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Charts courtesy of stockcharts.com

Monday, November 25, 2013

Price Relative Scan

The price relative scan for Monday is uploaded here; there are 3 buy candidates listed in column O, with the scores in column P.

Monday New Highs

There were 532 new highs today, here is the list.

These are the top 10 industries in percentage of stocks making new highs:
Name Stocks NH Pct
Aerospace/Defense - Major Diversified 5 4 80
Drugs Wholesale 4 3 75
Medical Equipment Wholesale 5 3 60
Drug Stores 7 4 57.14
Regional Airlines 11 5 45.45
Accident & Health Insurance 9 4 44.44
Housewares & Accessories 7 3 42.86
Regional - Midwest Banks 48 20 41.67
Life Insurance 24 9 37.5
Major Airlines 8 3 37.5



These are the high volume advancers and decliners from the relative strength list:
Advancers


Decliners

Ticker Relative Volume Change
Ticker Relative Volume Change
ABTL 4.75 7.40%
GME 2.57 -1.93%
RFIL 3.25 3.48%
MHH 1.75 -2.57%
HZNP 1.88 3.24%
NOAH 1.67 -5.79%
MITL 1.75 1.32%
YELP 1.78 -6.72%




BAS 1.94 -8.30%




QIHU 2.13 -9.47%




UBNT 2.38 -9.56%




JKS 1.6 -9.71%




RCON 2.54 -16.88%


After the close I have reports from VNET, down 11.7% in after hours trading, and DY, which is not trading..



Stopped...Right Where It Was Supposed To Stop

The moment of truth has arrived, and sure enough, the market got stopped cold right at the R1 pivot point. However, it didn't do it right away, and in fact looked like it was poised to break out in the afternoon, only to reverse and close negative. volume was heavier than at least I expected, as we are in a holiday week. I did not see any news triggering the reversal, but there probably was something going on, because the drop came right out of the blue. For now, my correction call, on life support, is still alive, and I do suspect we have topped for the month of November.

The Nasdaq has more room to move up before it hits the R1 pivot, and may do so, as we are seeing a potential reversal in price relative. Conceivably we could see the Nasdaq rise while the SPX drops, but not for long.
The Dow industrials continue to slightly out perform the SPX, which is theoretically bearish, although it has not been reflected here yet.  It does appear to be slowing down here, but so far that is a one day trend, so it's way too early to make a call here.

The Russell 2000 put in a strong performance today, and has been for about 3 days now, but that is not enough to reverse the medium term down trend in price relative. This also looks like it is going to roll over soon, and might get to the R1 pivot, which would be a perfect prlce to be stopped.  However, I would nt count on it getting that high.

The market may have found the top for this month, which is almost over anyway. We have a holiday week this week, and volume is expected to be quite low, but today, it was about average, so it could be we will not get to watch the computers try to front run each other for the next few days, something I was looking forward to. Instead, it looks like I will have to work at it.

I wlll have the new highs update shortly.


ENV


ENV would have been the breakout of the day had it not been for a late sell off. This has some pretty good numbers, a pretty strong price relative line, and a reasonably good chart pattern. The only thing missing is volume, but that looks to be on the increase as well. Despite the sell off, this should go higher from here, but I think the target I have here is a little optimistic. I will be watching it to see how optimistic.

ABTL

ABTL is a very recent addition to the price relative watch list, having really being noticeable just a few weeks ago, although it did begin it's stretch back in July. It doesn't get a lot of volume, so it doesn't take much of an increase to really push it up, and that is what it has been doing recently. I have a target here of 13.39, which may actually be pretty conservative, but volatility will also increase, so his should be a wild ride.

