Surviving the Post-Apocalyptic Market
The major indices hit new rally highs on April 26, just eight days before a systematic failure dubbed the “flash crash” dropped the Dow Jones Industrial Average nearly 1,000 points in just a few minutes. While the markets bounced as quickly as they fell, the impact of the event still reverberates through the ticker tape over three months later.
According to Barrons, a September report from the Securities and Exchange Commission will conclude that high-frequency trading systems and other institutional traders all backed away on May 6, leaving retailers like you and me to twist in the wind with no quotes to sell. Of course, most of us watching the market that day already know what happened because it was obvious from the bizarre price action.
What we don’t know is how the SEC will restore lost confidence that has triggered a public stampede out of equities in the last three months. Sadly, when it comes to market regulation, this group of regulators is as clueless as were the Bush appointees, and U.S. stocks could get permanently broken if the multiple system failures aren’t fixed soon.
Just consider their initial response, which entailed busting trades that were 60% or more outside the prices posted just before the event. This arbitrary number was clearly designed to have as little impact as possible on the exchanges’ bottom lines. Meanwhile, it’s set to hurt nearly every investor or trader who panicked during the collapse and sold stocks because they suspected a terrorist bombing or a North Korea nuclear launch.
Also consider that this appalling decision destroyed classic risk-management principles that had been in place for generations. As with other trading educators, I tell every student who can’t watch the markets in real time to place stops on all open positions in order to avoid catastrophic losses. This is just good common sense, or so we thought.
We now know those sell orders turned into time bombs on May 6, because there was no liquidity or depth when they got triggered that afternoon. As a result, a huge number of retail players lost a fortune because positions closed out at 40%, 50% and even 59% discounts to prices in force just minutes before the catastrophe.
Many of these folks won’t buy another stock or exchange-traded fund until the SEC and exchanges rebuild confidence in this highly unstable market system. However, that might be an impossible chore. After all, 4,000 points on the Dow in 2009 and early 2010 failed to restore traditional inflows into equities destroyed by the bear market.
The SEC, exchanges and Wall Street want public investors and traders to believe the May 6 event was just a glitch or an aberration that carried little importance, and that it will never, ever happen again. Unfortunately everyone outside of Washington, DC understands that, even with the rumored rule changes, another flash crash is nearly inevitable.
Those of us who earn a living in the financial markets need to recognize this dire threat to our livelihoods, whether it’s a result of speculation or analysis. In a word, despite years of nonsense about level playing fields and cheap market access, the public thinks the game is permanently rigged. As such, they’re getting ready to abandon the markets — and never return.
I believe they’re right, up to a point, because lax regulation and rampaging algorithms have destroyed natural supply and demand. Statistical arbitrage and rebate strategies, instead of fundamental or technical positioning, are now controlling market movement through the lens of unbalanced numbers.
I nevertheless haven’t given up on the market strategies I’ve used successfully for almost two decades now, although it’s been a real tough summer for my bottom line. To respond to this enormous challenge, I’ve made a hundred adjustments to my trading methodologies and firmly believe I’ll prosper once the dust finally settles.
These modifications all fall along a line of risk reduction, with an element of guerilla tactics added into the mix. They furthermore capitalize on the financial markets as they really are in the summer of 2010, rather than addressing a fantasy world that exists in trading tutorials and instructional videos, but not on the real live ticker tape.
In no particular order, here are 10 of the techniques that I’m using to survive this perilous post-apocalyptic environment.
1. More Fibonacci: I’ve noticed that Fibonacci retracements are working unusually well these days, despite seemingly chaotic movement in the major indices.
2. Less Alpha: Exchange-traded funds are yielding better profits than are individual stocks because the technical movement is more predictable.
3. More Beta: I’m trading equity breakouts and breakdowns when the S&P 500 and Nasdaq 100 hit multiday highs or multiday lows, and the rest of the time I stand aside.
