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Head and Shoulders Top (Reversal)
A Head and Shoulders reversal pattern forms after an uptrend, and its completion marks a trend reversal. The pattern contains three successive peaks with the middle peak (head) being the highest and the two outside peaks (shoulders) being low and roughly equal. The reaction lows of each peak can be connected to form support, or a neckline.
As its name implies, the Head and Shoulders reversal pattern is made up of a left shoulder, a head, a right shoulder, and a neckline. Other parts playing a role in the pattern are volume, the breakout, price target and support turned resistance. We will look at each part individually, and then put them together with some examples.
Prior Trend: It is important to establish the existence of a prior uptrend for this to be a reversal pattern. Without a prior uptrend to reverse, there cannot be a Head and Shoulders reversal pattern (or any reversal pattern for that matter).
Left Shoulder: While in an uptrend, the left shoulder forms a peak that marks the high point of the current trend. After making this peak, a decline ensues to complete the formation of the shoulder (1). The low of the decline usually remains above the trend line, keeping the uptrend intact.
Head: From the low of the left shoulder, an advance begins that exceeds the previous high and marks the top of the head. After peaking, the low of the subsequent decline marks the second point of the neckline (2). The low of the decline usually breaks the uptrend line, putting the uptrend in jeopardy.
Right Shoulder: The advance from the low of the head forms the right shoulder. This peak is lower than the head (a lower high) and usually in line with the high of the left shoulder. While symmetry is preferred, sometimes the shoulders can be out of whack. The decline from the peak of the right shoulder should break the neckline.
Neckline: The neckline forms by connecting low points 1 and 2. Low point 1 marks the end of the left shoulder and the beginning of the head. Low point 2 marks the end of the head and the beginning of the right shoulder. Depending on the relationship between the two low points, the neckline can slope up, slope down or be horizontal. The slope of the neckline will affect the pattern's degree of bearishness—a downward slope is more bearish than an upward slope. Sometimes more than one low point can be used to form the neckline.
Volume: As the Head and Shoulders pattern unfolds, volume plays an important role in confirmation. Volume can be measured as an indicator (OBV, Chaikin Money Flow) or simply by analyzing volume levels. Ideally, but not always, volume during the advance of the left shoulder should be higher than during the advance of the head. This decrease in volume and the new high of the head, together, serve as a warning sign. The next warning sign comes when volume increases on the decline from the peak of the head. Final confirmation comes when volume further increases during the decline of the right shoulder.
Neckline Break: The head and shoulders pattern is not complete and the uptrend is not reversed until neckline support is broken. Ideally, this should also occur in a convincing manner, with an expansion in volume.
Support Turned Resistance: Once support is broken, it is common for this same support level to turn into resistance. Sometimes, but certainly not always, the price will return to the support break, and offer a second chance to sell.
Price Target: After breaking neckline support, the projected price decline is found by measuring the distance from the neckline to the top of the head. This distance is then subtracted from the neckline to reach a price target. Any price target should serve as a rough guide, and other factors should be considered as well. These factors might include previous support levels, Fibonacci retracements, or long-term moving averages.
Archer Daniels Midland Company (ADM)[Adm] formed a Head and Shoulders reversal with a slightly upward sloping neckline. Key points include:
The low at 17 1/2 marked the end of the left shoulder and the beginning of the head (1).
During the advance to 20 1/2, volume was still high, but not as high as during the left shoulder advance. However, during the next advance to 20, volume tapered off significantly.
Volume continued to decline until the breaking of the neckline. (Note red line on volume bars.)
The decline from 20 1/2 to 17 1/2 formed the second low point (2).
During the decline of the right shoulder and neckline break, volume expanded (red oval), and Chaikin Money Flow turned negative.
After the initial decline, there was a return to the neckline break (black arrow). Even during this decline, Chaikin Money Flow remained negative. The subsequent decline took the stock below 11.
The measurement from neckline to the top of the head was 3. With the neckline break at 17 1/2, this would imply a move to around 14 1/2. The July '98 low was 13 1/2. After a decline from 20 1/2, at least, a short reaction rally could have been expected.
The head and shoulders pattern is one of the most common reversal formations. It is important to remember that it occurs after an uptrend and usually marks a major trend reversal when complete. While it is preferable that the left and right shoulders be symmetrical, it is not an absolute requirement. They can be different widths as well as different heights. Identification of neckline support and volume confirmation on the break can be the most critical factors. The support break indicates a new willingness to sell at lower prices. Lower prices combined with an increase in volume indicate an increase in supply. The combination can be lethal, and sometimes, there is no second chance return to the support break. Measuring the expected length of the decline after the breakout can be helpful, but don't count on it for your ultimate target. As the pattern unfolds over time, other aspects of the technical picture are likely to take precedence.
Head and Shoulders Bottom (Reversal)
The Head and Shoulders Bottom, sometimes referred to as an Inverse Head and Shoulders, is a pattern that shares many common characteristics with its comparable partner, but relies more heavily on volume patterns for confirmation.
As a major reversal pattern, the Head and Shoulders Bottom forms after a downtrend, and its completion marks a change in trend. The pattern contains three successive troughs with the middle trough (head) being the deepest and the two outside troughs (shoulders) being shallower. Ideally, the two shoulders would be equal in height and width. The reaction highs in the middle of the pattern can be connected to form resistance, or a neckline.
The price action forming both Head and Shoulders Top and Head and Shoulders Bottom patterns remains roughly the same, but reversed. The role of volume marks the biggest difference between the two. Generally speaking, volume plays a larger role in bottom formations than top formations. While an increase in volume on the neckline breakout for a Head and Shoulders Top is welcomed, it is absolutely required for a bottom. We will look at each part of the pattern individually, keeping volume in mind, and then put the parts together with some examples.
Prior Trend: It is important to establish the existence of a prior downtrend for this to be a reversal pattern. Without a prior downtrend to reverse, there cannot be a Head and Shoulders Bottom formation.
Left Shoulder: While in a downtrend, the left shoulder forms a trough that marks a new reaction low in the current trend. After forming this trough, an advance ensues to complete the formation of the left shoulder (1). The high of the decline usually remains below any longer trend line, thus keeping the downtrend intact.
Head: From the high of the left shoulder, a decline begins that exceeds the previous low and forms the low point of the head. After making a bottom, the high of the subsequent advance forms the second point of the neckline (2). The high of the advance sometimes breaks a downtrend line, which calls into question the robustness of the downtrend.
Right Shoulder: The decline from the high of the head (neckline) begins to form the right shoulder. This low is always higher than the head, and it is usually in line with the low of the left shoulder. While symmetry is preferred, sometimes the shoulders can be out of whack, and the right shoulder will be higher, lower, wider, or narrower. When the advance from the low of the right shoulder breaks the neckline, the Head and Shoulders Bottom reversal is complete.
Neckline: The neckline forms by connecting reaction highs 1 and 2. Reaction High 1 marks the end of the left shoulder and the beginning of the head. Reaction High 2 marks the end of the head and the beginning of the right shoulder. Depending on the relationship between the two reaction highs, the neckline can slope up, slope down, or be horizontal. The slope of the neckline will affect the pattern's degree of bullishness: an upward slope is more bullish than a downward slope.
Volume: While volume plays an important role in the Head and Shoulders Top, it plays a crucial role in the Head and Shoulders Bottom. Without the proper expansion of volume, the validity of any breakout becomes suspect. Volume can be measured as an indicator (OBV, Chaikin Money Flow) or simply by analyzing the absolute levels associated with each peak and trough.
Volume levels during the first half of the pattern are less important than in the second half. Volume on the decline of the left shoulder is usually pretty heavy and selling pressure quite intense. The intensity of selling can even continue during the decline that forms the low of the head. After this low, subsequent volume patterns should be watched carefully to look for expansion during the advances.
The advance from the low of the head should show an increase in volume and/or better indicator readings, e.g., CMF > 0 or rise in OBV. After the reaction high forms the second neckline point, the right shoulder's decline should be accompanied with light volume. It is normal to experience profit-taking after an advance. Volume analysis helps distinguish between normal profit-taking and heavy selling pressure. With light volume on the pullback, indicators like CMF and OBV should remain strong. The most important moment for volume occurs on the advance from the low of the right shoulder. For a breakout to be considered valid, there needs to be an expansion of volume on the advance and during the breakout.
Neckline Break: The Head and Shoulders Bottom pattern is not complete, and the downtrend is not reversed until neckline resistance is broken. For a Head and Shoulders Bottom, this must occur in a convincing manner, with an expansion of volume.
Resistance Turned Support: Once resistance is broken, it is common for this same resistance level to turn into support. Often, the price will return to the resistance break, and offer a second chance to buy.
Price Target: After breaking neckline resistance, the projected advance is found by measuring the distance from the neckline to the bottom of the head. This distance is then added to the neckline to reach a price target. Any price target should serve as a rough guide, and other factors should be considered, as well. These factors might include previous resistance levels, Fibonacci retracements or long-term moving averages.
Alaska Air Group, Inc. (ALK) formed a Head and Shoulders Bottom with a downward sloping neckline. Key points include:
1. The stock began a downtrend in early July, and declined from 60 to 26.
2. The low of the left shoulder formed with a large spike in volume on a sharp down day (red arrows).
3. The reaction rally at around 42 1/2 formed the first point of the neckline (1). Volume on the advance was respectable with many gray bars exceeding the 60-day SMA. (Note: gray bars denote advancing days, black bars declining days and the thin red horizontal is the 60-day SMA).
4. The decline from 42 1/2 to 26 (head) was quite dramatic, but volume did not get out of hand. Chaikin Money Flow was mostly positive when the lows around 26 were forming.
5. The advance off of the low saw a large expansion of volume (green oval) and gap up. The strength behind the move indicated that a significant low formed.
6. After the reaction high around 39, the second point of the neckline could be drawn (2).
7. The decline from 39 to 33 occurred on light volume until the final two days, when volume reached its highest point in a month. Even though there are two long black (down) volume bars, these are surrounded by above-average gray (up) volume bars. Also notice how trend line resistance near 35 became support around 33 on the price chart.
8. The advance off of the low of the right shoulder occurred with above average volume. Chaikin Money Flow was at its highest levels, and surpassed +20% shortly after neckline resistance was broken.
9. After breaking neckline resistance, the stock returned to this newfound support with a successful test around 35 (green arrow).
AT&T (T) formed a head and shoulders bottom with a flat neckline. The shoulders are a bit shallow, but the neckline and head are well pronounced. Key points include:
The stock established a 6-month downtrend with the trend line extending down from Mar-98.
After a head fake above the trend line in late June, the stock fell from 66 to 50 with a sharp increase in volume to form the left shoulder.
The rally to 61 met resistance from the trend line, and the reaction high became the first point of the neckline.
The decline from 61 to 48 finished with a piercing pattern to form the low of the head. Even though volume was heavy when the long black candlestick formed, the subsequent reversal occurred on even higher volume. This reversal was followed with a number of strong advances and up gaps. Also notice that Chaikin Money Flow was above +10% when the low of the head formed.
