Strength in a weak market

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

Finviz.com Bubble Map

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
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