4. Less Overnight: I’m doing a ton of day trading and avoid taking positions between 11 a.m. and 2:30 p.m. EDT.
5. More Targeted Risk: I look for just one big play to take home overnight, or over a weekend, instead of buying a basket and risking a reversal in Europe or Asia.
6. Smaller Position Size: I’ve cut down position size across the board and am hitting for singles or doubles, rather than swinging for the fences.
7. More Commodities: I trade more metals, energy and agriculture because the commodity markets haven’t changed much in the last 30 years and the old strategies still work.
8. Less Chasing: I lose money whenever I chase momentum into a position. Therefore, I now spend more time waiting for gaps, magic numbers and “outliers.”
9. More Flipping: Scanning and flipping through the charts is taking twice the usual time because finding profitable needles in the haystack is much harder to do.
10. Less Intermediate: I’ve shut down my position trading account and have taken just two trades since May that I expected to hold for more than two or three days.
Citigroup (C) Ready To Bounce
Citigroup (C) has been selling off with other big banks, as the impact of financial reform weighs on investor sentiment. The stock is now pulling into support between 3.50 and 3.75 and should bounce strongly soon.
Amazon (AMZN) Turns The Corner
Wynn Resorts (WYNN)
Wynn Resorts (WYNN) has carved out a trading range, with support in the 70s and resistance at 90. It sold off on Friday, after reporting earnings, but recovered and closed near 88. The stock could challenge resistance this week and finally break out.
Wide Range Activity
Here are stocks showing unusual trading ranges in Thursday’s session. These often set up nice second day trading opportunities:
| Advanced Energy Ind Inc | AEIS | 17 | 3.19 | 25270 |
| Clean Energy Fuels Corp | CLNE | 16.56 | 0.88 | 30147 |
| Direxion Daily Real Estate Bear 3X Shares | DRV | 30.82 | -3.97 | 21939 |
| Education Management | EDMC | 15.17 | -1.55 | 8996 |
| Eagle Materials Inc | EXP | 25.72 | -1.04 | 11417 |
| Georgia Gulf Corp | GGC | 12.9 | 1.33 | 6123 |
| Idt Corp Cl B | IDT | 16.9 | 1.55 | 6842 |
| Isilon Systems Inc | ISLN | 16.38 | 2.82 | 33328 |
| Integrated Silicon Sol | ISSI | 9.05 | 1.12 | 8730 |
| Itron Inc | ITRI | 57.93 | -4.8 | 35579 |
| Janus Capital Group Inc | JNS | 10.59 | 1.12 | 141245 |
| LogMeln | LOGM | 27.8 | -1.99 | 6849 |
| Electro-Optical Sciences Inc | MELA | 6.71 | 0.24 | 11789 |
| Mercer Internat Inc Sbi | MERC | 4.79 | 0.34 | 3142 |
| Medco Health Solutions | MHS | 49 | -4.33 | 215655 |
| Mellanox Technologies Ltd | MLNX | 15.49 | -7.45 | 117326 |
| Netflix Inc | NFLX | 103.56 | -16.09 | 136039 |
| Sonic Solutions | SNIC | 7.68 | 0.78 | 4126 |
| Solarwinds Inc | SWI | 12.71 | -3.81 | 90998 |
| Sxc Health Sol Corp | SXCI | 64.46 | -2 | 10572 |
| TrueBlue` Inc. | TBI | 12.93 | 1.85 | 7040 |
| Tradestation Grp Inc | TRAD | 6.36 | -0.32 | 13817 |
| Usg Corp | USG | 13.17 | 0.09 | 26531 |
| Watsco Inc | WSO | 56.72 | -3.28 | 13243 |
Building Intraday Skills
- Have a proactive plan for the first and last hours. Experienced traders can play these periods aggressively, but newer traders should just sit on their hands.
- Become a student of time of day tendencies. Markets tend to trend within narrow time windows, while fakeouts take control for the rest of the session.
- Choose a set of intraday indicators and then leave them alone. Learn to interpret conflicting information, rather than searching for the perfect signal
- Stalk the NYSE TICK, watching for intraday highs and lows that might define an entire session. TICK has a life of its own and will save your neck, if you let it.