The advance from the low of the head broke above the trend line, extending down from Mar-98, and met resistance around 61. This reaction high formed the second point of the neckline.
The right shoulder was quite short and shallow. The low was recorded at 57 and Chaikin Money Flow remained above +10% the whole time. Support was found from the trend line that offered resistance a few weeks earlier.
The stock advanced sharply off of lows that formed the right shoulder, and volume increased three straight days (blue arrow). This is a bit early, but volume remained just above average for the neckline breakout a few days later. Also Chaikin Money Flow remained above +10% the whole time.
After the break of neckline resistance, the stock tested this newfound support twice while consolidating recent gains. The power arrived a few weeks later with a strong move off support and a huge increase in volume. The stock subsequently advanced from the low sixties to the low eighties.
Head and Shoulder Bottoms are one of the most common and reliable reversal formations. It is important to remember that they occur after a downtrend and usually mark a major trend reversal when complete. While it is preferable that the left and right shoulders be symmetrical, it is not an absolute requirement. Shoulders can be different widths as well as different heights. Keep in mind that technical analysis is more an art than a science. If you are looking for the perfect pattern, it may be a long time coming.
Analysis of the Head and Shoulders Bottom should focus on correct identification of neckline resistance and volume patterns. These are two of the most important aspects to a successful read, and by extension a successful trade. The neckline resistance breakout combined with an increase in volume indicates an increase in demand at higher prices. Buyers are exerting greater force, and the price is being affected.
As seen from the examples, traders do not always have to chase a stock after the neckline breakout. Often, but certainly not always, the price will return to this new support level and offer a second chance to buy. Measuring the expected length of the advance after the breakout can be helpful, but don't count on it for your ultimate target. As the pattern unfolds over time, other aspects of the technical picture are likely to take precedent. Technical analysis is dynamic, and your analysis should incorporate aspects of the long-, medium- and short-term picture.
Rising Wedge (Reversal)
The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. In contrast to symmetrical triangles, which have no definitive slope and no bullish or bearish bias, rising wedges definitely slope up and have a bearish bias.
Even though this article will focus on the rising wedge as a reversal pattern, the pattern can also fit into the continuation category. As a continuation pattern, the rising wedge will still slope up, but the slope will be against the prevailing downtrend. As a reversal pattern, the rising wedge will slope up and with the prevailing trend. Regardless of the type (reversal or continuation), rising wedges are bearish.
Prior Trend: In order to qualify as a reversal pattern, there must be a prior trend to reverse. The rising wedge usually forms over a 3-6 month period and can mark an intermediate or long-term trend reversal. Sometimes the current trend is totally contained within the rising wedge; other times the pattern will form after an extended advance.
Upper Resistance Line: It takes at least two reaction highs to form the upper resistance line, ideally three. Each reaction high should be higher than the previous high.
Lower Support Line: At least two reaction lows are required to form the lower support line. Each reaction low should be higher than the previous low.
Contraction: The upper resistance line and lower support line converge as the pattern matures. The advances from the reaction lows (lower support line) become shorter and shorter, which makes the rallies unconvincing. This creates an upper resistance line that fails to keep pace with the slope of the lower support line and indicates a supply overhang as prices increase.
Support Break: Bearish confirmation of the pattern does not come until the support line is broken in a convincing fashion. It is sometimes prudent to wait for a break of the previous reaction low. Once support is broken, there can sometimes be a reaction rally to test the newfound resistance level.
Volume: Ideally, volume will decline as prices rise and the wedge evolves. An expansion of volume on the support line break can be taken as bearish confirmation.
The rising wedge can be one of the most difficult chart patterns to accurately recognize and trade. While it is a consolidation formation, the loss of upside momentum on each successive high gives the pattern its bearish bias. However, the series of higher highs and higher lows keeps the trend inherently bullish. The final break of support indicates that the forces of supply have finally won out and lower prices are likely. There are no measuring techniques to estimate the decline – other aspects of technical analysis should be employed to forecast price targets.
ANN provides a good example of the rising wedge as a reversal pattern that forms in the face of weakening momentum and money flow.
Prior Trend: From a low around 10 in Oct-98, ANN surpassed 23 in less than 7 months. The final leg up was a sharp advance from below 15 in Feb. to 23.5 in mid-April.
Upper Resistance Line: The upper resistance line formed with three successively higher peaks.
Lower Support Line: The lower support line formed with three successive higher lows.
Contraction: The upper resistance line and lower support line converged as the pattern matured. A visual assessment confirms that the slope of the lower support line is steeper than that of the upper resistance line. Less slope in the upper resistance line indicates that momentum is waning as the stock makes new highs.
Support Break: The stock hugged the support line for over a week before finally breaking with a sharp decline. The previous reaction low was broken a few days later with long black candlestick (red arrow).
Volume: Chaikin Money Flow turned negative in late April and was well below -10% when the support line was broken. There was an expansion of volume when the previous reaction low was broken.
Support from the April reaction low around 20 turned into resistance and the stock tested this level in early July before declining further.
Falling Wedge (Reversal)
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout.
The falling wedge can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns.
Prior Trend: To qualify as a reversal pattern, there must be a prior trend to reverse. Ideally, the falling wedge will form after an extended downtrend and mark the final low. The pattern usually forms over a 3-6 month period and the preceding downtrend should be at least 3 months old.
Upper Resistance Line: It takes at least two reaction highs to form the upper resistance line, ideally three. Each reaction high should be lower than the previous highs.
Lower Support Line: At least two reaction lows are required to form the lower support line. Each reaction low should be lower than the previous lows.
Contraction: The upper resistance line and lower support line converge to form a cone as the pattern matures. The reaction lows still penetrate the previous lows, but this penetration becomes shallower. Shallower lows indicate a decrease in selling pressure and create a lower support line with less negative slope than the upper resistance line.
Resistance Break: Bullish confirmation of the pattern does not come until the resistance line is broken in convincing fashion. It is sometimes prudent to wait for a break above the previous reaction high for further confirmation. Once resistance is broken, there can sometimes be a correction to test the newfound support level.
Volume: While volume is not particularly important on rising wedges, it is an essential ingredient to confirm a falling wedge breakout. Without an expansion of volume, the breakout will lack conviction and be vulnerable to failure.
As with rising wedges, the falling wedge can be one of the most difficult chart patterns to accurately recognize and trade. When lower highs and lower lows form, as in a falling wedge, a security remains in a downtrend. The falling wedge is designed to spot a decrease in downside momentum and alert technicians to a potential trend reversal. Even though selling pressure may be diminishing, demand does not win out until resistance is broken. As with most patterns, it is important to wait for a breakout and combine other aspects of technical analysis to confirm signals.
FCX provides a textbook example of a falling wedge at the end of a long downtrend.
Prior Trend: The downtrend for FCX began in the third quarter of 1997. There was a brief advance in Mar-98, but the downtrend resumed and the stock was trading at new lows by Feb-99.
Upper Resistance Line: The upper resistance line formed with four successively lower peaks.
Lower Support Line: The lower support line formed with four successive lower lows.
Contraction: The upper resistance line and lower support line converged as the pattern matured. Even though each low is lower than the previous low, these lows are only slightly lower. The shallowness of the new lows indicates that demand is stepping almost immediately after a new low is recorded. The supply overhang remains, but slope of the upper resistance line is more negative than the lower support line.
Resistance Break: In contrast to the three previous lows, the late February low was flat and consolidated just above 9 for a few weeks. The subsequent breakout in March occurred with a series of strong advances. In addition, there was a positive divergence in the PPO.
Volume: After the large volume decline on 24-Feb (red arrow), upside volume began to increase. Above-average volume continued on advancing days and when the stock broke trend line resistance. Money flows confirmed the strength by surpassing their Nov-98 high and moving to their highest level since Apr-98.
After the trend line breakout, there was a brief pullback to support from the trend line extension. The stock consolidated for a few weeks and then advanced further on increased volume again.
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Gaps and Gap Analysis
Have you ever wondered what causes gaps in price charts and what they mean? Well, you've come to the right place. Just in case, a gap is an area on a price chart in which there were no trades. Normally this occurs between the close of the market on one day and the next day's open. Lot's of things can cause this, such as an earnings report coming out after the stock market has closed for the day. If the earnings were significantly higher than expected, many investors might place buy orders for the next day. This could result in the price opening higher than the previous day's close. If the trading that day continues to trade above that point, a gap will exist in the price chart. Gaps can offer evidence that something important has happened to the fundamentals or the psychology of the crowd that accompanies this market movement. Before we get into the different types of gaps, here is a chart showing a gap so you will know what we are talking about.
Gaps appear more frequently on daily charts, where every day is an opportunity to create an opening gap. Gaps on weekly or monthly charts are fairly rare: the gap would have to occur between Friday's close and Monday's open for weekly charts and between the last day of the month's close and the first day of the next month's for the monthly charts. Gaps can be subdivided into four basic categories: Common, Breakaway, Runaway, and Exhaustion.
Common Gaps
Sometimes referred to as a trading gap or an area gap, the common gap is usually uneventful. In fact, they can be caused by a stock going ex-dividend when the trading volume is low. These gaps are common (get it?) and usually get filled fairly quickly. ”Getting filled” means that the price action at a later time (few days to a few weeks) usually retraces at the least to the last day before the gap. This is also known as closing the gap. Here is a chart of two common gaps that have been filled. Notice that after the gap the prices have come down to at least the beginning of the gap? That is called closing or filling the gap.
A common gap usually appears in a trading range or congestion area, and reinforces the apparent lack of interest in the stock at that time. Many times this is further exacerbated by low trading volume. Being aware of these types of gaps is good, but doubtful that they will produce a trading opportunities.
Breakaway Gaps
Breakaway gaps are the exciting ones. They occur when the price action is breaking out of their trading range or congestion area. To understand gaps, one has to understand the nature of congestion areas in the market. A congestion area is just a price range in which the market has traded for some period of time, usually a few weeks or so. The area near the top of the congestion area is usually resistance when approached from below. Likewise, the area near the bottom of the congestion area is support when approached from above. To break out of these areas requires market enthusiasm and, either, many more buyers than sellers for upside breakouts or more sellers than buyers for downside breakouts.
Volume will (should) pick up significantly, for not only the increased enthusiasm, but many are holding positions on the wrong side of the breakout and need to cover or sell them. It is better if the volume does not happen until the gap occurs. This means that the new change in market direction has a chance of continuing. The point of breakout now becomes the new support (if an upside breakout) or resistance (if a downside breakout). Don't fall into the trap of thinking this type of gap, if associated with good volume, will be filled soon. It might take a long time. Go with the fact that a new trend in the direction of the stock has taken place, and trade accordingly. Notice in the chart below how prices spent over 2 months without going lower than about 41. When they did, it was with increased volume and a downward breakaway gap.
A good confirmation for trading gaps is if they are associated with classic chart patterns. For example, if an ascending triangle suddenly has a breakout gap to the upside, this can be a much better trade than a breakaway gap without a good chart pattern associated with it. The chart below shows the normally bullish ascending triangle (flat top and rising, lower trend line) with a breakaway gap to the upside, as you would expect with an ascending triangle.
