3/13/09
The Best and Worst Performing Stocks During This 3-Day Rally (Bespoke)
The S&P 500 is up 10% since Monday's close, but the average stock in the index is actually up 14.18%, which means that stocks with the largest market caps in the index are underperforming. Market breadth during this three-day rally has been exceptional, with 483 stocks up, 1 stock unchanged, and 16 stocks down.
Below we highlight the 25 best performing S&P 500 stocks during this rally and the 16 stocks that are down. As shown, 19 of the top 25 stocks are in the financial sector. Office Depot (ODP) is the stock that's up the most with a gain of 71.19%. At just $1.01 per share, however, who knows how much longer ODP will even be in the index. Lincoln National has been the best performing financial stock during the rally, followed closely by Citigroup and Bank of America. Other non financials on the list of best performers include Masco (MAS), Manitowoc (MTW), Lennar (LEN), Wyndham Worldwide (WYN), and Micron (MU).
Pall Corp (PLL) has been the worst performing stock during this 3-day rally with a decline of 11.27%. PLL is followed on the downside by MCK, BF/B, EXC, WAT, and TAP. Other notable names on the list of losers include McDonald's (MCD), Newmont Mining (NEM), and Johnson Controls (JCI). There's nothing worse than owning stocks that don't participate during market rallies, and investors who own the stocks below have to be pulling out their hair with the market up 10%.
Below we highlight the 25 best performing S&P 500 stocks during this rally and the 16 stocks that are down. As shown, 19 of the top 25 stocks are in the financial sector. Office Depot (ODP) is the stock that's up the most with a gain of 71.19%. At just $1.01 per share, however, who knows how much longer ODP will even be in the index. Lincoln National has been the best performing financial stock during the rally, followed closely by Citigroup and Bank of America. Other non financials on the list of best performers include Masco (MAS), Manitowoc (MTW), Lennar (LEN), Wyndham Worldwide (WYN), and Micron (MU).
Pall Corp (PLL) has been the worst performing stock during this 3-day rally with a decline of 11.27%. PLL is followed on the downside by MCK, BF/B, EXC, WAT, and TAP. Other notable names on the list of losers include McDonald's (MCD), Newmont Mining (NEM), and Johnson Controls (JCI). There's nothing worse than owning stocks that don't participate during market rallies, and investors who own the stocks below have to be pulling out their hair with the market up 10%.
3/12/09
SPX UP 4.1% Whew! 750 - Above Nov Lows Now
Lets Party! (wear some underwear, will ya!!)
See how she trades from here XLF UP 11% FAS UP 25% TNA Up 15% Transports Up 3% (15% run) USO up 7% over 28 again
SPX 730 to 715 is a dip target now...
See how she trades from here XLF UP 11% FAS UP 25% TNA Up 15% Transports Up 3% (15% run) USO up 7% over 28 again
SPX 730 to 715 is a dip target now...
SPX near 741 Nov low - 739 here. Need to see how she acts here before we LOAD THE BOAT
I would expect a pretty good spike here then reverse...we'll know on the dip 720 ish (X)
Up just over 10% from 667 bear low - New SPX highs...watching RSI which isn't keeping up
Deep Pocket shorts are sweating it out...the smart ones covered below 700
3/11/09
30 Year T- Bond Yields About to Go Much Higher? - Triple Top or triple top breakout?
Notice the Jan time frame where stocks began this years morbid sell off. Stair Stepping up....
SPX Ranges for Thursday - Rally Paused today
XLF gap open reversed but added another 3.5% (check your charts...not a good sign based upon the last few XLF gap reversal days). XLE closed down under 41, XLV XLU XLP all Red.
USO down 5.4% to 26.33, looking for 25 ish to renter long. 1st set of higher highs and higher lows on USO since, like, LAST year! Who knows, it looks bullish on more pullback, but not below 23.40 (last low).
Transports is still a great bottom play so far and strong today up 2% for a 10% total run so far (IYT)
$XAL over 14 as I am still watching that double bottom to hold at around 12.50 (FAA is the ETF but has low vol)
Bank rallies have failed us before so be nimble ( C is acting like a pinksheet stock lately - dump and dump for sure)
3/10/09
720 Close nice 6.4% day
15 Min
SPX 60 Min Close on the Downtrend line
SPX Daily
FAS up 39% on plus a5% XLF, Transports Up 7.2% giving IYT up 6.7%, USO down 3% (more down till add the dip) TNA up 22% on $SML plus 7%
My target for SPX is 833 now (685 stop)
Estimators Picks !
I know the market is having a great day, but look at how some of his picks are doing today! ISLE +19% RPT +23% SONS +11% ICTG +10% SONS +12%....ie 20% Sharpshooters...nice Estimator
Very good potential Monday was a tradable bottom
Really cooked on the 15 min chart now up over 4% on the SPX, IYT up over 5%, XLF screaming plus 10% 2x and 3x on fire..... if you want in, buy dips. So we have a plus 4% SPX on it's way to up 25% maybe. Need to really make sure this doesn't reverse to negate my RSI weekly signal, but it looks ok with 5 hours to go
3/9/09
SPX Closes Down 1% - Hey, No New Low Today! SPX Ranges For Tuesday
SPX 15 min
SPX Weekly
Transports Weekly!!!!!
USO is up 25% from the lows and is on a Buy the dip status. Transports new low, RSI not confirming, watching for a IYT Trade ($DJT has gone from 5500 to 2150 - wow). $SML new low today, watching for a TNA trade. XLF a leader today, no new low, hummm! FAS watch.
SPX weekly looks like a reverse head and shoulders (head forming?) is developing. Could be a huge island reversal if SPX gets a pounding again this week.
Kinda waiting for a C or BAC complete takedown or AIG or GE blow up to get a panic sell to set up for a long trade. Otherwise 6300 ish is still a DOW (20 lol) support target.
NOPE - DOW Halted, Deal Called Off - Spooking the Market
XLK wants to break $13 here down 4.2%..TECH is being rotated to the trash bin
XLK Weak - 12.94 is the 52 week low, 13.28 now down 2.7% - 10.92 is the 2002 Low BTW
13.80 was the sell trigger. It may or may not get support at the 52 week low...something to watch for.
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