- Keep one eye on your positions and the other on the indices. When a position moves more sharply than an underlying index, it should continue to do so.
- Look for breakouts and breakdowns of 2- and 3-day trading ranges. These short-term swings will tell you if your positions are trending or running in place.
Down on an Up Day
The following stocks sold off on Wednesday, despite the huge recovery rally. Theoretically, stocks that underperform in good market conditions should lead to the downside in bad market conditions. (ETFs have been removed):
| Bj’s Wholesale Club Inc | BJ | 42.72 | -0.49 | 30425 |
| Bruker Corp | BRKR | 11.15 | -0.79 | 31327 |
| China Unicom Hong Kong Ltd | CHU | 13.6 | -0.07 | 16702 |
| Cke Restaurants Inc | CKR | 12.52 | -0.01 | 26128 |
| Cybersource Corporation | CYBS | 25.47 | -0.03 | 39340 |
| Dollar General Corporation | DG | 27.95 | -0.05 | 34631 |
| Dollar Tree Stores Inc | DLTR | 41.61 | -1.32 | 45206 |
| Edwards Life Sciences | EW | 55.24 | -1.36 | 24881 |
| Fti Consulting Inc | FCN | 32.14 | -11.13 | 119704 |
| Family Dollar Stores Inc | FDO | 36.26 | -3.18 | 142611 |
| Inverness Medical Tchnlg | IMA | 26.5 | -0.03 | 9153 |
| Korea Electric Power Corporation |
KEP | 12.79 | -0.16 | 10899 |
| Life Technologies Corporation | LIFE | 45.73 | -0.6 | 38504 |
| The Lorillard Group | LO | 72.51 | -0.14 | 20253 |
| Martin Marietta Material | MLM | 85.75 | -1.37 | 14125 |
| New York Times Co The | NYT | 8.54 | -0.03 | 33112 |
| Perkinelmer Incorporated | PKI | 19.53 | -0.02 | 26794 |
| Perrigo Co | PRGO | 56.44 | -0.62 | 23270 |
| Questcor Pharmaceuticals | QCOR | 9.44 | -0.06 | 5021 |
| Qiagen Nv | QGEN | 19.13 | -0.36 | 37500 |
| Smithfield Foods Inc | SFD | 13.91 | -0.27 | 48469 |
| AT&T Inc | T | 24.33 | -0.08 | 311934 |
| Thermo Fisher Scientific Inc | TMO | 48.64 | -0.33 | 61286 |
| Vulcan Materials Co | VMC | 43.74 | -0.57 | 21784 |
| Verizon Communications | VZ | 26.52 | -0.09 | 203096 |
| Waters Corp | WAT | 63.31 | -0.72 | 17057 |
Up on a Down Day
The following stocks moved higher on Tuesday, despite broad selling pressure. These fall into two broad categories: resilient in the face of weakness and short based funds and ultra funds:
| Athenahealth | ATHN | 25.71 | 0.45 | 10221 |
| Astrazeneca Plc | AZN | 48.74 | 4.02 | 79664 |
| BP P.L.C. | BP | 27.67 | 0.62 | 676131 |
| DynCorp International Inc | DCP | 17.46 | 0.06 | 24687 |
| DB Gold Double Long ETN | DGP | 33.39 | 0.08 | 14743 |
| ProShares UltraShort Oil & Gas | DUG | 74.24 | 4.35 | 25306 |
| ProShares UltraShort Dow 30 | DXD | 30.33 | 1.51 | 103061 |