Runaway Gaps
Runaway gaps are also called measuring gaps, and are best described as gaps that are caused by increased interest in the stock. For runaway gaps to the upside, it usually represents traders who did not get in during the initial move of the up trend and while waiting for a retracement in price, decided it was not going to happen. Increased buying interest happens all of a sudden, and the price gaps above the previous day's close. This type of runaway gap represents an almost panic state in traders. Also, a good uptrend can have runaway gaps caused by significant news events that cause new interest in the stock. In the chart below, note the significant increase in volume during and after the runaway gap.
Runaway gaps can also happen in downtrends. This usually represents increased liquidation of that stock by traders and buyers who are standing on the sidelines. These can become very serious as those who are holding onto the stock will eventually panic and sell – but sell to whom? The price has to continue to drop and gap down to find buyers. Not a good situation.
The term measuring gap is also used for runaway gaps. This is an interpretation that is hard to find examples for, but it is a way of helping one decide how much longer a trend will last. The theory is that the measuring gap will occur in the middle of, or half way through, the move.
Sometimes, the futures market will have runaway gaps that are caused by trading limits imposed by the exchanges. Getting caught on the wrong side of the trend when you have these limit moves in futures can be horrifying. The good news is that you can also be on the right side of them. These are not common occurrences in the futures market despite all the wrong information being touted by those who do not understand it, and are only repeating something they read from an uninformed reporter.
Exhaustion Gaps
Exhaustion gaps are those that happen near the end of a good up- or downtrend. They are many times the first signal of the end of that move. They are identified by high volume and large price difference between the previous day's close and the new opening price. They can easily be mistaken for runaway gaps if one does not notice the exceptionally high volume.
It is almost a state of panic if the gap appears during a long down move where pessimism has set in. Selling all positions to liquidate holdings in the market is not uncommon. Exhaustion gaps are quickly filled as prices reverse their trend. Likewise, if they happen during a bull move, some bullish euphoria overcomes trades, and buyers cannot get enough of that stock. The prices gap up with huge volume; then, there is great profit taking and the demand for the stock totally dries up. Prices drop, and a significant change in trend occurs. Exhaustion gaps are probably the easiest to trade and profit from. In the chart, notice that there was one more day of trading to the upside before the stock plunged. The high volume was the giveaway that this was going to be, either, an exhaustion gap or a runaway gap. Because of the size of the gap and the near doubling of volume, an exhaustion gap was in the making here.
Conclusion
There is an old saying that the market abhors a vacuum and all gaps will be filled. While this may have some merit for common and exhaustion gaps, holding positions waiting for breakout or runaway gaps to be filled can be devastating to your portfolio. Likewise, waiting to get on-board a trend by waiting for prices to fill a gap can cause you to miss the big move. Gaps are a significant technical development in price action and chart analysis, and should not be ignored. Japanese candlestick analysis is filled with patterns that rely on gaps to fulfill their objectives.
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FFDF FFD Financial Corp Nasdaq 1.00M 1.02M N/A S&Ls/Savings Banks
VIDE Video Display Corp Nasdaq 1.00M 6.23M 1.61% Electronic Instruments & Controls
ATRM Aetrium, Inc. Nasdaq 1.01M 1.19M 0.06% Semiconductors
TSRI TSR Inc Nasdaq 1.03M 1.96M 0.15% Software & Programming
ACY AeroCentury Corp AMEX 1.12M 1.61M 0.09% Rental & Leasing
RITT RiT Technologies Ltd. Nasdaq 1.12M 12.76M 0.69% Communications Equipment
VRTA Vestin Realty Mortgage I Inc Nasdaq 1.14M 5.58M 0.32% Real Estate Operations
MHH Mastech Holdings Inc AMEX 1.18M 4.31M 0.21% Computer Services
VALU Value Line Inc Nasdaq 1.18M 9.82M 0.41% Investment Services
SAL Salisbury Bancorp Inc AMEX 1.21M 1.71M 0.17% Regional Banks
ESTE Earthstone Energy, Inc. Nasdaq 1.24M 13.82M 0.19% Oil & Gas Operations
HIFS Hingham Institution for Savings Nasdaq 1.25M 2.11M 0.30% S&Ls/Savings Banks
FWV First West Virginia Bancorp AMEX 1.26M 1.73M 0.02% Regional Banks
QADB QAD, Inc. Nasdaq 1.28M 3.19M 0.59% Software & Programming
USMD USMD Holdings Inc Nasdaq 1.28M 10.18M 0.15% Healthcare Facilities
NSYS Nortech Systems Inc Nasdaq 1.34M 2.74M 0.12% Electronic Instruments & Controls
NRCIB National Research Corp Nasdaq 1.35M 3.49M 11.24% Business Services
TIK Tel-Instrument Electronics AMEX 1.36M 3.25M 0.12% Aerospace and Defense
TCI Transcontinental Realty Investors NYSE 1.36M 8.72M 0.04% Real Estate Operations
EMCF Emclaire Financial Corp Nasdaq 1.37M 1.77M 0.03% Regional Banks
KOSS Koss Corp Nasdaq 1.38M 7.38M 0.78% Audio & Video Equipment
WVFC WVS Financial Corp Nasdaq 1.39M 2.05M 0.07% S&Ls/Savings Banks
OBAS Optibase Ltd. Nasdaq 1.40M 5.12M 0.32% Communications Equipment
OFED Oconee Federal Financial Nasdaq 1.40M 5.83M 0.08% S&Ls/Savings Banks
CKX CKX Lands Inc AMEX 1.42M 1.94M 0.05% Oil & Gas Operations
GYRO Gyrodyne Co of America Inc Nasdaq 1.44M 1.48M 4.15% Real Estate Operations
TCCO Technical Communications Corp Nasdaq 1.45M 1.84M 1.37% Communications Equipment
AAMC Altisource Asset Management Co AMEX 1.45M 2.19M 14.26% Investment Services
JXSB Jacksonville Bancorp Inc/IL Nasdaq 1.46M 1.82M 0.16% S&Ls/Savings Banks
PW Pittsburgh & West Virginia Railroad AMEX 1.47M 1.73M 0.13% Real Estate Operations
ELSE Electro-Sensors Inc Nasdaq 1.47M 3.40M 0.12% Scientific & Technical Instruments
FBSI First Bancshares Inc/MO Nasdaq 1.48M 1.55M N/A S&Ls/Savings Banks
GTWN Georgetown Bancorp Inc Nasdaq 1.49M 1.83M 0.33% S&Ls/Savings Banks
GNI Great Northern Iron Ore Properties NYSE 1.50M 1.50M N/A Metal Mining
NSEC National Security Group Inc Nasdaq 1.51M 2.51M 0.13% Insurance (Life)
CTIB CTI Industries Corp Nasdaq 1.51M 3.30M 0.32% Fabricated Plastic & Rubber
ATRI Atrion Corp Nasdaq 1.52M 1.95M 2.47% Medical Equipment & Supplies
CZFC Citizens First Corp Nasdaq 1.52M 1.97M 0.02% Regional Banks
JCDAF Jacada Ltd. Nasdaq 1.52M 4.24M N/A Software & Programming
ITIC Investors Title Co Nasdaq 1.53M 2.03M 0.15% Insurance (Property & Casualty)
NBTF NB&T Financial Group Inc Nasdaq 1.56M 3.43M 0.07% Regional Banks
BELFA Bel Fuse, Inc. Nasdaq 1.59M 2.18M 0.01% Electronic Instruments & Controls
JCTCF Jewett-Cameron Trading Ltd Nasdaq 1.59M 2.70M 1.14% Construction - Supplies and Fixtures
GCBC Greene County Bancorp Inc Nasdaq 1.59M 4.22M 0.15% S&Ls/Savings Banks
FSFG First Savings Financial Group, Nasdaq 1.61M 2.18M 0.04% S&Ls/Savings Banks
MARPS Marine Petroleum Trust Nasdaq 1.62M 2.00M 0.01% Misc. Financial Services
MTEX Mannatech,Inc. Nasdaq 1.62M 2.67M 2.04% Biotechnology & Drugs
AIRT Air T Inc Nasdaq 1.63M 2.36M 0.53% Air Courier
ESBK Elmira Savings Bank FSB Nasdaq 1.65M 2.64M 0.02% S&Ls/Savings Banks
TORM TOR Minerals International Inc Nasdaq 1.65M 3.01M 0.04% Chemical Manufacturing
CNYD China Yida Holdings Co Nasdaq 1.65M 3.92M 0.14% Broadcasting & Cable TV
HFBL Home Federal Bancorp Inc of LA Nasdaq 1.67M 2.20M 0.02% S&Ls/Savings Banks
ARKR Ark Restaurants Corp Nasdaq 1.69M 3.37M 0.18% Restaurants
ESP Espey Manufacturing & Electronics Corp AMEX 1.71M 2.36M 0.26% Electronic Instruments & Controls
