It's quite apparent there are pockets of strength in this market as evident by recent all time highs. They reads like an ironic tale of eating at McDonald's, then haven a Sam Adams and Phillip Morris smoke, then using an Apple device with Nike+ to redeem oneself the next day. There are also pockets of extreme weakness as well with a number of former leaders in severe decline. There have been few opportunities over the past few months to swing trade for any length of time as each day that passes is like being stuck in a crappy corner in minesweeper.
Currently volatility in the market has begun to wane and over all market breadth is much improved, however set ups continue to be few and far between at these times vehicle selection is critical. Since the October bottom, my preferred selection of stocks near 52-Week highs breaking out have not been working, but stocks near their lows are. Additionally low priced stocks in terminal declines have also shown to be performing well during this period.
In order to get a composite of what is currently working in the market I've used TeleChart to break down my universe into four time periods, Price Percent Change 5-Day, Price Percent Change 1-Month, Price Percent Change since 10/03/11 and Price Percent Change 26-Weeks. In conjunction I choose a heading list indicating the Symbol, Volume(Dollars)1-Day, Price Per Share, Sort Value, Price as Percent of 52 Week High, and Sub-Industry Group.
From this list I can then hone in on and separate according to my criteria which stocks are working and where strength is being shown.
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| 5 Day Change |
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| 1 Month Change |
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| Change Since 10/03/11 |
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| Change Over 26-Weeks |
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