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Chuck Dukas wrote: Where the Money Flowed since the March 6th low. What Stocks & Industry Groups led / lagged? Since the market low March 6th we identified stocks & industry group leaders and laggards. This provided us with a snap-shot of where the money flowed based on best performing stocks and industry groups. This data can be massaged in many ways so I will KISS and allow for you all to digest. The analysis is broken down as such; 1) I first sort all stocks that have an average volume over the past 21 trading session of 1M shares plus. (weed out the babies). 2) A top down approach to the top 50 gainers and losers are printed. 3) The sort of the industry group provides an additional insight to the flow of multiple securities which lead or lag a group. 4) If there is three or more high volume issues leading or lagging a group we categorize this as a point to which money is flowing. The two industry groups leading the money flow are; Insurance (Life) and Regional Banks. And the laggards were; Biotechnology & Drugs, Misc. Financial Services & Schools. The 5 stocks having the largest gain; MGM up 532%, LVS 493%, TIN 406%, BCS 405% & HIG 401%. Those with the largest loss; SQNM lost 74%, SDS -50%, QID -45%, EBS - 44% & MYGN -21%. One way that I use this analysis..if the market corrects the likelihood of money flowing into the group with the sharpest decline could catch some traction.. SO, Biotech & Misc. Financial Services might be a favorable place where buying might develop. Anyone wanting the complete breakdown just email me at; chuck@TRENDadvisor.com place MoneyFlow in your subject line so as to not get discarded. View question - Answer question - Reply privately |
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