LABC Louisiana Bancorp Inc Nasdaq 1.71M 2.80M 0.37% S&Ls/Savings Banks
WINA Winmark Corp Nasdaq 1.71M 5.00M 5.49% Misc. Financial Services
BRID Bridgford Foods Corp Nasdaq 1.72M 9.12M 0.17% Food Processing
DRAM Dataram Corp Nasdaq 1.73M 2.41M 1.04% Computer Storage Devices
MSBF MSB Financial Corp Nasdaq 1.73M 5.01M 0.01% S&Ls/Savings Banks
SIBC State Investors Bancorp, Inc. Nasdaq 1.74M 2.31M 0.05% S&Ls/Savings Banks
DYNT Dynatronics Corp Nasdaq 1.77M 2.52M 0.02% Medical Equipment & Supplies
LGL LGL Group Inc AMEX 1.78M 2.60M 0.09% Chemical Manufacturing
BNSO Bonso Electronic International Inc Nasdaq 1.78M 5.25M 0.09% Misc. Capital Goods
ALDX Aldeyra Therapeutics Inc Nasdaq 1.79M 5.56M 1.81% Biotechnology & Drugs
CIWV Citizens Financial Corp Nasdaq 1.83M 1.83M N/A Insurance (Accident & Health)
LIME Lime Energy Co. Nasdaq 1.84M 3.77M 1.79% Business Services
CFNB California First National Bancorp Nasdaq 1.84M 10.46M 0.31% Rental & Leasing
KEQU Kewaunee Scientific Corp Nasdaq 1.86M 2.63M 0.19% Scientific & Technical Instruments
SHIP Seanergy Maritime Holdings Cor Nasdaq 1.86M 13.85M 0.47% Water Transportation
WBKC Wolverine Bancorp, Inc. Nasdaq 1.87M 2.27M 0.02% S&Ls/Savings Banks
SGB Southwest Georgia Financial Corp AMEX 1.88M 2.55M 0.01% Regional Banks
PPSI Pioneer Power Solutions, Inc. Nasdaq 1.90M 7.17M 0.28% Electronic Instruments & Controls
RIVR River Valley Bancorp/IN Nasdaq 1.94M 2.51M 0.09% S&Ls/Savings Banks
UUU Universal Security Instruments Inc AMEX 1.95M 2.31M 0.77% Security Systems & Services
SMIT Schmitt Industries Inc Nasdaq 1.95M 3.00M 0.09% Scientific & Technical Instruments
ATEA Astea International Inc Nasdaq 1.95M 3.59M 0.01% Software & Programming
GBSN Great Basin Scientific, Inc. Nasdaq 1.97M 5.08M 0.04% Biotechnology & Drugs
SIF SIFCO Industries Inc AMEX 2.01M 5.41M 4.35% Aerospace and Defense
USLM United States Lime & Minerals Inc Nasdaq 2.02M 5.58M 2.05% Construction - Raw Materials
ARL American Realty Investors, Inc NYSE 2.02M 14.03M 0.15% Real Estate Operations
VSCP VirtualScopics Inc Nasdaq 2.03M 3.00M 0.10% Medical Equipment & Supplies
PRLS Peerless Systems Corp. Nasdaq 2.04M 2.72M 0.05% Software & Programming
BH Biglari Holdings, Inc NYSE 2.05M 2.07M 2.84% Restaurants
CPHC Canterbury Park Holding Corp Nasdaq 2.05M 4.20M 0.02% Casinos & Gaming
HRT Arrhythmia Research Technology Inc AMEX 2.06M 2.76M 0.70% Medical Equipment & Supplies
SFBC Sound Financial Bancorp Inc Nasdaq 2.10M 2.52M 0.09% Regional Banks
ALX Alexander's Inc NYSE 2.10M 5.11M 2.42% Real Estate Operations
LSBK Lake Shore Bancorp Inc Nasdaq 2.11M 5.94M 0.14% Real Estate Operations
GLBZ Glen Burnie Bancorp Nasdaq 2.12M 2.76M N/A Regional Banks
PFIN P&F Industries Inc Nasdaq 2.12M 3.58M 0.22% Appliances & Tools
AE Adams Resources & Energy Inc AMEX 2.13M 4.22M 1.72% Oil & Gas Operations
ANCB Anchor Bancorp Nasdaq 2.15M 2.47M 0.05% Regional Banks
DNBF DNB Financial Corp Nasdaq 2.17M 2.78M N/A Regional Banks
ICCC Immucell Corp Nasdaq 2.17M 3.03M 0.06% Biotechnology & Drugs
SIEB Siebert Financial Corp Nasdaq 2.17M 22.08M 0.71% Investment Services
ARTW Art's-Way Manufacturing Co Inc Nasdaq 2.18M 4.05M 0.03% Construction & Agricultural Machinery
TOF Tofutti Brands Inc AMEX 2.21M 5.15M 0.26% Food Processing
FMBH First Mid-Illinois Bancshares Inc Nasdaq 2.21M 5.88M 0.02% Regional Banks
MTSL MER Telemanagement Solutions Nasdaq 2.22M 4.67M 0.74% Communications Equipment
LBIX Leading Brands, Inc. Nasdaq 2.23M 2.93M 0.05% Containters & Packaging
NVEE NV5 Holdings, Inc. Nasdaq 2.23M 5.75M 1.75% Construction Services
BIOC Biocept Inc Nasdaq 2.25M 4.45M 0.10% Biotechnology & Drugs
NWLI National Western Life Insurance Co Nasdaq 2.26M 3.44M 1.89% Insurance (Life)
MYOS MYOS Corp Nasdaq 2.27M 2.91M 0.35% Biotechnology & Drugs
SPAN Span-America Medical Systems Inc Nasdaq 2.27M 2.96M 0.16% Medical Equipment & Supplies
CLNT Cleantech Solutions Internatio Nasdaq 2.27M 3.86M 4.35% Misc. Capital Goods
NEN New England Realty Associates AMEX 2.28M 3.08M 0.04% Real Estate Operations
TRT Trio Tech International AMEX 2.29M 3.51M N/A Scientific & Technical Instruments
ZOOM Zoom Technologies Inc Nasdaq 2.31M 3.01M N/A Communications Equipment
AUBN Auburn National Bancorporation Inc Nasdaq 2.31M 3.64M 0.03% Regional Banks
SMLR Semler Scientific Inc Nasdaq 2.33M 4.71M 0.05% Medical Equipment & Supplies
PSBH PSB Holdings Inc Nasdaq 2.33M 6.54M 0.07% Regional Banks
THST Truett-Hurst Inc Nasdaq 2.35M 3.75M 0.92% Beverages (Alcoholic)
MGYR Magyar Bancorp Inc Nasdaq 2.35M 5.82M 0.08% Regional Banks
AWX Avalon Holdings Corp AMEX 2.36M 3.19M 0.13% Trucking
OFLX Omega Flex Inc Nasdaq 2.38M 10.09M 2.66% Misc. Fabricated Products
ELLO Ellomay Capital Ltd AMEX 2.38M 10.69M N/A Misc. Financial Services
CALI China Auto Logistics Inc Nasdaq 2.39M 4.03M 1.18% Auto & Truck Manufacturers
RTGN Ruthigen Inc Nasdaq 2.40M 4.80M 1.24% Biotechnology & Drugs
MFCO Microwave Filter Co Inc Nasdaq 2.41M 2.58M N/A Electronic Instruments & Controls
BGI Birks Group Inc AMEX 2.41M 10.21M 0.39% Retail (Specialty Non-Apparel)
LOOK LookSmart, Ltd. Nasdaq 2.45M 5.77M 2.25% Computer Services
OTEL Otelco Inc Nasdaq 2.46M 2.87M 0.09% Communications Services
STND Standard Financial Corp. Nasdaq 2.47M 2.99M N/A S&Ls/Savings Banks
UNAM Unico American Corp Nasdaq 2.50M 5.34M 0.06% Insurance (Property & Casualty)
EEI Ecology and Environment Inc AMEX 2.52M 2.66M 0.13% Waste Management Services
DGLY Digital Ally, Inc. Nasdaq 2.54M 3.01M 29.99% Audio & Video Equipment
PBCP Polonia Bancorp Inc Nasdaq 2.54M 3.34M 0.06% S&Ls/Savings Banks
FCAP First Capital Inc Nasdaq 2.55M 2.74M 0.04% S&Ls/Savings Banks
HIHO Highway Holdings Ltd Nasdaq 2.55M 3.78M 0.12% Misc. Fabricated Products
WAYN Wayne Savings Bancshares Inc Nasdaq 2.57M 2.82M 0.12% S&Ls/Savings Banks
PLPC Preformed Line Products Co Nasdaq 2.57M 5.35M 2.26% Construction Services
EFUT Efuture Information Technology Inc Nasdaq 2.59M 3.99M 0.18% Computer Services
SMBC Southern Missouri Bancorp Inc Nasdaq 2.60M 3.70M 0.09% S&Ls/Savings Banks
RCON Recon Technology Ltd Nasdaq 2.60M 4.73M 4.10% Oil & Gas Operations
ESYS Elecsys Corp AMEX 2.61M 3.83M 0.11% Electronic Instruments & Controls
PDEX Pro-Dex, Inc. Nasdaq 2.61M 4.17M 0.35% Medical Equipment & Supplies
IPDN Professional Diversity Network Nasdaq 2.61M 12.62M 3.53% Computer Services
CLRX Collabrx, Inc Nasdaq 2.62M 2.93M 2.25% Semiconductors
UG United-Guardian Inc AMEX 2.62M 4.60M 0.65% Biotechnology & Drugs
MICT Micronet Enertec Technologies Nasdaq 2.63M 5.83M 0.69% Electronic Instruments & Controls
LARK Landmark Bancorp Inc/KS Nasdaq 2.68M 3.33M 0.11% S&Ls/Savings Banks
SINO Sino-Global Shipping America, Nasdaq 2.68M 6.20M 5.17% Misc. Transportation
IHT InnSuites Hospitality Trust AMEX 2.68M 8.31M 0.23% Real Estate Operations
SEV Sevcon, Inc. AMEX 2.70M 3.58M 0.24% Electronic Instruments & Controls
EVOK Evoke Pharma Inc Nasdaq 2.71M 6.11M 1.23% Personal & Household Products
ASBI Ameriana Bancorp Nasdaq 2.75M 3.01M 0.05% S&Ls/Savings Banks
NRX NephroGenex Inc Nasdaq 2.75M 8.86M 0.10% Biotechnology & Drugs
DL China Distance Education Hldgs NYSE 2.76M 35.69M N/A Schools
WSCI WSI Industries Inc Nasdaq 2.81M 2.91M 0.10% Aerospace and Defense
CBIN Community Bk Shares/Indiana Nasdaq 2.81M 3.45M 0.80% Regional Banks
POPE Pope Resources Inc-LP Nasdaq 2.82M 4.33M 0.03% Forestry & Wood Products
CNAF Commercial National Financial Corp/PA Nasdaq 2.85M 2.86M N/A Regional Banks
DVCR Diversicare Healthcare Service Nasdaq 2.85M 6.16M 0.03% Healthcare Facilities
PTSX Point.360 Nasdaq 2.85M 10.54M N/A Motion Pictures
ACU Acme United Corp AMEX 2.86M 3.29M 0.14% Office Supplies
DHIL Diamond Hill Investment Group Inc Nasdaq 2.86M 3.32M 2.00% Investment Services
CLBH Carolina Bank Holding Inc. Nasdaq 2.87M 3.44M 0.06% Misc. Financial Services
