In the past 4 sessions the entire
months gains have been wiped away with most of the major indexes down
slightly more than 1.5% for February. This is what the market is
capable of and if not vigilant about being on top price action and
capital risk, weeks of work can be flushed away in mere days. So now
that the market has taken some serious dings it's time to find out
where the strength was today. Money will flow somewhere so looking
through All-Time-Highs, new 52-WK Highs, and Relative Strength are
good places to find it.
From the ATH list: VIPS, SSTK, FRGI, YY
and SQI stand out.
From new highs: NTWK, ATLK, KEYW, RDN,
BGFV, CAMP, and INAP.
Some RS: RKUS ENDP, ZOLT, CBR, AVG, and
SAM.
During corrections, besides watching
the panic and carnage, observing where the money is flowing can shed
clues to the next batch of market leaders.
30 Day Rolling Period of ATH:
30 Day Rolling Period of New Highs:
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