Monday Watchlist update:
ZIXI popped over 14% in trading today. Big -15% down day for SCHN on poor earnings. Other stocks on the upside: FNSR 8.93% ESLR 7.57% VIP 5.88% MTW 4.23% BOOM 3.68% BIDU 3.43% COH 2.60% VPRT 2.08% TKC 1.98%
Here are a few stocks I've put on my watchlist along with a few from last week (like DECK & TGIC) : BNVI ORCC COH STEC MSFT VPRT ESLR ZIXI FNSR
Not sure if BIDU is done but I'll be watching it along with YHOO in the wake of the Alibaba IPO. These other stocks from IBD100: SCHN LIFC TKC ZUMZ LIFC WFT BOOM MTL VIP DLB MTW have caught my attention.
NASDAQ largest percent gainers this Friday were DECK and TGIC. DECK shares surged Friday over 27% on news of awesome 3rd quarter earnings. TGIC posted huge 3rd quarter losses, and shares were down earlier in the week but stock soared 41% in trading on Friday. And RDN bounced back 20% on Friday, but overall shares were down for the week -14%.
SRCL, Stericycle Inc., also reported earnings this week, the stock was up for the week over 8%.
TPX, ABTL were up over 8% earlier in the week but did not make a strong finish for the week. Visit Yahoo!Finance for more results and news.
just when I thought it was safe to short - the market rallies!
Back to the watchlist:
DECK TRAK IMMU TPX TGIC RDN TRMK CSE SRCL RRGB SILC ABTL TSFG
This week "The major averages suffered steep losses this week amid ongoing credit market concerns and surging oil prices that culminated in a sizable sell-off on Friday." Read more at Market recap.
In other words, lots of Red on the Screen. In trading on Friday, the NASDAQ posted 81% decliners vs 16% advancers. The Dow was down on Friday,(Black Monday anniversary) -2.64% NASDAQ -2.65%.
For the week: The Dow is down 571.06, or -4.05% . The S&P is down 61.17, or -3.92%. The NASDAQ is down 80.52, or -2.87%.
Since we are in this pullback, I'm feeling a little more cautious about the results of any stock screens. I'll still be watching a few stocks but overall I'll be watching the market for now.
Reversal candidates HCP closed down this week over -8% and PMCS made a 9.8% gain. Big loser last week, GBT, was down in trading on Monday, but made a 32% pop on Tuesday. It gave back most of its gains to finish the week up only over 6%.
Breakouts: IFON, HLYS & MBLX were down in trading this week. JASO was up slightly 1.49%. INNO changed its corporate name from Innovo Group Inc. to Joe's Jeans Inc.(JOEZ) and closed slightly down.
No continuation of bullish trend for COGT REGN FCN GSIC. NTWK jumped 21% on Monday and held on to most of its gains to close the week up 15.52%.
And from the IBD100: RIO (-7.39%) POT (-5.26%) HURN (-4.63%) Even with its -7.7% loss on Friday, ocean transportation company TBS International, TBSI, closed the week up almost 20%.
Reversals: HCP PMCS GBT
Breakouts: JASO HLYS MBLX INNO IFON
Continuations: COGT NTWK REGN FCN GSIC
And from the IBD100: RIO POT HURN TBSI
PTEC made 13% reversal for the week. Other reversal candidates slightly down.
CRDC made an early 10% jump on Monday, but finished the week just up 2%. ABAT, Advance Battery moved from over the counter to AMEX with a symbol change to GBT this week. The stock was trading at over $9 but was down to $6.63 by the end of the week. Last week's big breakout stock BHIP lost over -25% in trading this week.
EXAS continued its bullish trend up almost +30% for the week. Clicksoftware, CKSW, took a +13.76% gain in trading on Friday.
IBD100 candidate, RIO, made an almost +8% gain for the week with +5.34% coming on Friday.
Reversals: CLWR, PTEC, GBTS, SPRT
Breakouts: CDS, CRDC, BRLC, RIMM, ABAT, BHIP, BKBO, LEV, NEOL
Continuations: OBAS, EXAS, CKSW, PAL, OSTK, NAK, BLUD
And from the IBD100: RIO
So my last post was in June after changing to a new job which requires lots of study and travel. While I'm happy about the job, my trading has slowed to a crawl, which turned out pretty good based on what's been happening in the market these past few months. But I'm ready to get back on the saddle.
For this last quarter of the year, I expect to make a few trades, selecting stocks from stockbee's 1500% growth, muddy's buy and hold and IBD100. I know I can't resist, so I will also have my short term watches as well.
Happy Trading!
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