| Direxion Daily Emerging Markets Bear 3x | EDZ | 48.72 | 5.11 | 42121 |
| ProShares UltraShort MSCI Emerging Mkts | EEV | 55.7 | 4.11 | 12232 |
| Direxion Energy Bear 3x Shares | ERY | 13.19 | 1.18 | 41110 |
| ProShares UltraShort Euro | EUO | 25.12 | 0.32 | 25934 |
| EV3 Inc | EVVV | 22.4 | 0.04 | 37015 |
| Direxion Financial Bear 3x Shares | FAZ | 16.82 | 1.59 | 889524 |
| ProShares UltraShort FTSE/Xinhua China 25 ETF | FXP | 40.13 | 2.96 | 25960 |
| SPDR Gold Trust | GLD | 121.27 | 0.18 | 173234 |
| Gymboree Corp | GYMB | 42.42 | 0.92 | 12301 |
| iShares COMEX Gold Trust ETF | IAU | 12.14 | 0.03 | 32485 |
| Liberty Acquisition Holdings Corporation | LIA | 9.93 | 0 | 802 |
| Annaly Cap Mgmt Inc | NLY | 17.26 | 0.02 | 160110 |
| ProShares UltraShort QQQ | QID | 19.43 | 1.37 | 290679 |
| RCN Corp | RCNI | 14.83 | 0.01 | 4199 |
| ProShares UltraShort DJ-UBS Crude Oil | SCO | 15.06 | 0.87 | 16209 |
| ProShares UltraShort S&P500 | SDS | 36.88 | 2.11 | 667547 |
| Smithfield Foods Inc | SFD | 15.08 | 0.2 | 74433 |
| ProShares Short S&P500 ETF | SH | 54.4 | 1.63 | 79876 |
| iShares Barclays 1-3 Year Treasury Bond Fund | SHY | 84.14 | 0.04 | 10434 |
| ProShares UltraShort Financials | SKF | 22.82 | 1.58 | 228462 |
| Salix Pharmaceuticals Ltd | SLXP | 38.45 | 0.04 | 9554 |
| ProShares Ultrashort Basic Material | SMN | 43.71 | 3.36 | 26375 |
| ProShares UltraShort Real Estate | SRS | 28.56 | 1.65 | 81102 |
| Sybase Inc | SY | 64.67 | 0.13 | 39776 |
| Teva Pharm Ind | TEVA | 51.98 | 0.68 | 102559 |
| iShares Barclays TIPS Bond Fund | TIP | 106.99 | 0.09 | 6124 |
| iShares Barclays 20+ Year Treasury Bond Fund | TLT | 101.07 | 1.09 | 73406 |
| ProShares UltraShort Russell2000 | TWM | 22.68 | 1.59 | 142941 |
| Technology Bear 3X | TYP | 9.67 | 0.95 | 16351 |
| PowerShares DB US Dollar Index Bullish Fund | UUP | 25.08 | 0.12 | 29834 |
| iPath S&P 500 VIX Short-Term Futures | VXX | 30.79 | 2.61 | 355836 |
| Zimmer Holdings | ZMH | 54.6 | 0.03 | 39318 |
Playing Post Russell
The following stocks showed unusual volume spikes in Friday’s session. Mean reversion after the Russell rebalancing could trigger buyable pullbacks on the stronger members of this group:
| ACE Limited | ACE | 53.2 | 0.41 | 224057 |
| Alcon Inc | ACL | 151.44 | 1.9 | 41210 |
| Accenture Ltd | ACN | 40.55 | 3 | 531599 |
| American Equity Invst Life Hld | AEL | 11.39 | 1.37 | 37837 |
| American Capital Agency Corp. | AGNC | 28.97 | 0.53 | 42618 |
| Assured Guaranty Ltd | AGO | 13.69 | 0.19 | 126382 |
| Alkermes Inc | ALKS | 13.09 | 0.87 | 44080 |
| Alterra Capital Holdings | ALTE | 19.08 | -0.14 | 88877 |
