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Looking
at all that is transpiring in the world
Also, looking at the technical models, not all are flashing green except for one, which uses the CBOE Volatility Index ($VIX.X). For those who went to Tradingmarkets2001, we told you that we would only use this as a gauge in combination with other timing indicators, especially on an intermediate-term basis.
D.K Healthcare Resources (DKWD) is moving higher in an ascending symmetrical triangle.
Blockbuster Inc. (BBI) is forming an ascending triangle, and volatility is drying up (as we can see in price), which could be related to the fact that the company is scheduled to report earnings on Oct. 24.
Here are some stocks that you should include on your watchlist.
Stocks Breaking out on High Volume with a Relative Strength of 80 or Better:
|
Company
Name |
Symbol |
Relative
Strength |
Price |
Average
Volume |
Today’s
Volume |
|
Advance
PCS |
ADVP |
95 |
79.19 |
1,307,800 |
2,041,600 |
Stocks Building A Base With A Minimum Relative Strength of 80.
|
Company
Name |
Symbol |
Relative
Strength |
Price |
Average
Volume |
Today’s
Volume |
|
Public
Storage |
PSA |
90 |
34.25 |
261,800 |
65,100 |
|
Highwood
Properties |
HIW |
95 |
25.96 |
246,300 |
191,200 |
|
First
Place Financial |
FPFC |
98 |
13.96 |
31,200 |
9,700 |
|
Company
Name |
Symbol |
Relative
Strength |
Price |
Average
Volume |
Today’s
Volume |
|
Respironics |
RESP |
94 |
35.22 |
246,800 |
152,600 |
Sectors moving higher in the session were the GSTI Internet Index ($GIN.X), gaining 1.4%.
The Securities/Broker Dealer Index ($XBD.X), tacking on 1.2% and the Airline Index ($XAL.X), closing up 0.8%.
Lagging in the session was the Semiconductor Index ($SOX.X), which fell 4.2%.
The Oil Services Sector ($OSX.X), slid 3.0% and the Oil Index ($XOI.X), lost 2.1%
Remember that all securities are risky. In any trade, you should always reduce your risk by adjusting position size and placing open protective stops where you will sell your long or cover your short in case the market turns against you. For an introduction to combining price stops with position sizing, see Loren's lesson, Risky Business.