MLAB Mesa Laboratories Inc Nasdaq 2.87M 3.53M 3.10% Scientific & Technical Instruments
PFBX Peoples Financial Corp/MS Nasdaq 2.92M 5.12M 0.06% Regional Banks
BOTJ Bank of the James Financial Group Nasdaq 2.93M 3.36M 0.06% Regional Banks
SAR Saratoga Investment Corp. NYSE 2.95M 5.38M 0.45% Misc. Financial Services
BRBI Blue River Bancshares Inc Nasdaq 3.01M 3.46M N/A S&Ls/Savings Banks
HBMD Howard Bancorp Inc Nasdaq 3.01M 4.14M 0.08% Money Center Banks
GPIC Gaming Partners International Corp Nasdaq 3.01M 7.92M 0.02% Casinos & Gaming
High Short Interest Stocks
PPC Pilgrim's Pride Corporation Nasdaq 61.64% 51.47M 259.03M Food Processing
INSY Insys Therapeutics Inc Nasdaq 58.45% 10.63M 34.96M Biotechnology & Drugs
GPRO GoPro Inc Nasdaq 56.90% 22.42M 36.65M Photography
ESI ITT Educational Services, Inc. NYSE 55.12% 20.14M 23.45M Schools
EBIX Ebix, Inc. Nasdaq 54.57% 27.32M 36.68M Computer Networks
GDP Goodrich Petroleum Corp NYSE 50.28% 34.66M 44.43M Oil & Gas Operations
WLT Walter Energy, Inc. NYSE 48.07% 67.38M 68.08M Coal
JAKK JAKKS Pacific, Inc. Nasdaq 48.00% 17.86M 23.26M Recreational Products
CONN CONN'S, Inc. Nasdaq 47.13% 25.34M 36.26M Retail (Technology)
CLF Cliffs Natural Resources Inc NYSE 46.04% 144.07M 153.20M Metal Mining
TXTR Textura Corp NYSE 44.78% 17.17M 25.47M Software & Programming
GME GameStop Corp. NYSE 43.59% 110.33M 112.67M Retail (Technology)
MYGN Myriad Genetics, Inc. Nasdaq 43.38% 72.65M 72.98M Biotechnology & Drugs
NSR Neustar Inc NYSE 41.83% 52.93M 54.88M Communications Services
VRA Vera Bradley, Inc. Nasdaq 41.74% 21.91M 40.69M Apparel/Accessories
INTX Intersections Inc. Nasdaq 41.53% 9.16M 18.53M Computer Services
Z Zillow Inc Nasdaq 41.18% 29.61M 34.45M Real Estate Operations
XONE ExOne Co Nasdaq 40.89% 9.42M 14.44M Conglomerates
KEYW KEYW Holding Corp. Nasdaq 40.85% 30.69M 37.59M Business Services
PHMD PhotoMedex, Inc. Nasdaq 39.71% 10.04M 19.05M Medical Equipment & Supplies
CMCM Cheetah Mobile Inc NYSE 39.32% 17.14M 17.37M Software & Programming
SAFM Sanderson Farms, Inc. Nasdaq 39.09% 20.42M 23.07M Food Processing
WRLD World Acceptance Corp. Nasdaq 38.72% 8.35M 9.46M Consumer Financial Services
EAC Erickson Inc Nasdaq 38.05% 4.92M 13.81M Aerospace and Defense
LNN Lindsay Corporation NYSE 37.52% 11.88M 12.20M Construction & Agricultural Machinery
SFY Swift Energy Company NYSE 37.26% 42.22M 43.86M Oil & Gas Operations
OUTR Outerwall, Inc Nasdaq 37.04% 18.60M 18.91M Scientific & Technical Instruments
HLF Herbalife Ltd. NYSE 36.54% 82.02M 91.80M Personal & Household Products
ANV Allied Nevada Gold Corp. AMEX 36.36% 96.52M 104.44M Gold & Silver
VVUS VIVUS, Inc. Nasdaq 35.63% 102.66M 103.68M Biotechnology & Drugs
ALJ Alon USA Energy, Inc. NYSE 35.48% 26.83M 69.61M Oil & Gas Operations
DDD 3D Systems Corporation NYSE 35.48% 105.37M 111.22M Computer Peripherals
KING King Digital Entertainment PLC NYSE 35.22% 34.49M 314.93M Software & Programming
SRPT Sarepta Therapeutics Inc Nasdaq 34.94% 38.04M 41.31M Biotechnology & Drugs
JCP J.C. Penney Company, Inc. NYSE 34.66% 299.78M 304.80M Retail (Department & Discount)
INVN InvenSense Inc Nasdaq 34.54% 76.95M 90.06M Semiconductors
OREX Orexigen Therapeutics, Inc. Nasdaq 34.52% 105.94M 123.17M Biotechnology & Drugs
UBNT Ubiquiti Networks Inc Nasdaq 34.48% 27.22M 88.36M Communications Equipment
PHH PHH Corporation NYSE 34.37% 50.48M 50.84M Consumer Financial Services
EXAS EXACT Sciences Corporation Nasdaq 34.25% 82.86M 84.25M Biotechnology & Drugs
HAWK Blackhawk Network Holdings Inc Nasdaq 33.46% 12.36M 12.68M Business Services
CHGG Chegg Inc NYSE 33.36% 33.73M 83.85M Schools
NES Nuverra Environmental Solutions NYSE 33.02% 15.62M 27.31M Beverages (Non-Alcoholic)
ACRX AcelRx Pharmaceuticals Inc Nasdaq 33.01% 27.41M 43.71M Biotechnology & Drugs
XON Intrexon Corp NYSE 32.98% 36.66M 100.52M Business Services
SCTY SolarCity Corp Nasdaq 32.88% 56.69M 96.00M Semiconductors
CZR Caesars Entertainment Corp Nasdaq 32.69% 53.85M 144.36M Casinos & Gaming
HGG hhgregg, Inc. NYSE 31.86% 11.59M 28.39M Retail (Technology)
SZYM Solazyme Inc Nasdaq 31.65% 58.06M 79.30M Oil & Gas Operations
CRR CARBO Ceramics Inc. NYSE 31.63% 19.54M 23.09M Oil Well Services & Equipment
MCP Molycorp, Inc. NYSE 31.31% 185.05M 244.78M Metal Mining
MNKD MannKind Corp Nasdaq 31.21% 252.34M 405.70M Biotechnology & Drugs
THRX Theravance Inc Nasdaq 31.07% 79.68M 115.37M Biotechnology & Drugs
TITN Titan Machinery Inc. Nasdaq 30.90% 17.34M 21.41M Construction Services
TTS Tile Shop Holdings Inc Nasdaq 30.87% 25.91M 51.31M Construction - Raw Materials
AMRI Albany Molecular Research, Inc Nasdaq 30.82% 24.15M 32.61M Biotechnology & Drugs
ECPG Encore Capital Group, Inc. Nasdaq 30.56% 25.38M 25.72M Misc. Financial Services
PVA Penn Virginia Corporation NYSE 30.30% 69.78M 71.56M Oil & Gas Operations
ATLC Atlanticus Holdings Corp Nasdaq 30.05% 5.09M 13.91M Consumer Financial Services
AFSI Amtrust Financial Services, In Nasdaq 30.02% 29.30M 74.82M Insurance (Property & Casualty)
RH Restoration Hardware Holdings NYSE 29.96% 36.02M 39.50M Retail (Specialty Non-Apparel)
ARO Aeropostale Inc NYSE 29.67% 71.10M 79.10M Retail (Apparel)
VHC VirnetX Holding Corporation AMEX 29.65% 44.43M 52.00M Software & Programming
ANFI Amira Nature Foods Ltd NYSE 29.61% 15.97M 35.68M Food Processing
OMED Oncomed Pharmaceuticals Inc Nasdaq 29.49% 9.82M 29.83M Biotechnology & Drugs
TUES Tuesday Morning Corp. Nasdaq 29.49% 41.83M 43.74M Retail (Department & Discount)
DGLY Digital Ally, Inc. Nasdaq 29.47% 2.58M 3.01M Audio & Video Equipment
TASR TASER International, Inc. Nasdaq 29.00% 51.02M 52.52M Electronic Instruments & Controls
AMBA Ambarella Inc Nasdaq 28.86% 28.35M 29.70M Semiconductors
AMAG AMAG Pharmaceuticals, Inc. Nasdaq 28.79% 24.77M 25.30M Biotechnology & Drugs
CSLT Castlight Health Inc NYSE 28.79% 30.55M 30.70M Software & Programming
KYTH Kythera Biopharmaceuticals Inc Nasdaq 28.69% 15.89M 22.68M Biotechnology & Drugs
BONT Bon-Ton Stores, Inc., The Nasdaq 28.58% 14.62M 17.94M Retail (Department & Discount)
EOX Emerald Oil Inc AMEX 28.56% 55.04M 66.63M Oil & Gas Operations
GBX Greenbrier Companies Inc NYSE 28.36% 24.63M 26.95M Railroads
ZIOP ZIOPHARM Oncology Inc. Nasdaq 28.19% 62.44M 102.71M Biotechnology & Drugs
RPTP Raptor Pharmaceutical Corp. Nasdaq 27.90% 49.33M 63.56M Biotechnology & Drugs
GOGO Gogo Inc Nasdaq 27.86% 50.93M 85.27M Communications Services
PBPB Potbelly Corp Nasdaq 27.81% 13.54M 28.96M Restaurants
X United States Steel Corp NYSE 27.77% 143.90M 145.48M Iron & Steel
NSM Nationstar Mortgage Holdings I NYSE 27.59% 21.84M 90.98M Consumer Financial Services
ICON Iconix Brand Group Inc Nasdaq 27.57% 45.27M 47.98M Apparel/Accessories
USNA USANA Health Sciences, Inc. NYSE 27.56% 5.34M 12.31M Personal & Household Products
AEGR Aegerion Pharmaceuticals, Inc. Nasdaq 27.37% 26.56M 28.44M Biotechnology & Drugs
SPPI Spectrum Pharmaceuticals, Inc. Nasdaq 27.36% 62.75M 65.76M Biotechnology & Drugs
NLNK NewLink Genetics Corp Nasdaq 27.21% 19.96M 27.96M Biotechnology & Drugs
ASPS Altisource Portfolio Solutions Nasdaq 27.08% 14.26M 20.27M Consumer Financial Services
NOG Northern Oil & Gas, Inc. AMEX 26.94% 51.71M 60.97M Oil & Gas Operations
SUNE Sunedison Inc NYSE 26.67% 269.30M 270.97M Semiconductors
EXXI Energy XXI Limited Nasdaq 26.66% 90.76M 93.87M Oil & Gas Operations
CYTR CytRx Corporation Nasdaq 26.62% 46.77M 55.74M Biotechnology & Drugs
AKS AK Steel Holding Corp NYSE 26.56% 170.18M 177.08M Iron & Steel
CVC Cablevision Systems Corporatio NYSE 26.55% 209.82M 219.49M Broadcasting & Cable TV
ARWR Arrowhead Research Corp Nasdaq 26.35% 54.12M 54.68M Biotechnology & Drugs
RIG Transocean Ltd NYSE 26.25% 348.80M 362.24M Oil Well Services & Equipment
ATHN athenahealth Inc Nasdaq 26.10% 37.31M 38.09M Business Services
WAC Walter Investment Management C NYSE 26.00% 35.95M 37.71M Consumer Financial Services