| Amgen Inc | AMGN | 56.26 | 0.11 | 332973 |
| Ares Capital | ARCC | 13.1 | -0.07 | 250178 |
| Asiainfo Holdings Inc | ASIA | 23.07 | 0.1 | 58593 |
| Atheros Communications Inc | ATHR | 29.85 | 0.36 | 109559 |
| Atlas Energy Inc | ATLS | 29.74 | 0.47 | 91505 |
| Aerovironment Inc | AVAV | 21.43 | -1.83 | 29094 |
| American Water Works | AWK | 21.02 | 0.22 | 56513 |
| Acuity Brands | AYI | 43.99 | -0.05 | 63875 |
| Brink’s Co | BCO | 20.4 | 0.22 | 41734 |
| Blackrock Kelso Cap Corp | BKCC | 10.16 | 0.16 | 60696 |
| Barnes & Noble Inc | BKS | 16.43 | 0.49 | 33219 |
| Berkshire Hathaway Cl B | BRKB | 81.9 | 3.04 | 1092429 |
| Bruker Corp | BRKR | 13.03 | -0.16 | 50979 |
| Biovail Corp | BVF | 19.54 | 0.53 | 76077 |
| Bally Technologies Inc | BYI | 35.88 | 1.06 | 71715 |
| Cardtronics | CATM | 12.65 | 0.87 | 25259 |
| Cooper Industries Inc | CBE | 46.68 | -0.27 | 102234 |
| Chicago Bridge & Iron Nv | CBI | 20.55 | 0.46 | 74528 |
| Brightpoint Inc | CELL | 7.8 | 0.14 | 40419 |
| Cinemark Holdings Inc | CNK | 15.01 | 0.32 | 37008 |
| Cogent Systems | COGT | 9.44 | 0.03 | 89119 |
| Covidien Ltd | COV | 41.95 | 0.38 | 331257 |
| CTC Media Inc | CTCM | 15.62 | 0.09 | 40793 |
| Commercial Vehicle Group Inc | CVGI | 11.72 | 0.43 | 37659 |
| Cypress Sharpridge Investments Incorporated | CYS | 12.75 | 0.22 | 67204 |
| Developers Diversified | DDR | 10.89 | 0.13 | 218898 |
| Discovery Communications Inc | DISCA | 37.63 | 0.33 | 206898 |
| Discovery Communications Inc | DISCK | 32.35 | 0.15 | 200949 |
| Euronet Worldwide Inc | EEFT | 13.31 | 0.33 | 24319 |
| Syneron Medical Ltd | ELOS | 10.9 | 0.51 | 52705 |
| Emergency Medical Services L.P. | EMS | 53.04 | -0.95 | 27036 |
| Enzon Pharmaceuticals Inc | ENZN | 11.43 | 0.32 | 26335 |
| E Trade Financial Corp | ETFCD | 13.03 | -0.09 | 245302 |
| Entercom Communications | ETM | 10.32 | 0.01 | 26589 |
| Eurand N.V. | EURX | 10.51 | 0.32 | 24845 |
| East West Bancorp Inc | EWBC | 15.92 | 0.1 | 190068 |
| Energy XXI (Bermuda) Limited | EXXI | 17.49 | 0.54 | 76640 |
| First American Corp | FAF | 13.67 | 0.41 | 87498 |
| Finish Line Inc Cl A | FINL | 14.76 | 0.42 | 46461 |
| Finisar Corporation | FNSR | 15.77 | 0.09 | 136795 |
| Formfactor Inc | FORM | 11.07 | 0.21 | 25584 |
| Fossil Inc | FOSL | 36.56 | -0.13 | 60244 |
| Fushi Copperweld` Inc. | FSIN | 9.06 | 0.23 | 32333 |
| 1st United Bancorp Incorporated | FUBC | 8.07 | 0.14 | 32996 |
| Gardner Denver Inc | GDI | 48.8 | 1.57 | 63667 |
| Georgia Gulf Corp | GGC | 15.73 | 0.46 | 39470 |
| Gsi Commerce Inc | GSIC | 30.43 | 1.37 | 49077 |
| Human Genome Sciences | HGSI | 24.19 | 0.06 | 260625 |
