Thursday, March 10, 2011

Breadth Horrible

If you read the posts from earlier in the day you can guess what the low print of the day was in the S&P 500.  1294 to the point.  A perfect touching of the "Libya" intraday low of a few weeks ago.   No surprise it is being defended but thus far the bull's efforts have been relatively weak.  We'll see what magic - if any - is in store the next 2 hours.  Traditionally you would not expect anything positive in the closing hours of a day like this.

I have a group of about 2400 stocks/ETFs that are in my universe (loosely).  These are names that have some decent size to them ($300M+ market cap), and at least 100,000 in daily volume, and a stock price over $10.  Of that 2400 there are only 120ish which are green on the day.  That includes some inverse ETFs.   So this clearly fits the definition of a 90% down day (indeed, we're around 95%).

If interested here are the names that are positive - some have clear catalysts such as Green Mountain Roasters (GMCR) and Starbucks (SBUX) but on days like today I like to look for those who can pull a Kermit, and if they are not a utility or healthcare stock that might be seen as a safe haven, I like to investigate further.  With oil down $3ish something like airline stocks would also be expected to rally.

Here are the names gaining at least 1.5% today; I've shaded the inverse ETFs - interestingly with all the hand wringing out of China today due to the import/export numbers we have some Chinese stocks on the list.  NFLX, FN, and JDSU are recovering from some recent beatings...

Ticker Company  Mkt  Change
GMCR Green Mountain Coffee Roasters Inc.              6,179 38.18%
RCRC RC2 Corp.                  475 17.46%
HGSI Human Genome Sciences Inc.              4,854 12.66%
SMTC Semtech Corp.              1,426 12.53%
SBUX Starbucks Corp.            25,767 9.21%
LEAP Leap Wireless International Inc.                  983 8.88%
TZA Direxion Daily Small Cap Bear 3X Shares              1,473 7.45%
AUTC AutoChina International Ltd.                  709 6.91%
IRM Iron Mountain Inc.              5,265 6.39%
MYRG MYR Group, Inc.                  472 5.88%
MW The Men's Wearhouse, Inc.              1,383 5.57%
QCOR Questcor Pharmaceuticals, Inc.                  810 5.55%
FAZ Direxion Daily Financial Bear 3X Shares              4,139 5.54%
CHSI Catalyst Health Solutions, Inc.              2,375 5.47%
DK Delek US Holdings Inc.                  603 5.41%
HTHT China Lodging Group, Limited              1,057 5.18%
AREX Approach Resources, Inc.                  783 4.87%
SAFM Sanderson Farms, Inc.                  942 4.51%
AVAV AeroVironment, Inc.                  709 4.28%
SVN 7 Days Group Holdings Limited                  955 4.06%
SKF ProShares UltraShort Financials              1,590 3.81%
SNDA Shanda Interactive Entertainment Ltd.              3,028 3.76%
JOSB Jos. A Bank Clothiers Inc.              1,262 3.68%
NFLX Netflix, Inc.            10,207 3.66%
SDS ProShares UltraShort S&P500              2,187 3.44%
QID ProShares UltraShort QQQ              3,115 3.10%
HRB H&R Block, Inc.              4,635 3.09%
FN Fabrinet                  692 2.73%
YOKU Inc. American Deposit              4,213 2.66%
MCP Molycorp, Inc.              4,001 2.63%
EDMC Education Management Corporation              1,457 2.60%
ALLT Allot Communications Ltd.                  315 2.43%
CYOU Limited              1,817 2.30%
SWY Safeway Inc.              8,104 2.18%
PGH Pengrowth Energy Trust              4,185 2.03%
NOAH Noah Holdings Ltd. American Dep                  748 1.97%
DWA DreamWorks Animation SKG Inc.              2,209 1.91%
CCC Calgon Carbon Corporation                  794 1.63%
SYNA Synaptics Inc.                  938 1.52%
JDSU JDS Uniphase Corporation              4,740 1.51%

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