ZQK Quiksilver, Inc. NYSE 25.77% 118.39M 171.17M Apparel/Accessories
EXEL Exelixis, Inc. Nasdaq 25.77% 189.11M 195.22M Biotechnology & Drugs
FMI Foundation Medicine Inc Nasdaq 25.75% 15.68M 28.31M Biotechnology & Drugs
RBCN Rubicon Technology Inc Nasdaq 25.69% 23.69M 26.15M Semiconductors
PETS PetMed Express Inc Nasdaq 25.63% 19.29M 20.26M Retail (Drugs)
AREX Approach Resources Inc. Nasdaq 25.62% 35.43M 39.56M Oil & Gas Operations
SGMS Scientific Games Corp Nasdaq 25.52% 48.78M 84.83M Casinos & Gaming
OMEX Odyssey Marine Exploration, In Nasdaq 25.48% 75.43M 85.32M Business Services
TSLA Tesla Motors Inc Nasdaq 25.48% 92.11M 125.38M Auto & Truck Manufacturers
CALL magicJack VocalTec Ltd Nasdaq 25.45% 13.71M 17.83M Computer Services
AUXL Auxilium Pharmaceuticals, Inc. Nasdaq 25.44% 50.55M 51.02M Biotechnology & Drugs
UNIS Unilife Corp Nasdaq 25.42% 96.12M 111.00M Medical Equipment & Supplies
ANF Abercrombie & Fitch Co. NYSE 25.41% 70.26M 71.37M Retail (Apparel)
FWM Fairway Group Holdings Corp Nasdaq 25.35% 20.63M 29.23M Retail (Grocery)
ANR Alpha Natural Resources, Inc. NYSE 25.34% 217.25M 221.57M Coal
LAKE Lakeland Industries, Inc. Nasdaq 25.32% 6.40M 7.04M Apparel/Accessories
CLVS Clovis Oncology Inc Nasdaq 25.30% 24.24M 34.00M Biotechnology & Drugs
GNRC Generac Holdings Inc. NYSE 25.19% 67.14M 68.87M Electronic Instruments & Controls
KN Knowles Corp NYSE 25.16% 84.66M 85.04M Audio & Video Equipment
TSRO TESARO Inc Nasdaq 25.10% 20.30M 36.10M Biotechnology & Drugs
PDLI PDL BioPharma Inc. Nasdaq 25.04% 144.80M 160.65M Biotechnology & Drugs
RCAP RCS Capital Corp NYSE 25.02% 36.15M 66.46M Investment Services
ARIA Ariad Pharmaceuticals, Inc. Nasdaq 25.02% 181.06M 187.21M Biotechnology & Drugs
IRBT iRobot Corporation Nasdaq 24.99% 28.35M 29.56M Appliances & Tools
DXM Dex Media Inc Nasdaq 24.93% 17.18M 17.63M Advertising
KERX Keryx Biopharmaceuticals Nasdaq 24.93% 89.96M 91.94M Biotechnology & Drugs
ZOES Zoe's Kitchen Inc NYSE 24.82% 16.67M 19.27M Restaurants
TFM Fresh Market Inc, The Nasdaq 24.78% 42.75M 48.42M Retail (Grocery)
SFXE SFX Entertainment Inc Nasdaq 24.68% 35.21M 90.57M Business Services
MED Medifast Inc NYSE 24.53% 8.96M 12.06M Food Processing
KNDI Kandi Technologies Group Inc Nasdaq 24.39% 30.82M 46.28M Auto & Truck Manufacturers
NWBO Northwest Biotherapeutics, Inc Nasdaq 24.37% 35.81M 62.22M Biotechnology & Drugs
VNDA Vanda Pharmaceuticals Inc. Nasdaq 24.33% 38.33M 38.90M Biotechnology & Drugs
RGR Sturm, Ruger & Company NYSE 24.23% 19.14M 19.42M Recreational Products
POST Post Holdings Inc NYSE 24.18% 43.99M 44.86M Food Processing
NGVC Natural Grocers by Vitamin Cot NYSE 24.15% 9.37M 22.48M Retail (Grocery)
SBGI Sinclair Broadcast Group Inc Nasdaq 24.05% 64.76M 69.55M Broadcasting & Cable TV
CLNE Clean Energy Fuels Corp. Nasdaq 23.96% 69.18M 90.06M Natural Gas Utilities
HERO Hercules Offshore, Inc. Nasdaq 23.84% 154.74M 160.81M Oil Well Services & Equipment
ONVO Organovo Holdings Inc AMEX 23.73% 73.06M 80.50M Biotechnology & Drugs
SWHC Smith & Wesson Holding Corpora Nasdaq 23.72% 51.69M 53.44M Recreational Products
FLTX FleetMatics Group PLC NYSE 23.70% 36.64M 37.75M Software & Programming
MHR Magnum Hunter Resources Corp NYSE 23.58% 191.44M 199.90M Oil & Gas Operations
GY Gencorp Inc NYSE 23.55% 54.14M 58.77M Aerospace and Defense
PRAA Portfolio Recovery Associates, Nasdaq 23.44% 49.21M 50.08M Business Services
ENTA Enanta Pharmaceuticals Inc Nasdaq 23.38% 9.71M 18.58M Biotechnology & Drugs
FIVE Five Below Inc Nasdaq 23.24% 52.54M 54.30M Retail (Department & Discount)
LGND Ligand Pharmaceuticals Inc. Nasdaq 23.16% 19.55M 20.02M Biotechnology & Drugs
LULU Lululemon Athletica inc. Nasdaq 23.03% 101.38M 132.16M Retail (Apparel)
AIRM Air Methods Corp Nasdaq 22.96% 35.66M 39.20M Misc. Transportation
REXX Rex Energy Corporation Nasdaq 22.87% 47.61M 54.11M Oil & Gas Operations
OLED Universal Display Corporation Nasdaq 22.79% 40.10M 45.67M Semiconductors
LL Lumber Liquidators Holdings In NYSE 22.78% 26.24M 27.06M Retail (Home Improvement)
BBRY Research In Motion Ltd Nasdaq 22.77% 489.82M 528.38M Communications Equipment
RDN Radian Group Inc. NYSE 22.71% 189.75M 191.05M Insurance (Property & Casualty)
LOCO El Pollo Loco Holdings, Inc Nasdaq 22.62% 12.87M 37.25M Restaurants
LAYN Layne Christensen Company Nasdaq 22.56% 19.47M 19.74M Construction Services
CLDX Celldex Therapeutics, Inc. Nasdaq 22.47% 89.12M 89.59M Biotechnology & Drugs
BKE Buckle Inc NYSE 22.44% 28.24M 48.38M Retail (Apparel)
ADT ADT Corp NYSE 22.30% 173.85M 174.53M Security Systems & Services
RYAM Rayonier Advanced Materials In NYSE 22.29% 42.31M 42.65M Chemical Manufacturing
ANGI Angie's List Inc Nasdaq 22.23% 43.79M 58.52M Computer Services
MM Millennial Media, Inc. NYSE 22.15% 52.97M 107.82M Printing & Publishing
VMI Valmont Industries, Inc. NYSE 22.07% 23.96M 24.61M Construction - Supplies and Fixtures
EPZM Epizyme Inc Nasdaq 22.06% 14.52M 34.16M Biotechnology & Drugs
IPGP IPG Photonics Corp Nasdaq 22.06% 34.38M 52.18M Semiconductors
ACI Arch Coal Inc NYSE 22.02% 211.08M 212.27M Coal
RMD ResMed Inc. NYSE 21.95% 137.65M 139.44M Medical Equipment & Supplies
BGG Briggs & Stratton Corporation NYSE 21.86% 44.04M 45.36M Misc. Capital Goods
KWK Quicksilver Resources Inc NYSE 21.79% 131.67M 179.98M Oil & Gas Operations
NTLS NTELOS Holdings Corp Nasdaq 21.70% 16.93M 21.61M Communications Services
NEON Neonode, Inc Nasdaq 21.58% 33.96M 40.46M Electronic Instruments & Controls
SALE RetailMeNot Inc Nasdaq 21.56% 26.95M 54.07M Computer Services
TRLA Trulia Inc NYSE 21.43% 35.27M 37.81M Business Services
AEO American Eagle Outfitters NYSE 21.38% 177.23M 194.43M Retail (Apparel)
IMAX IMAX Corporation (USA) NYSE 21.35% 59.09M 68.52M Motion Pictures
ARAY Accuray Incorporated Nasdaq 21.35% 75.68M 77.85M Medical Equipment & Supplies
NAVB Navidea Biopharmaceuticals Inc AMEX 21.33% 149.02M 150.74M Biotechnology & Drugs
QDEL Quidel Corporation Nasdaq 21.28% 28.68M 34.41M Medical Equipment & Supplies
RHP Ryman Hospitality Properties NYSE 21.27% 49.44M 51.02M Rental & Leasing
PLUG Plug Power Inc Nasdaq 21.21% 166.91M 173.13M Electronic Instruments & Controls
BRLI Bio-Reference Laboratories, In Nasdaq 21.12% 24.59M 27.73M Healthcare Facilities
OSIR Osiris Therapeutics, Inc. Nasdaq 21.09% 16.19M 34.32M Biotechnology & Drugs
CIEN Ciena Corporation Nasdaq 21.09% 103.60M 106.57M Communications Equipment
ZU Zulily Inc Nasdaq 21.08% 56.87M 58.51M Retail (Catalog & Mail Order)
BIOS BioScrip Inc Nasdaq 21.04% 65.99M 68.64M Retail (Drugs)
KBH KB Home NYSE 21.02% 80.01M 91.81M Construction Services
REX REX American Resources Corp NYSE 21.00% 6.92M 8.18M Chemical Manufacturing
PEIX Pacific Ethanol Inc Nasdaq 20.85% 22.80M 24.48M Chemical Manufacturing
PNK Pinnacle Entertainment, Inc NYSE 20.84% 56.44M 59.98M Casinos & Gaming
RTRX Retrophin Inc Nasdaq 20.82% 23.60M 26.70M Biotechnology & Drugs
VECO Veeco Instruments Inc. Nasdaq 20.71% 39.61M 40.22M Semiconductors
GPRE Green Plains Renewable Energy Nasdaq 20.70% 34.10M 37.61M Chemical Manufacturing
OPK Opko Health Inc. AMEX 20.48% 229.87M 434.14M Biotechnology & Drugs
AMRS Amyris Inc Nasdaq 20.46% 32.84M 79.08M Chemical Manufacturing
TOUR Tuniu Corp Nasdaq 20.45% 10.78M 11.89M Computer Services
FEYE FireEye Inc Nasdaq 20.45% 87.52M 150.42M Software & Programming
SPWR SunPower Corporation Nasdaq 20.44% 52.26M 131.33M Semiconductors
IPI Intrepid Potash, Inc. NYSE 20.21% 56.08M 76.01M Non-Metallic Mining
UPL Ultra Petroleum Corp. NYSE 20.09% 148.38M 153.21M Oil & Gas Operations
HALO Halozyme Therapeutics, Inc. Nasdaq 20.03% 100.25M 125.39M Biotechnology & Drugs
3ETFs
Direxion Financials Bull 3x ETF FAS $124.67 (+4.34%) 1,331,950
Direxion Financials Bear 3x ETF FAZ $12.83 (-4.04%) 2,569,080
Direxion Mid Cap Bull 3x ETF MIDU $98.00 (+4.77%) 54,618
