82%-1.63%-0.19%0.78
HCI19.97%-1.73%71.48-1.07%-1.07%0.00%0.74
WLK3.23%-2.08%55.35-1.81%-1.70%-0.11%0.73
CSTE10.87%-6.82%60.86-1.73%-1.60%-0.13%0.66
INVN6.32%-4.86%57.870.22%0.66%-0.44%0.62
LYB4.54%-3.49%57.86-1.36%-1.23%-0.14%0.52


Despite a rather frightening drop in the market, the leadership list has only a few high volume drops: NOAH, HLF, and YHOO, while ULTA and RGR are moving up. Overall the leaders are showing weakness today, but that should be expected with the market continuing to drop. If it gets worse, expect these to get worse, bu if it doesn't. I'm looking at the ones that are holding up best as possible buying opportunities. New highs - ULTA, RGR, OAS, SYNA.

Here is a link to the charts.

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