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Recent Q&A: Greetings. A question. I was away from my trading system for a few days. One of the things I do automatically when I purchase a "top pick" is put i...More
Market Snapshot See How The Market and Leading Stocks Performed Today. - Our overall market indicator is Neutral
- We are in the historically weak (May through September) period in the stock market. During the month of September, the S&P 500 has risen in 26 out of the past 59 years (44% of the time).
- Price/Volume action of the S&P 500 provides the following key indications:
- Price Below 10wkMA - BAD
- Internal Momentum at 66.28 - GOOD
- Accum/Dist of 0.99 - BAD
- Market related news:
- Nikkei likely to edge higher, eyes on jobs data Thu, 02 Sep 2010 23:06:11 GMT
- Is Copper Trying To Tell You Something Thu, 02 Sep 2010 21:40:53 GMT
- GLOBAL MARKETS-Stocks rise on upbeat data; payrolls in focus Thu, 02 Sep 2010 21:21:55 GMT
- [video] News Hub: Dow Ends Higher for 3rd Day [2.1 min] Thu, 02 Sep 2010 21:19:05 GMT
[at MarketWatch] - Michael Casey looks at the factors that powered stocks higher for a second straight session.
- Stocks rise on economic hopes ahead of payrolls Thu, 02 Sep 2010 20:45:00 GMT
[Reuters] - Stocks rose on low volume on Thursday as data showed improvement in housing and the job market a day ahead of the critical monthly payrolls figures.
- [video] PM Report: Mideast Leaders Agree to Talk Again [9.3 min] Thu, 02 Sep 2010 20:39:02 GMT
[at MarketWatch] - Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas agreed to convene a second round of Middle East peace talks in two weeks. John Bussey has details from Washington.
- US STOCKS-Wall St rises on economic hopes ahead of payrolls Thu, 02 Sep 2010 20:32:40 GMT
- Economic data damp down fears of new recession Thu, 02 Sep 2010 20:32:18 GMT
[Reuters] - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping quell fears the economy could face a double-dip recession.
- Is Current Bearishness Actually Bullish for Stocks? Thu, 02 Sep 2010 20:28:01 GMT
[ETFguide] - There's been much talk about a September meltdown. Following the recent declines, investor sentiment surveys have turned deeply bearish and more and more small investors seem to exit the market.
- US economic data damp down fears of new recession Thu, 02 Sep 2010 20:24:51 GMT
- US STOCKS SNAPSHOT-Housing, jobless claims data lift Wall St Thu, 02 Sep 2010 20:08:10 GMT
- The End of the Equity Cult? Thu, 02 Sep 2010 18:29:41 GMT
- Halftime Pt. 1: Buy Stocks Ahead Of Jobs Report? Thu, 02 Sep 2010 17:19:14 GMT
- It's NOT the Economy, Stupid: It's the Mess in Washington Thu, 02 Sep 2010 17:08:22 GMT
- Discounts, heat fuel August retail sales beat Thu, 02 Sep 2010 17:04:54 GMT
[Reuters] - U.S. retailers posted sales that beat modest expectations in August as consumers sought out bargains during the key back-to-school selling season.
- Airline Stocks: Airline stocks manage modest early gains Thu, 02 Sep 2010 16:57:00 GMT
[at MarketWatch] - Airline stocks trade largely in line with the broader equities market as AMR and Delta shares grab early gains.
- [audio] Midday report from MarketWatch Radio Network [1.0 min] Thu, 02 Sep 2010 16:46:01 GMT
[at MarketWatch] - The latest money news from Alisa Parenti.
- Bear Days of August Might be Over, Says Barry Ritholtz Thu, 02 Sep 2010 16:23:29 GMT
[TechTicker] - http://l.yimg.com/a/p/us/news/editorial/3/b1/3b17b012a0dfe02b6acba8bb8be84c72.jpeg
- EU Deja Vu: Naked Short Sales are Banned Thu, 02 Sep 2010 15:25:00 GMT
[at Minyanville] - A blast from the past greets Labor Day weekend.
- US STOCKS-Wall Street gains on housing, jobless data Thu, 02 Sep 2010 14:55:53 GMT
Industry Group Performance See Which Industry Groups Performed Best and Worst Today.- This week, there are 100 Industry Groups showing strong price action. In bull markets, we normally see at least 100 top performing industries. This indicates that the market has Good Breadth
- Best performing Top 40 Industry Groups today, with A or B Ranked stocks moving up on above average volume:RINO International Corp RINO +$1.55 on 207% Avg. Vol. (GSA Rank: 82.10, Group Rank: 38)
- Worst performing Top 40 Industry Groups today, with C Ranked stocks moving down on above average volume:EnteroMedics Inc ETRM -$3.5 on 46231% Avg. Vol. (GSA Rank: 47.22, Group Rank: 16)
Standard Motor Products Inc SMP -$0.29 on 134% Avg. Vol. (GSA Rank: 57.20, Group Rank: 21)
Dana Corp DAN -$0.25 on 113% Avg. Vol. (GSA Rank: 48.68, Group Rank: 21)
ArvinMeritor Inc ARM -$0.42 on 113% Avg. Vol. (GSA Rank: 48.42, Group Rank: 21)
Quantum Fuel Systems Technologies Worldwide Inc QTWW -$0.06 on 117% Avg. Vol. (GSA Rank: 46.99, Group Rank: 21)
Johnson Controls Inc JCI -$1.1 on 118% Avg. Vol. (GSA Rank: 43.38, Group Rank: 21)
Valspar Corp VAL -$0.05 on 118% Avg. Vol. (GSA Rank: 46.57, Group Rank: 32)
USG Corp USG -$0.23 on 113% Avg. Vol. (GSA Rank: 36.96, Group Rank: 32)
Armstrong World Industries Inc AWI -$0.77 on 137% Avg. Vol. (GSA Rank: 34.38, Group Rank: 32)
Owens Corning OC -$0.69 on 187% Avg. Vol. (GSA Rank: 31.89, Group Rank: 32)
Eastman Chemical Co EMN -$0.96 on 115% Avg. Vol. (GSA Rank: 52.07, Group Rank: 35)
Ashland Inc ASH -$1.97 on 168% Avg. Vol. (GSA Rank: 41.17, Group Rank: 35)
Dow Chemical Co DOW -$0.8 on 112% Avg. Vol. (GSA Rank: 39.35, Group Rank: 35)
Celanese Corp CE -$0.51 on 105% Avg. Vol. (GSA Rank: 37.76, Group Rank: 35)
FSI International Inc FSII -$0.04 on 125% Avg. Vol. (GSA Rank: 46.47, Group Rank: 19)
Entegris Inc ENTG -$0.16 on 154% Avg. Vol. (GSA Rank: 45.69, Group Rank: 19)
Veeco Instruments Inc VECO -$0.18 on 136% Avg. Vol. (GSA Rank: 36.89, Group Rank: 19)
* Potential SHORT SELL candidates reversing off new highs OR showing poor accumulation/distribution, trading below support levels.
These stocks have the three 'O's - Over-valued (trading above discount), Over-owned (too much institutional ownership) and Over-extended (Above the 200-day MA).
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