Direxion Mid Cap Bear 3x ETF MIDZ $12.23 (-4.68%) 90,524
Direxion Small Cap Bull 3x ETF TNA $78.75 (+5.00%) 5,969,680
Direxion Small Cap Bear 3x ETF TZA $12.21 (-5.13%) 16,673,000
Direxion Energy Bull 3x ETF ERX $55.10 (+6.66%) 2,802,220
Direxion Energy Bear 3x ETF ERY $22.49 (-6.87%) 2,706,900
Direxion S&P 500 Bull 3x ETF SPXL $88.07 (+5.28%) 1,862,550
Direxion S&P 500 Bear 3x ETF SPXS $20.38 (-5.43%) 2,824,930
Direxion Technology Bull 3x ETF TECL $138.84 (+6.38%) 129,279
Direxion Technology Bear 3x ETF TECS $11.22 (-6.66%) 227,196
Direxion Emerging Markets Bull 3x ETF EDC $23.10 (+5.24%) 1,836,650
Direxion Emerging Markets Bear 3x ETF EDZ $36.77 (-5.06%) 1,373,740
Direxion Developed Markets Bull 3x ETF DZK $54.62 (+4.12%) 18,655
Direxion Developed Markets Bear 3x ETF DPK $37.52 (-3.75%) 26,849
Direxion Real Estate Bull 3x ETF DRN $91.21 (+1.00%) 264,609
Direxion Real Estate Bear 3x ETF DRV $22.41 (-1.06%) 30,917
Direxion Daily Basic Materials Bull 3x ETF MATL $61.55 (+6.83%) 2,202
Direxion Daily Brazil Bull 3x ETF BRZU $8.55 (+5.43%) 259,263
Direxion Daily Brazil Bear 3x ETF BRZS $32.02 (+0.00%) 0
Direxion Daily China Bull 3x ETF YINN $37.81 (+2.52%) 251,727
Direxion Daily China Bear 3x ETF YANG $10.67 (-2.72%) 59,946
Direxion Daily FTSE Europe Bull 3x ETF EURL $27.13 (+4.07%) 43,561
Direxion Daily FTSE Europe Bear 3x ETF EURZ $38.16 (+0.00%) 0
Direxion Daily Gold Bull 3x ETF BAR $28.93 (-0.14%) 817
Direxion Daily Gold Bear 3x ETF BARS $47.25 (+0.00%) 0
Direxion Daily Gold Miners Bull 3x ETF NUGT $13.69 (-4.67%) 14,881,700
Direxion Daily Gold Miners Bear 3x ETF DUST $19.20 (+4.58%) 7,767,020
Direxion Daily Healthcare Bull 3x ETF CURE $137.74 (+5.28%) 260,345
Direxion Daily India Bull 2x ETF INDL $84.50 (+7.34%) 61,639
Direxion Daily Japan Bull 3x ETF JPNL $39.53 (+3.08%) 7,957
Direxion Daily Japan Bear 3x ETF JPNS $24.62 (+0.00%) 0
Direxion Daily Junior Gold Miners Bull 3x ETF JNUG $31.28 (-8.27%) 3,594,300
Direxion Daily Junior Gold Miners Bear 3x ETF JDST $11.05 (+7.18%) 5,872,840
Direxion Daily Latin America Bull 3x ETF LBJ $11.80 (+5.55%) 27,741
Direxion Daily Natural Gas Related Bull 2x ETF GASL $3.19 (+6.69%) 2,731,660
Direxion Daily Natural Gas Related Bear 2x ETF GASX $23.42 (+0.00%) 0
Direxion Daily Retail Bull 3x ETF RETL $107.50 (+4.19%) 16,129
Direxion Daily Russia Bull 3x ETF RUSL $20.26 (+20.81%) 2,200,190
Direxion Daily Russia Bear 3x ETF RUSS $21.52 (-20.56%) 2,381,360
Direxion Daily Semiconductor Bull 3x ETF SOXL $132.92 (+8.83%) 237,743
Direxion Daily Semiconductor Bear 3x ETF SOXS $13.36 (-8.99%) 415,778
Direxion Daily South Korea Bull 3x ETF KORU $33.55 (+6.95%) 4,911
Direxion Daily South Korea Bear 3x ETF KORZ $23.41 (+0.00%) 0
Direxion 10 year Treasury Bull 3x ETF TYD $45.90 (-0.75%) 2,287
Direxion 10 year Treasury Bear 3x ETF TYO $18.09 (+1.34%) 14,478
Direxion 20 year Treasury Bull 3x ETF TMF $93.57 (-3.93%) 149,490
Direxion 20 year Treasury Bear 3x ETF TMV $28.91 (+3.92%) 1,221,440
PowerShares DB 25+ Year Treasury Bond Bull 3x ETF LBND $60.00 (-3.23%) 1,554
PowerShares DB 25+ Year Treasury Bond Bear 3x ETF SBND $4.61 (+4.06%) 46,186
PowerShares DB 3x German Bund Futures ETN BUNT $49.25 (-0.30%) 1,158
PowerShares DB 3x Inverse Japanese Govt Bond ETN JGBD $15.37 (+0.92%) 8,746
PowerShares DB 3x Italian Treasury Bond Futures ETN ITLT $68.00 (+3.50%) 438
PowerShares DB 3x Japanese Govt Bond Futures ETN JGBT $25.98 (+0.29%) 25,455
PowerShares DB 3x Long US Dollar Index Futures ETN UDNT $11.26 (-1.05%) 3,051
PowerShares DB 3x Short US Dollar Index Futures ETN UUPT $28.44 (+0.99%) 98,306
ProShares UltraPro 20 Year Treasury Bear3x ETF TTT $38.42 (+3.87%) 36,925
ProShares UltraPro S&P500 Bull 3x ETF UPRO $132.89 (+5.28%) 2,266,420
ProShares UltraPro S&P500 Bear 3x ETF SPXU $37.60 (-5.29%) 6,113,060
ProShares UltraPro Financials Bull 3x ETF FINU $85.72 (+4.70%) 3,756
ProShares UltraPro Financials Bear 3x ETF FINZ $23.39 (-1.52%) 600
ProShares UltraPro Nasdaq-100 Bull 3x ETF TQQQ $97.30 (+5.70%) 2,949,320
ProShares UltraPro Nasdaq-100 Bear 3x ETF SQQQ $29.59 (-5.94%) 4,544,750
ProShares UltraPro DJIA Bull 3x ETF UDOW $142.92 (+5.46%) 331,754
ProShares UltraPro DJIA Bear 3x ETF SDOW $20.18 (-5.44%) 988,817
ProShares UltraPro S&P Midcap 400 Bull 3x ETF UMDD $115.03 (+4.76%) 18,760
ProShares UltraPro S&P Midcap 400 Bear 3x ETF SMDD $36.92 (-4.45%) 29,736
ProShares UltraPro Russell 2000 Bull 3x ETF URTY $91.21 (+4.97%) 153,557
ProShares UltraPro Russell 2000 Bear 3x ETF SRTY $31.36 (-5.17%) 1,105,960
VelocityShares Crude Bull 3x ETN UWTI $3.64 (+2.82%) 10,276,100
VelocityShares Crude Bear 3x ETN DWTI $150.85 (-2.77%) 168,743
VelocityShares Gold Bull 3x ETN UGLD $11.92 (-1.24%) 81,840
VelocityShares Gold Bear 3x ETN DGLD $72.63 (+1.34%) 25,536
VelocityShares Natural Gas Bull 3x ETN UGAZ $3.99 (+6.12%) 24,540,400
VelocityShares Natural Gas Bear 3x ETN DGAZ $7.68 (-5.88%) 10,177,800
VelocityShares Silver Bull 3x ETN USLV $21.26 (-3.93%) 203,816
VelocityShares Silver Bear 3x ETN DSLV $64.19 (+4.12%) 23,527
2x ETFs
Direxion Daily 7-10 Year Treasury Bull 2X Shares SYTL $88.19 (+0.00%) 80
Direxion Daily Mid Cap Bull 2X Shares MDLL $128.43 (+4.98%) 42,100
Direxion Daily Small Cap Bull 2X Shares SMLL $128.92 (+4.92%) 1,705
Direxion Daily S&P 500 Bull 2X Shares SPUU $140.72 (+3.58%) 14,074
PowerShares DB Agriculture 2x Long ETN DAG $5.11 (-1.16%) 4,746
PowerShares DB Agriculture 2x Short ETN AGA $23.57 (+0.55%) 2,853
PowerShares DB Base Metals 2x Long ETN BDD $7.18 (+2.13%) 3,226
PowerShares DB Base Metals 2x Short ETN BOM $15.68 (+0.00%) 100
PowerShares DB Commodity 2x Long ETN DYY $3.71 (+6.30%) 300
PowerShares DB Commodity 2x Short ETN DEE $59.70 (+1.53%) 1,150
PowerShares DB Crude Oil 2x Long ETN OLO $7.46 (+0.40%) 85,555
PowerShares DB Crude Oil 2x Short ETN SZO $66.39 (-2.46%) 4,007
PowerShares DB Gold 2x Long ETN DGP $24.48 (-0.81%) 46,145
PowerShares DB Gold 2x Short ETN DZZ $7.25 (+0.83%) 119,681
Proshares UltraShort 3-7 Year Treasury Bear 2x ETF TBZ $29.54 (-0.12%) 1,008
Proshares Ultra 7-10 Year Treasury Bull 2x ETF UST $56.96 (-0.78%) 9,213
Proshares UltraShort 7-10 Year Treasury Bear 2x ETF PST $24.13 (+0.88%) 43,870
Proshares Ultra 20+ Year Treasury Bull 2x ETF UBT $84.77 (-3.08%) 28,272
Proshares UltraShort 20+ Year Treasury Bear 2x ETF TBT $43.70 (+2.63%) 3,217,750
Proshares Ultra Australian Dollar Bull 2x ETF GDAY $27.43 (+0.00%) 0
Proshares UltraShort Australian Dollar Bear 2x ETF CROC $51.86 (-1.24%) 17,829
Proshares Ultra Basic Materials Bull 2x ETF UYM $49.07 (+4.36%) 18,845
Proshares UltraShort Basic Materials Bear 2x ETF SMN $29.90 (-4.63%) 16,777
Proshares Ultra Bloomberg Commodity Bull 2x ETF UCD $12.84 (+2.07%) 480
Proshares Ultra Bloomberg Crude Oil Bull 2x ETF UCO $8.57 (+2.15%) 10,640,100
Proshares Ultra Bloomberg Natural Gas Bull 2x ETF KOLD $79.58 (-4.99%) 49,421
Proshares UltraShort Bloomberg Natural Gas Bear 2x ETF BOIL $15.90 (+4.74%) 177,730
Proshares Ultra Consumer Goods Bull 2x ETF UGE $98.81 (+3.16%) 783
Proshares UltraShort Consumer Goods Bear 2x ETF SZK $26.00 (-5.45%) 200
Proshares Ultra Consumer Services Bull 2x ETF UCC $97.95 (+3.15%) 4,773
Proshares UltraShort Consumer Services Bear 2x ETF SCC $13.01 (-4.69%) 215
Proshares Ultra DJ-UBS Commodity Bull 2x ETF UCD $26.01 (-1.40%) 10,229
Proshares UltraShort DJ-UBS Commodity Bear 2x ETF CMD $89.51 (+1.72%) 608
Proshares Ultra DJ-UBS Crude Oil Bull 2x ETF UCO $13.60 (-1.52%) 3,490,000
Proshares UltraShort DJ-UBS Crude Oil Bear 2x ETF SCO $90.70 (-1.97%) 1,060,440
Proshares Ultra DJ-UBS Natural Gas Bull 2x ETF BOIL $13.60 (-1.52%) 3,490,000
Proshares UltraShort DJ-UBS Natural Gas Bear 2x ETF KOLD $11.72 (+1.30%) 2,260,000
Proshares Ultra Dow 30 Bull 2x ETF DDM $135.87 (+3.69%) 264,927
Proshares UltraShort Dow 30 Bear 2x ETF DXD $21.50 (-3.63%) 2,304,390
