MarketMentat TechTriggers
Date: September 8th, 2010
The tables below indicate stocks that have fulfilled – or are approaching – our preferred technical criteria. As readers should be aware, our technical work is almost entirely ‘contrarian’: we believe the old aphorism “the trend is your friend” should be extended to account for the unpleasantness of stale friendships.
Once a trend becomes stale (when markets become overbought or oversold), we expect reversals of fortune.
Our TechTriggers concentrate on three criteria: overbought readings and divergences on the Commodity Channel Index (CCI), the Williams %R (W%R) and unusual volume (volume which is more than twice the average daily volume over the last month).
We only consider stocks that have sufficient liquidity – our criteria for liquidity is that they trade an average of $250,000 over the prior 20-day period.
Subscribers may also submit candidates for inclusion in the TechTriggers.
Stocks Hitting CCI OverboughtA total of 139 stocks hit CCI overbought in the past week | ASX Code | Date | CCI Level |
|---|
| CQR | Sep 1st | 666.7 | | BAR | Sep 2nd | 666.7 | | CQO | Sep 1st | 666.7 | | NAV | Sep 6th | 494.8 | | APA | Sep 3rd | 414.1 | | AJM | Sep 2nd | 412.7 | | PNN | Sep 7th | 401.8 | | DOM | Sep 1st | 393.8 | | SBL | Sep 6th | 392.8 | | AYT | Sep 3rd | 375.6 | | SNU | Sep 6th | 366.8 | | SER | Sep 1st | 354.7 | | LLA | Sep 7th | 352.5 | | LKO | Sep 6th | 342.2 | | GMR | Sep 1st | 339.3 | | SRM | Sep 6th | 328.5 | | MYG | Sep 7th | 325.9 | | RNG | Sep 1st | 318.8 | | AOK | Sep 3rd | 318.2 | | IRN | Sep 1st | 313.1 | | AVX | Sep 2nd | 307.5 | | TNC | Sep 2nd | 295.3 | | IDG | Sep 2nd | 295.1 | | FBU | Sep 6th | 294.3 | | WBB | Sep 7th | 293.8 | | PRC | Sep 2nd | 292.9 | | MLX | Sep 6th | 291.5 | | TCQ | Sep 2nd | 290 | | BVA | Sep 1st | 287.9 | | TZL | Sep 1st | 287 | | CLV | Sep 1st | 286.2 | | TGA | Sep 6th | 284.6 | | ENV | Sep 6th | 277.5 | | ILU | Sep 3rd | 277.5 | | RDS | Sep 6th | 276.9 | | NWR | Sep 7th | 275.7 | | AIQ | Sep 2nd | 275.6 | | TAL | Sep 7th | 275.4 | | BSR | Sep 1st | 275.2 | | CHZ | Sep 6th | 274.4 | | HRR | Sep 1st | 273.1 | | NZO | Sep 7th | 272.4 | | WAT | Sep 2nd | 272.2 | | SUL | Sep 3rd | 271.7 | | HDF | Sep 3rd | 271.7 | | VBA | Sep 1st | 270.2 | | QML | Sep 7th | 263.6 | | IBG | Sep 3rd | 263.3 | | BDG | Sep 3rd | 262.6 | | OEL | Sep 6th | 261 | | ROK | Sep 1st | 260.2 | | DLX | Sep 6th | 260.1 | | CRE | Sep 3rd | 259.9 | | ODY | Sep 7th | 259.5 | | TGR | Sep 1st | 258.9 | | GDY | Sep 7th | 258.1 | | ADG | Sep 7th | 257.9 | | BPH | Sep 1st | 257.3 | | VMG | Sep 2nd | 256.4 | | AVB | Sep 3rd | 256.1 | | ASW | Sep 3rd | 255 | | SFH | Sep 7th | 254.7 | | CFE | Sep 6th | 253.3 | | HIL | Sep 6th | 253.1 | | MSB | Sep 7th | 252.4 | | LOM | Sep 3rd | 251.3 | | VML | Sep 7th | 250.3 | | GBE | Sep 6th | 247.8 | | MUE | Sep 1st | 247.6 | | VIA | Sep 3rd | 246.8 | | FLT | Sep 2nd | 245.2 | | MGR | Sep 2nd | 242.5 | | LYC | Sep 6th | 242 | | BLD | Sep 2nd | 241.3 | | AEF | Sep 7th | 240.6 | | CSS | Sep 2nd | 240.1 | | ORM | Sep 6th | 237.9 | | IMP | Sep 6th | 236.8 | | TPC | Sep 7th | 236.8 | | MEP | Sep 1st | 236.6 | | JBH | Sep 2nd | 235.4 | | CHN | Sep 6th | 233.5 | | SAR | Sep 3rd | 233.1 | | NCM | Sep 1st | 232.9 | | BLG | Sep 3rd | 231 | | SBM | Sep 1st | 231 | | TIS | Sep 6th | 229.3 | | GMG | Sep 2nd | 228.2 | | TSV | Sep 7th | 227.5 | | RPX | Sep 1st | 227.3 | | SMR | Sep 7th | 226.8 | | RIC | Sep 7th | 226.4 | | MVP | Sep 2nd | 