MSW Stock Index on Fire

The MSW Index was busy today as 14 of the 27 stocks were up by 2% or more. For the day, the Index was up 1.33% but that includes the 5.95% drop in (HANS), a stock that I placed my sell at $95 and placed the MSW Index sell at $89.89 (our typical $60-$100 profit safety). Excluding the loss in (HANS), the index gained 1.62% (in addition to last week’s 4.65% gain. The fourteen stocks that moved ahead by 2% or more gained an average of 3.71% with True Religion (TRLG) leading the pack with a 7.52% gain.

The MSW energy stocks raced ahead with (GMXR) leading the pack with a 6.75% gain.
(UPL) was up 3.36%
(HYDL) was up 2.74%, did so on volume 151% larger than the 50-d m.a.
(HAL) was up 2.45%
(LUFK) was up 2.07%

The big winner from last week, Netlogic Microsystems (NETL), added another 2.48% on volume 139% larger than the 50-d m.a.

Finally, Under Armour (UARM) broke out above our buy zone of $40 with a 5.06% gain on volume only 19% larger than the 50-d m.a.

I will continue this analysis after I perform the typical “end of the day” research for tonight’s daily screen.

See you then,
Chris "Piranha"