Market review – Mon, July 8th ,2013: The major indexes Dow Jones, S&P 500 and NASDAQ surged at the open and posted nice gains. However, the indexes started to slide as an early reaction started to find the footing. But, it was orderly, though. The Dow Jones and the S&P 500 withstood the reaction, but the NASDAQ gave up most of the gains. But, they managed to regain some momentum in the afternoon, and ended the day with decent gains.

Volume: The trading volume picked up pace both in the NYSE and NASDAQ stock exchanges and came in heavier than Fridays level. But, the volume yet to kick into the 50 day moving average levels.

Growth stocks: The leading growth stocks from our watch list had a good day, today as they added another round of accumulation. Our Top 250 – Growth stock daily heat map also indicated a broad based bounce back, as well.

Recap: The indexes added another round of gains. The leading growth stocks also added nice gains, today. We are just waiting for the Dow Jones to clear the 15,340, S&P 500 – 1,654 and NASDAQ – 3,488 price resistance level. We will change the market outlook to “Confirmed Rally Mode”, as soon as one of the index clears the resistance price level.

So, just keep an eye on the leading growth stocks, and consider going long as they breakout.

Leading Growth Stocks up in higher volume:-

Ticker Name Price Price Change Price % Change Volume % Change
SILC – Ticker not present in the current file.
MX – Ticker not present in the current file.


Leading Growth Stocks down in higher volume:-

Ticker Name Price Price Change Price % Change Volume % Change
TRS – Ticker not present in the current file.
SODA – Ticker not present in the current file.



Dow Jones – Today’s Closing value : 15,224.69 +88.85 (+0.59%) Intraday High: 15,262.72 Intraday Low: 15,137.22.
S&P 500 – Today’s Closing value :1,640.46 +8.57 (+0.53%) Intraday High:1,644.68 Intraday Low: 1,634.20.
NASDAQ -Today’s Closing value :3,484.83 +5.45 (+0.16%) Intraday High: 3,495.51 Intraday Low: 3,475.39.
Volume – NYSE:3,519,726,217     NASDAQ: 1,522,025,355 Data as of 19:47 EST 07/08/2013.
Sources -> Index price: Yahoo Finance      Current volume: BATS Global Markets      Prior day NYSE: Yahoo Finance     Prior day NASDAQ: Yahoo Finance