6 winners, 1 draw and 4 losers; avg gain across 11 names was +1.21%.
The LEV Leaders performed well today, especially when compared to QQQ's @ +0.53% and IWM @ +0.65%; this shows that the LEV Leaders are leading, and I view that as constructive.
The avg next day gains for each day posted in this thread is +0.50% per day
This is the avg of the avg gain % each day; no special weighting to account for more/less names on a particular day - just assumes the whole account is spread across all the names equally each day.
The attached .xls was only able to locate 4 LEV Leaders for tomorrow, I am not sure what, if anything, this pointing at.
PS: I am updating this post b/c someone reached out and shared the following with me re: the long list of +511 Club members:
@ RS 89:
1. FSL
2. LAMR
3. PCS
4. CBRL
5. PFPT
6. AOS
88:
SPF
EXAM
My Opinion: I have noticed some super moves over the last week or so: 1st from the bios's and pharms (GILD, BIIB, CELG, GSK, etc..) - the bio's pulled back over the last couple of days from unsustainable moves, and then a couple of days ago: NFLX, etc.. yesterday.. and then today.. lots of explosive moves (e.g. STMP, NXST, ANGI, NOW, AMBA, etc.) ... so, IMO... the RS bar has been raised considerably in the last week.
Last edited by Riskslayer; 04-25-2013 at 09:51 PM.
These are the *official* stats and would usually cause me some concern, but I was also tracking the near miss names that I posted on Th. They performed better:
These names averaged +1.71%. I am not going to include these #'s in the on-going stat's b/c although they did not meet the LEV Leader definition: they were only at RS +89 and +88 on Th night. But, I do look at this as providing evidence of more constructive forces at work in the market than I would have taken from the 4 LEV Leaders.
There are 12 LEV Leaders in the attached .xls for us to look at on Mon, and I feel that 12 names (vs 4) will provide a more representative view of the market.
I guess yesterday's post showing poor performance from LEV Leaders was telegraphing today's market action (despite decent gains on Tu across the indexes and some favorable MEM signals).
Much poorer performance today from yesterday's LEV Leaders: