Observing price and money flow during
corrections offers an excellent opportunity to rebuild watch list and notice emerging themes. Stocks showing relative strength and demand during these periods are noteworthy. One of the simplest public domain tools
available is BarCharts
All-Time-High. Going through last Friday's
list and sorting by sub-industry shows a cluster in Chemicals: POL, EMN, GRA and NEU.
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| POL |
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| EMN |
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| GRA |
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| NEU |
Another technique I've been using is a
year high volume scan on the Worden database and looking for stocks
that meet this criteria. I chose this because for one I consider it
significant and meaningful and secondly it produces a more
manageable universe of stocks to watch as on any given day a very
small handful will meet this parameter. Here are some recent
additions to my list.
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| ACI |
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| CFNL |
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| COHR |
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| SSI |
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| TASR |
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| TYL |
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