Today's Leading Industry

Name 11/22/13 Change 4 week avg 10 week avg 4 wk - 10 wk 40 week avg 10 wk - 40 wk Stocks Adv (week) 200 d Total Adv (today) NH
Aerospace/Defense - Major Diversified 80 0 75 46 29 17.5 28.5 5 80 40 396 40 80
Drugs Wholesale 100 0 100 95 5 35.63 59.38 4 75 50 520.01 100 75
Medical Equipment Wholesale 80 0 80 62 18 21 41 5 80 20 402 100 60
Drug Stores 71.43 0 67.86 57.14 10.71 19.64 37.5 7 57.14 14.29 335.71 57.14 57.14
Accident & Health Insurance 77.78 0 75 60 15 22.22 37.78 9 77.78 33.33 398.89 66.67 44.44
Regional - Midwest Banks 74.47 3.64 70.7 46.41 24.29 15.74 30.66 47 70.21 10.42 346.54 77.08 39.58
Life Insurance 87.5 8.33 82.29 59.92 22.38 21.44 38.48 24 79.17 16.67 416.18 66.67 37.5
Major Airlines 62.5 0 62.5 52.5 10 16.46 36.04 8 100 25 365 62.5 37.5
Regional Airlines 63.64 0 68.19 52.73 15.46 15.91 36.82 11 63.64 9.09 325.48 90.91 36.36
Sporting Activities 44.44 0 41.66 26.67 15 8.09 18.57 9 77.78 0 232.21 44.44 33.33
Sporting Goods 83.33 16.66 70.83 58.33 12.5 22.08 36.25 6 66.67 0 366.65 83.33 33.33
Sporting Goods Stores 50 -16.67 50 30 20 8.75 21.25 6 50 0 213.33 66.67 33.33
Regional - Pacific Banks 75 1.92 75 54.69 20.31 18.87 35.82 52 76.92 13.46 371.99 61.54 32.69
Aerospace/Defense Products & Services 69.05 -3.45 70.39 58.39 12 21.26 37.12 42 78.57 30 373.33 60 32.5
Property & Casualty Insurance 77.5 6.25 71.56 53.19 18.37 17.3 35.89 80 83.75 8.75 372.56 75 32.5
Health Care Plans 61.54 0 53.85 41.54 12.31 18.46 23.08 13 84.62 0 295.4 100 30.77


Here are today's leading industries.


Medical equipment, wholesale is a case of a group that would have much better numbers than it has if not for the data glitch I had a few weeks ago. As it is now, it is not in the top 10 in any category except total score, but probably would be in several. It is only 5 stock, and individually, aren't terribly impressive: HSIC, MWIV, and OMI are at new highs, but are not really market leaders, and the others are well off their highs. The good numbers here may be due to the group's small size ratherr than the strength of the stocks.

Market Leadership

Ticker Shares Float Insider Ownership Insider Transactions Institutional Ownership Institutional Transactions Float Short Relative Volume Change RS Diff Momentum 200 d Total
AUXL 49.23 0.30% -0.67%
2.91% 15.36% 1.01 1.99% 6 -2 0 0 4
CSTE 8.03

42.30% -11.47% 2.76% 0.85 -3.22% 4 8 0 15 27
DDS 37.48 7.30% -3.87% 90.80% -3.05% 8.82% 0.39 0.24% 17 -1 0 0 16
EAT 65.88 1.40% 44.38%
-3.81% 9.28% 0.52 0.23% 30 7 0 0 37
FL 146.98 0.70% -9.82% 88.00% -3.99% 2.46% 2.06 1.67% 22 -3 0 0 19
FRGI 24.15 1.10% -95.57% 82.90% 9.44% 3.64% 0.3 1.20% 54 6 0 21 81
HCI 9.64 8.50% 2.48% 57.10% 27.92% 22.52% 0.83 2.42% 37 4 11 16 68
HLF 91.57 1.30% 0.15% 92.80% -9.11% 22.68% 0.78 -1.42% -9 -13 0 0 -22
INOC 2.5 81.15%
5.80% -6.11% 0.18% 2.53 -0.35% 34 1 0 0 35
IPGP 42.49 15.60% -0.48% 72.50% -5.45% 24.57% 0.44 1.43% 40 19 0 0 59
KORS 184.86 2.40% 0.96% 84.30% 2.18% 3.52% 0.74 -0.73% 2 -10 0 0 -8
LGND 19.4 2.40% -48.61% 84.10% -3.25% 12.18% 0.82 2.22% 9 -1 4 18 30
LYB 208.9 0.40% -10.49% 73.70% -12.54% 3.73% 2.9 -2.59% 20 3 0 0 23
NUS 54.01 0.50% -34.72% 73.00% -9.80% 3.09% 1.07 -0.85% 54 2 16 30 102
RGR 18.94 0.30% -75.62% 91.80% 14.80% 32.59% 0.53 1.80% 37 11 0 0 48
SBGI 72.92 0.40% 6.70% 97.70% 8.35% 6.77% 0.75 -1.20% -1 -8 2 10 3
SLXP 60.99 2.30% -10.97% 98.20% -0.22% 4.80% 1.6 0.49% -2 -24 0 11 -15
UBNT 29.5 66.00% -38.01% 25.40% 4.42% 10.73% 3.53 -7.13% 10 -15 2 9 6
WLK 20.46 0.10% -13.05% 30.60% -5.33% 2.01% 1.02 -2.79% 16 0 3 3 22
YNDX 169.86 9.01%
71.00% 4.47% 2.32% 0.91 0.34% 5 3 3 7 18