| Helix Energy Solutions Group Inc | HLX | 11.61 | 0.61 | 109300 |
| Zhongpin Inc | HOGS | 13.05 | 0.21 | 37894 |
| H&R Block Inc | HRB | 15.55 | 0.59 | 134409 |
| Harbin Electric Inc. | HRBN | 17.06 | 0.09 | 26453 |
| Houston American Energy Corp | HUSA | 12.54 | 0.45 | 28163 |
| Marinemax Inc | HZO | 7.65 | 0.31 | 27319 |
| L-1 Identity Solutions Inc | ID | 8.73 | 0.26 | 23980 |
| Informatica Corporation | INFA | 24.81 | -0.7 | 130085 |
| Innospec Inc | IOSP | 10.28 | -0.08 | 43384 |
| Ingersoll-rand Ltd Cl A | IR | 38 | -0.25 | 236923 |
| Iridium Communications Inc | IRDM | 9.99 | 0.09 | 58469 |
| Integrated Silicon Sol | ISSI | 8.35 | 0.1 | 40498 |
| Gartner Inc | IT | 24.5 | 0.16 | 57945 |
| Investment Technology | ITG | 17.44 | 0.31 | 40062 |
| Jaguar Mining Inc | JAG | 10.15 | 0.48 | 114110 |
| Jazz Pharmaceuticals Inc | JAZZ | 8.32 | 0.13 | 23733 |
| Jda Software Group Inc | JDAS | 23.68 | 0.49 | 24095 |
| Carmax Inc | KMX | 21.35 | 0.01 | 425654 |
| Lions Gate Entertainment | LGF | 7.27 | 0.27 | 78918 |
| Grand Canyon Education | LOPE | 23.5 | -0.22 | 24300 |
| Lululemon Athletica Inc. | LULU | 41.06 | -0.8 | 76648 |
| Media General | MEG | 10.8 | 0.33 | 23724 |
| Mercadolibre Inc. | MELI | 58.15 | 1.3 | 47237 |
| Mccormick & Company Inc | MKC | 38.97 | 0.01 | 24157 |
| Microsemi Corp | MSCC | 15.44 | 0.5 | 33455 |
| Mindspeed Technologies Inc | MSPD | 8.28 | -0.21 | 38681 |
| Newalliance Bancshares Inc | NAL | 11.54 | -0.01 | 29879 |
| Nanometrics Inc | NANO | 10.92 | 0.34 | 26736 |
| WilderHill New Energy Global Innovation Index | NEX.X | 190.44 | -0.03 | 2495484 |
| Northwest Bancshares Inc | NWBI | 12.06 | 0.32 | 99560 |
| Oclaro Incorporated | OCLR | 12.75 | 0.03 | 78858 |
| Ocwen Financial Corp | OCN | 10.58 | 0.47 | 33051 |
| Oritani Financial Corp | ORITD | 10.27 | -0.04 | 41815 |
| Overseas Shipholding Grp | OSG | 43.26 | 2.2 | 26125 |
| Penske Automotive | PAG | 12.5 | 0.31 | 35787 |
| Polycom Inc | PLCM | 30.51 | -0.43 | 109049 |
| Power-One Inc | PWER | 7.44 | 0.56 | 76969 |
| Regal-Beloit Corp | RBC | 57.19 | -0.57 | 37371 |
| Regeneron Pharm Inc | REGN | 24.53 | 0.06 | 73884 |
| Richardson Electrns Ltd | RELL | 9.63 | 0.52 | 23619 |
| Research In Motion Ltd | RIMM | 52.23 | -6.35 | 451243 |
| Retail Opportunity Inv Corp | ROIC | 9.92 | 0.17 | 64766 |
| Rural/metro Corp | RURL | 8.35 | 0.34 | 32040 |
| Sanmina-Sci Corporation | SANM | 15.25 | 0.12 | 123766 |
| Select Comfort Corp | SCSS | 9.49 | 0.17 | 86576 |
| Senorx` Inc | SENO | 10.98 | 0.01 | 27185 |
| Successfactors | SFSF | 21.94 | 0.59 | 27379 |
