Thursday, May 3, 2012

Trading Stocks Decline...97 Out of 100 Nasdaq Stocks Down...

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One sector moved up on Thursday, XLP and XLU, and XLV were the strongest sectors.

Breadth weakened as decliners lead advancers 2.32 to 1 on the NYSE and 2.95 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ
Advancers         900             643
Decliners        2,094          1,897

SPY down 1.07…

97 Out of 100 Nasdaq stocks down today…


Leading NDX 100 stocks included WRM, GOOG, DELL

Lagging NDX stocks included GMCR, NFLX, SHLD, RIMM, GOLD, MY AVGO, MRVL, FAST, FLEX, MXIM, ADSK, STX, CHKP, COST, ALTR, PCAR, BRCM

Leading stocks > +2% on Thursday included LNKD, FAZ

Losing stocks < -2.0% included HFL, ZAGG, PCX, ESI, UCO, V, CDE, TSLA, SWKS, ANR, CROX, CRUS, JDSU, TPS, FCX, JNPR


Stocks to Watch on Friday

Holding Above 30 DMA = 27
TLT, URE, NTES, SLB, CHL, DE, DLR, STI, ATI, GLW, LNKD, V, ZAGG, ANF, CREE, CRM, CRUS, ESI, IBM, NKE, SWI, VMW, FCX, SWKS, TSL, VECO, CSTR

Moving Above 30 DMA = 1
FAZ

Moving Below 30 DMA = 5
CMG, DHR, ESI, FAS, FCX, SMH, SWKS, TIF, UCO, V

Staying Below 30 DMA
AKS, ANR, JNPR, UAL, X, HLF, SOHO, DECK, HUM, WDC, CROX, LVS, FAZ, CIEN, PCX, RCL, RVBD, CLF, MCP, SWK, TPX, X, ZION, INFA, BAC, A, TBT, F, JDSU, C, GS, TSLA, COH, GRPN, MOS, ICE, SINA, GES, CDE, LDK

Six Week Intermediate Term Market Trend: Neutral
Short Term Market Trend: Neutral

1 comment:

DrPaula said...

Great ATA class tonight. I have learned so much from you but still feel lost at sea without you as the lighthouse.

I am glad you are back. Looking forward to your new BO class.

Paula