Here are the top 10 performing stocks today...
This is one of the few, that while a C&D in price, at least has some decent volume, but... it rallied mostly with a ton of Cats and Dogs Biotechs, essentially Biotechs were moving today and even though this one has some volume, the price still makes it a speculative C&D stock as far as I'm concerned. The volume surge today was 828% of the normal 200 day average volume.
This is a C&D because of its average 200 day volume of 105k shares, it saw a 8673% move in volume today.
Another C&D on a 1804% volume surge, normally about 20k shares traded a day!
A real C&D with a 1436% surge in volume, average daily volume of about 16k shares!
This one rallied nearly 28% on 3400 shares total today
How about this surge of 774%, average volume around 10k a day.
A 28% gain on 200 shares!
A C&D that trades about 330k shares on a 512% surge in volume 65k shares a day, makes it a C&D stock.
The price may not look like a C&D, but the average volume of 65k, with a surge of 1417% today...
A 1684% surge in volume, normally around 80k a day.
Note that 5 of 10 were either biotechs or Ocean shippers.
I counted the top 150 performers today, there were 20 that were not Cats and dogs of the top 150, about 1/3 of those were shipping companies., followed by Biotechs and several other industries.
There were 222 stocks that gained more then 5% today, of that, 154 were Cats and Dogs. I stopped counting at 5% gain.
When looking at all stocks in the system and this doesn't include OTC/Pink Sheets, but stocks listed on the major exchanges, this is how today broke down:
1645 of 7224 gained between .01% and half of 1%
2568 of 7224 gained at least .01%
4656 of 7224 were either unchanged at 0% or at a loss
The theme today was clearly that the Cats and Dogs were rallying in a down market. As I mentioned earlier, in my past experience, when the Cats and Dogs rally, you're near the end of the move.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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