| Scientific Games Corp | SGMS | 10.45 | 0.21 | 88049 |
| Sirona Dental Systems Inc | SIRO | 37.37 | 1.34 | 24776 |
| Solera Holdings Inc | SLH | 37.5 | 0.97 | 71867 |
| Sonic Solutions | SNIC | 8.49 | 0.29 | 37866 |
| Sohu.Com Inc | SOHU | 42.02 | 0.16 | 28621 |
| Solarwinds Inc | SWI | 17.92 | 0.15 | 30410 |
| Skyworks Solutions Inc | SWKS | 17.59 | 0.5 | 295287 |
| Sxc Health Sol Corp | SXCI | 73.74 | 1.17 | 31169 |
| Sykes Enterprises Inc | SYKE | 15.63 | 0.42 | 23449 |
| Thompson Creek Metals Company Inc. | TC | 10.35 | 0.57 | 228867 |
| Tesco Corp | TESO | 13.35 | 0.62 | 49493 |
| Thoratec Corporation | THOR | 43.87 | 0.21 | 72498 |
| Tibco Software Inc | TIBX | 12.56 | 1.22 | 142250 |
| Timken Co | TKR | 28.51 | 0.7 | 27644 |
| Tempur-pedic Intl | TPX | 32.18 | -0.08 | 76218 |
| Targacept | TRGT | 21.01 | 0.31 | 37723 |
| Thomson Reuters Corp | TRI | 37.48 | 0.1 | 220250 |
| Tractor Supply Co | TSCO | 62.04 | -0.46 | 45628 |
| Tupperware Brands Corp | TUP | 40.09 | 1.72 | 65032 |
| Towers Watson & Co | TW | 40.54 | -1.2 | 36475 |
| Tyco International Ltd New | TYC | 37.11 | 0.38 | 328120 |
| Ultra Clean Holdings | UCTT | 8.86 | 0.07 | 28639 |
| Net 1 UEPS Technologies New | UEPS | 14.53 | -0.47 | 63469 |
| Domtar Corp | UFS | 52.47 | 0.02 | 48920 |
| Ultra Petroleum Corp | UPL | 46.87 | 0.31 | 106035 |
| VistaPrint Ltd | VPRT | 48.95 | -0.42 | 37791 |
| Wonder Auto Technology Inc | WATG | 8 | -0.02 | 30367 |
| Warner Chilcott Ltd Cl A | WCRX | 24.3 | -0.01 | 86880 |
| Wabash National Corp | WNC | 8.45 | 0.45 | 81163 |
| Whitney Holding Corp | WTNY | 10.01 | 0.13 | 119893 |
| Exxon Mobil Corporation | XOM | 59.1 | -0.97 | 1179938 |
| Xyratex Ltd | XRTX | 15.37 | 0.66 | 48836 |
Range Expansion Plays for June 14th
The following stocks showed notable range expansion in Friday’s session and could set up a variety of opportunities in Monday’s session:
| Arc Sight` Inc. | ARST | 23.4 | 31939 | 3.58 |
| Boston Private Fincl Hld | BPFH | 6.27 | 5755 | 0.5 |
| China Electric Motor Inc | CELM | 5.55 | 1553 | 0.63 |
| Conn’s Inc | CONN | 7.14 | 2199 | 0.73 |
| Canadian Solar Inc | CSIQ | 10.38 | 18902 | 0.59 |
| Delcath Systems Inc | DCTH | 10.22 | 38572 | 1.02 |
| Houston American Energy Corp | HUSA | 13.47 | 3005 | 1.6 |
| US Airways Group Inc | LCC | 9.93 | 147998 | 0.77 |
| Mannkind Corp | MNKD | 6.5 | 32312 | 0.25 |
| Pilgrim’s Pride Corp | PPC | 7.9 | 5680 | 0.77 |
| Perfect World Co Ltd | PWRD | 25.63 | 12971 | 3.17 |
| Sonic Solutions | SNIC | 9.69 | 14244 | 0.24 |
| Solarfun Power Holdings Co Ltd | SOLF | 8.11 | 32600 | 0.46 |
| Timberland Co | TBL | 19.37 | 15273 | 1.66 |