224.7 | | MHM | Sep 3rd | 223.5 | | VKA | Sep 3rd | 223 | | CFX | Sep 2nd | 222.9 | | ALZ | Sep 2nd | 222.8 | | ORI | Sep 1st | 222.4 | | BCD | Sep 3rd | 222.2 | | AUZ | Sep 3rd | 222.2 | | MOX | Sep 6th | 221.4 | | HTX | Sep 2nd | 221.2 | | AMC | Sep 1st | 220.7 | | NPX | Sep 7th | 220.5 | | AZO | Sep 7th | 220 | | QBE | Sep 7th | 219.8 | | RRL | Sep 6th | 217.9 | | TDO | Sep 2nd | 217.5 | | MFF | Sep 7th | 216.9 | | AMX | Sep 3rd | 216.4 | | GUD | Sep 6th | 216.3 | | GME | Sep 2nd | 216.2 | | SGP | Sep 2nd | 216 | | IMU | Sep 2nd | 216 | | ANN | Sep 6th | 215.1 | | TDX | Sep 3rd | 214.8 | | NTU | Sep 6th | 214.6 | | KRB | Sep 6th | 214 | | SGM | Sep 7th | 213.1 | | EKM | Sep 7th | 212.2 | | MHL | Sep 7th | 212.2 | | GUF | Sep 6th | 211.7 | | HIG | Sep 3rd | 211.5 | | CNA | Sep 6th | 208.6 | | TRH | Sep 7th | 208.6 | | JML | Sep 7th | 207.6 | | GDN | Sep 7th | 207 | | QUR | Sep 3rd | 206.9 | | NLG | Sep 6th | 206.3 | | DTL | Sep 2nd | 205.8 | | REA | Sep 6th | 205.6 | | IPD | Sep 1st | 205.3 | | BYR | Sep 6th | 204.9 | | GFF | Sep 1st | 204.5 | | IOF | Sep 6th | 204.2 | | AVM | Sep 7th | 203 | | AXA | Sep 3rd | 201.2 | | SRI | Sep 6th | 200.7 | | IBC | Sep 2nd | 200.7 |
| Stocks Hitting CCI OversoldA total of 52 stocks hit CCI oversold in the past week | ASX Code | Date | CCI Level |
|---|
| SVW | Sep 2nd | -666.7 | | WEB | Sep 6th | -649.9 | | PUN | Sep 6th | -572.9 | | CXY | Sep 2nd | -491.6 | | TBR | Sep 6th | -376.4 | | RCY | Sep 1st | -360.7 | | PIM | Sep 6th | -355.4 | | TCL | Sep 6th | -341.4 | | CTN | Sep 7th | -338 | | AUB | Sep 1st | -333.6 | | AGK | Sep 1st | -333.4 | | BSR | Sep 2nd | -328.6 | | GCL | Sep 2nd | -314.9 | | GRY | Sep 7th | -311 | | TTS | Sep 1st | -276.3 | | CYS | Sep 2nd | -267.8 | | WIG | Sep 7th | -254.8 | | MQG | Sep 6th | -250.1 | | AUN | Sep 2nd | -243.9 | | BEC | Sep 1st | -240.8 | | IFM | Sep 1st | -238.6 | | NRL | Sep 7th | -238.2 | | REF | Sep 7th | -234 | | PRV | Sep 1st | -228.7 | | FSA | Sep 1st | -227.1 | | CVW | Sep 1st | -225.6 | | GBZ | Sep 6th | -224.4 | | AJL | Sep 1st | -224.1 | | SHV | Sep 1st | -223.3 | | PTR | Sep 6th | -222.7 | | COK | Sep 1st | -222.4 | | ARX | Sep 7th | -222.2 | | ASX | Sep 1st | -222.1 | | NHF | Sep 2nd | -222 | | TAH | Sep 1st | -222 | | BOL | Sep 3rd | -221.8 | | MDL | Sep 1st | -221.6 | | SXR | Sep 2nd | -218.2 | | PHG | Sep 1st | -215.9 | | LRF | Sep 1st | -212.4 | | MCP | Sep 7th | -211.1 | | GPR | Sep 1st | -210.4 | | ICP | Sep 7th | -208.9 | | PBP | Sep 6th | -206.5 | | ERM | Sep 1st | -205.6 | | ERJ | Sep 2nd | -205.6 | | CPN | Sep 2nd | -204.3 | | MXR | Sep 1st | -203.9 | | BTR | Sep 7th | -201.9 | | APD | Sep 3rd | -201.8 | | CWT | Sep 1st | -201.5 | | ALK | Sep 7th | -200.9 |
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Stocks Hitting %R OverboughtA total of 418 stocks hit overbought on Williams %R in the past week | Stocks Hitting %R OversoldA total of 288 stocks hit oversold on Williams %R in the past week |
Volume Spikes (Turnover > 300% of 20-day average)
A total of 11 had volume spikes during the past week
| ASX Code | Date | Turnover Ratio | Normal Turnover |
|---|
| NFE | Sep 1st | 8.1 | 802.7k |
| SKT | Sep 6th | 6.78 | 597.9k |
| AEC | Sep 1st | 6.58 | 502k |
| MAQ | Sep 1st | 4.56 | 295.3k |
| RSG | Sep 1st | 4.43 | 1.5m |
| CLO | Sep 1st | 4.37 | 363.1k |
| CYA | Sep 1st | 3.84 | 406.7k |
| VBA | Sep 1st | 3.63 | 6.7m |
| FML | Sep 1st | 3.24 | 1.2m |
| IRN | Sep 1st | 3.14 | 721.2k |
| SXL | Sep 1st | 3 | 1.6m |