Review: Top Stocks Ranked by Sector and Momentum


A quick glance at the Top Stocks Ranked by Sector and Momentum flashes a few warnings signs. Every time we've seen the monthly growth above 30% the market has corrected. Last week we hit 36% and right now we're sitting at 33.97%. This confirms the overbought signal on the market monitor.

Intially, I wanted to find some nice setups with our new Risk/Reward calulation (Column RR). After reviewing the stocks in the watchlist, I see a lot more "toppy" looking setups than bases forming. Below are a just a few. Time will tell.




2 Response to Review: Top Stocks Ranked by Sector and Momentum

Mac
September 28, 2010 at 6:04 PM

I've been watching VMW for a few weeks now keep wedging its way higher - that's another one looks toppy to me. AKAM as well. Wouldn't be surprised to see BIDU pull back into the low 90's soon either.

Dan
September 28, 2010 at 9:27 PM

Some wiggle room would be nice. Pretty hard to take any thing right now. long or short.

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