Here is the new market leadership for this week. Relative strength scores are on the low side this week, with only one, NUS, above 100. This week there are 7 stocks with a float short percentage over 10, and some of these are likely short squeeze possibilities RGR may be fueled more by short covering than anything else. UBNT is still collapsing after reporting last week, while FL is making a high volume up move. There is only ne new high - NUS.

Here is a link to the charts.

Early Industry Leaders

Name Stocks NH Pct
Aerospace/Defense - Major Diversified 5 4 80
Medical Equipment Wholesale 5 3 60
Drugs Wholesale 4 2 50
Accident & Health Insurance 9 4 44.44
Drug Stores 7 3 42.86
Life Insurance 24 9 37.5
Major Airlines 8 3 37.5
Regional - Midwest Banks 48 17 35.42
Sporting Activities 9 3 33.33
Sporting Goods Stores 6 2 33.33
Regional - Pacific Banks 52 17 32.69
Health Care Plans 13 4 30.77
Textile - Apparel Footwear & Accessories 17 5 29.41
Property & Casualty Insurance 80 22 27.5
Regional - Southeast Banks 37 10 27.03
Long Distance Carriers 4 1 25
Aerospace/Defense Products & Services 40 9 22.5
Industrial Equipment & Components 18 4 22.22
Pollution & Treatment Controls 14 3 21.43
Diversified Machinery 64 13 20.31
Auto Parts Stores 5 1 20
Department Stores 10 2 20
Entertainment - Diversified 15 3 20
Investment Brokerage - Regional 10 2 20
Regional - Southwest Banks 25 5 20


Here are the early industry leaders in percentage of stocks making new highs.

Relative Strength Scores

Ticker RS Diff Momentum 200 d Total
Ticker RS Diff Momentum 200 d Total
AMP 70 19 31 62 182
ANAT 35 35 0 15 85
ATRC 74 2 25 41 142
CYBX 37 35 0 0 72
BEAV 61 10 23 48 142
ICE 36 34 0 0 70
ARC 62 12 26 35 135
WIBC 27 31 0 0 58
STZ 59 15 21 40 135
SASR 53 30 0 0 83
IBKR 68 5 24 35 132
GLAD 30 30 0 0 60
PFG 53 21 14 41 129
FFIC 14 30 0 0 44
BR 58 14 22 33 127
AIZ 48 29 10 19 106
ENS 60 11 19 33 123
MUSA 41 29 0 0 70
MHH 67 -6 23 33 117
CNMD 33 28 0 0 61
ATK 36 13 15 52 116
UCBI 27 28 0 4 59
JCI 53 4 22 36 115
KND 30 28 0 0 58
GNW 50 21 14 26 111
MOG-A 14 28 6 6 54
BCOR 60 -4 19 35 110
IBCP 22 28 0 0 50
HII 60 4 18 27 109
TROW 20 28 0 0 48
RLI 46 25 15 21 107
INDB 0 28 0 0 28
AIZ 48 29 10 19 106
NDAQ 48 27 0 0 75
BKSC 48 8 19 29 104
JRJC 40 27 0 0 67
FOE 45 -3 21 40 103
CME 27 27 0 0 54
SHLO 56 14 15 18 103
KIRK 17 27 0 7 51
WDR 45 -7 22 43 103
MAMS 21 27 0 0 48
ADS 49 -25 27 51 102
MNRO 18 26 0 0 44
NUS 54 2 16 30 102
BANR 14 26 0 0 40
GBCI 40 14 13 32 99
WINA 12 26 0 0 38
NNBR 39 24 15 21 99
CFR 0 26 0 0 26


On the left are the 25 highest total relative strength scores, on the right are the 25 highest gains in price relative.

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