Nobody likes it when the markets takes a tumble like yesterday (Except the bears of course) But among the weakness, you can easily spot the stronger stocks and focus your long position.
The bubble map from finviz.com below shows clearly which stocks in the S&P 500 have relative strength. Some of these stocks moved up substantially and I have been covering their action in this blog like Bank of America (BAC), US Steel (X) and Celgene (CELG) among many others. The chart also confirms that financials and basic material stocks continue to show strong momentum going into 2014. I’ll be keeping an eye out on these green bubbles this year.
Finviz.com Bubble Map