Proshares Ultra Euro Bull 2x ETF ULE $18.91 (-0.53%) 27,389
Proshares UltraShort Euro Bear 2x ETF EUO $22.73 (+0.75%) 1,366,350
Proshares Ultra Financials Bull 2x ETF UYG $147.28 (+2.81%) 47,887
Proshares UltraShort Financials Bear 2x ETF SKF $50.81 (-2.66%) 38,337
Proshares Ultra FTSE China 25 Bull 2x ETF XPP $71.81 (+1.76%) 81,359
Proshares UltraShort FTSE China 25 Bear 2x ETF FXP $40.58 (-1.55%) 79,396
Proshares Ultra Gold Bull 2x ETF UGL $40.01 (-0.72%) 19,950
Proshares UltraShort Gold Bear 2x ETF GLL $95.90 (+0.83%) 9,776
Proshares Ultra Healthcare Bull 2x ETF RXL $132.49 (+3.70%) 66,736
Proshares UltraShort Healthcare Bear 2x ETF RXD $14.17 (-3.34%) 131,483
Proshares Ultra High Yield Bull 2x ETF UJB $55.14 (+0.00%) 11
Proshares Ultra Industrials Bull 2x ETF UXI $114.28 (+4.92%) 1,581
Proshares UltraShort Industrials Bear 2x ETF SIJ $42.91 (-4.30%) 880
Proshares Ultra Investment Grade Corp Bull 2x ETF IGU $61.47 (+0.00%) 42
Proshares Ultra KBW Regional Banking Bull 2x ETF KRU $84.98 (+3.43%) 872
Proshares UltraShort KBW Regional Banking Bear 2x ETF KRS $26.56 (+0.00%) 0
Proshares Ultra MidCap 400 Bull 2x ETF MVV $73.61 (+3.04%) 180,470
Proshares UltraShort MidCap 400 Bear 2x ETF MZZ $41.64 (-3.19%) 31,871
Proshares Ultra MSCI Brazil Bull 2x ETF UBR $28.39 (+4.64%) 3,286
Proshares UltraShort MSCI Brazil Bear 2x ETF BZQ $82.33 (-3.33%) 17,684
Proshares Ultra MSCI EAFE Bull 2x ETF EFO $88.40 (+0.00%) 19
Proshares UltraShort MSCI EAFE Bear 2x ETF EFU $45.72 (-2.72%) 6,306
Proshares Ultra MSCI Emerging Markets Bull 2x ETF EET $67.66 (+3.73%) 3,762
Proshares UltraShort MSCI Emerging Markets Bear 2x ETF EEV $19.53 (-3.56%) 102,925
Proshares Ultra MSCI Europe Bull 2x ETF UPV $41.09 (+2.68%) 3,377
Proshares UltraShort MSCI Europe Bear 2x ETF EPV $65.92 (-2.86%) 27,899
Proshares Ultra MSCI Japan Bull 2x ETF EZJ $76.99 (+2.72%) 450
Proshares UltraShort MSCI Japan Bear 2x ETF EWV $65.28 (-1.69%) 5,600
Proshares Ultra MSCI Mexico Bull 2x ETF UMX $30.30 (+0.00%) 66
Proshares UltraShort MSCI Mexico Bear 2x ETF SMK $26.30 (+0.00%) 20
Proshares Ultra Nasdaq Biotechnology Bull 2x ETF BIB $134.47 (+1.68%) 400,496
Proshares UltraShort Nasdaq Biotechnology Bear 2x ETF BIS $42.65 (-1.89%) 174,368
Proshares Ultra Oil & Gas Bull 2x ETF DIG $51.10 (+4.56%) 561,050
Proshares UltraShort Oil & Gas Bear 2x ETF DUG $55.86 (-4.43%) 373,256
Proshares Ultra MSCI Pacific (ex-Japan) Bull 2x ETF UXJ $34.87 (+0.00%) 0
Proshares UltraShort MSCI Pacific (ex-Japan) Bear 2x ETF JPX $25.01 (+0.00%) 0
Proshares Ultra QQQ (Nasdaq-100) Bull 2x ETF QLD $136.79 (+3.83%) 1,664,970
Proshares UltraShort QQQ (Nasdaq-100) Bear 2x ETF QID $39.32 (-3.72%) 3,646,180
Proshares Ultra Real Estate Bull 2x ETF URE $114.70 (+1.10%) 55,921
Proshares UltraShort Real Estate Bear 2x ETF SRS $11.74 (-0.84%) 133,353
Proshares Ultra Russell MidCap Growth Bull 2x ETF UKW $116.13 (+3.60%) 5,575
Proshares UltraShort Russell MidCap Growth Bear 2x ETF SDK $60.50 (-0.82%) 1,106
Proshares Ultra Russell MidCap Value Bull 2x ETF UVU $95.57 (+3.88%) 3,464
Proshares UltraShort Russell MidCap Value Bear 2x ETF SJL $61.99 (+0.00%) 364
Proshares Ultra Russell 1000 Growth Bull 2x ETF UKF $136.86 (+3.76%) 2,701
Proshares UltraShort Russell 1000 Growth Bear 2x ETF SFK $20.51 (-5.86%) 1,182
Proshares Ultra Russell 1000 Value Bull 2x ETF UVG $75.26 (+2.63%) 3,243
Proshares UltraShort Russell 1000 Value Bear 2x ETF SJF $30.36 (-3.31%) 1,009
Proshares Ultra Russell 2000 Bull 2x ETF UWM $88.96 (+3.50%) 304,489
Proshares UltraShort Russell 2000 Bear 2x ETF TWM $40.10 (-3.23%) 1,829,410
Proshares Ultra Russell 2000 Growth Bull 2x ETF UKK $104.31 (+4.41%) 988
Proshares UltraShort Russell 2000 Growth Bear 2x ETF SKK $33.55 (-3.76%) 5,065
Proshares Ultra Russell 2000 Value Bull 2x ETF UVT $58.90 (+2.92%) 17,902
Proshares UltraShort Russell 2000 Value Bear 2x ETF SJH $49.87 (-4.57%) 1,675
Proshares Ultra Russell 3000 Bull 2x ETF UWC $100.96 (+3.27%) 1,416
Proshares UltraShort Russell 3000 Bear 2x ETF TWQ $18.11 (-3.72%) 1,384
Proshares Ultra S&P 500 Bull 2x ETF SSO $128.64 (+3.52%) 3,609,200
Proshares UltraShort S&P 500 Bear 2x ETF SDS $21.89 (-3.57%) 9,904,640
Proshares Ultra Semiconductors Bull 2x ETF USD $93.99 (+5.80%) 15,058
Proshares UltraShort Semiconductors Bear 2x ETF SSG $47.77 (-5.50%) 3,829
Proshares Ultra Silver Bull 2x ETF AGQ $40.94 (-2.82%) 205,365
Proshares UltraShort Silver Bear 2x ETF ZSL $110.50 (+2.73%) 36,618
Proshares Ultra SmallCap 600 2x ETF SAA $111.06 (+3.82%) 652
Proshares UltraShort SmallCap 600 2x ETF SDD $40.07 (-5.07%) 400
Proshares Ultra Technology Bull 2x ETF ROM $152.22 (+5.15%) 8,815
Proshares UltraShort Technology Bear 2x ETF REW $55.33 (-5.40%) 3,337
Proshares Ultra Telecommunications Bull 2x ETF LTL $84.75 (+0.36%) 81,510
Proshares UltraShort Telecommunications Bear 2x ETF TLL $60.81 (+0.00%) 0
Proshares UltraShort Bear 2x TIPS ETF TPS $27.22 (+0.00%) 0
Proshares Ultra Utilities Bull 2x ETF UPW $109.65 (+1.57%) 6,864
Proshares UltraShort Utilities Bear 2x ETF SDP $46.79 (-1.80%) 2,122
Proshares Ultra VIX Short-Term Futures Bull 2x ETF UVXY $23.88 (-12.30%) 14,761,900
Proshares Ultra Yen Bull 2x ETF YCL $14.11 (-0.28%) 1,712
Proshares UltraShort Yen Bear 2x ETF YCS $89.06 (+0.80%) 204,576
Rydex S&P 500 Bull 2x ETF RSU $0.00 (+0.00%) 0
Rydex S&P 500 Bear 2x ETF RSW $0.00 (+0.00%) 0
UBS E-TRACS Monthly Leveraged DJ Dividend Bull 2x ETN DVYL $50.96 (+2.97%) 8,087
UBS E-TRACS Monthly Leveraged S&P Dividend Bull 2x ETN SDYL $55.96 (+3.36%) 1,661
UBS E-TRACS Next Gen Internet Bull 2x ETN EIPL $0.00 (+0.00%) 0
UBS Wells Fargo Business Development 2x ETN BDCL $21.73 (+2.02%) 274,349
Velocity Shares VIX Short-Term 2x ETN TVIX $2.64 (-11.71%) 31,906,500
Velocity Shares VIX Medium-Term 2x ETN TVIZ $21.03 (-8.13%) 2,000
Before we set up our first chart we need to go over a few things.When I first started using stock charts I wanted to have as many indicators and overlays as possible. I thought more was better so more I would have. My charts were so busy that usually I couldn't even see the price action. It wasn't until later when I learned about multicollinearity that I started to pear down on the number of bells and whistles and included on my charts.
Basically no matter what indicators you use these charts are only going to tell you three things, trend, momentum, and volume. That's it, there's no special secret magic wand secret squirrel stuff any of these charts are able to convey. One thing above all else that I should mention is that everyone else is looking at the same information that you are. They may be looking at it in a different format that they have for the most part the same information you did. So with that said we need a chart that is simplistic in nature and clearly indicates trend, momentum, and volume.
The reason that this is so important is because time and time again I see these charts that have countless indicators that all say the same thing and give a false sense of security. If one of the momentum indicators are pointing upwards than the rest of the momentum indicators should be doing the same thing so makes no sense to have five indicators that are measuring momentum and are telling us the same thing. Of course we want to confirm what are indicators of telling us but we don't want to do it with another indicator that measures the same thing.
I've included the following chart as a quick reference guide
Momentum: Rate of Change (ROC)
Stochastics (%K, %D)
Relative Strength Index (RSI)
Commodity Channel Index (CCI)
Williams %R (Wm%R)
StochRSI
TRIX
Ultimate Oscillator (ULT)
Aroon
Trend: Moving Averages
Moving Average Convergence Divergence (MACD)
Average True Range (ATR)
Wilder's DMI (ADX)
Price Oscillator (PPO)
Volume: Accumulation Distribution
Chaikin Money Flow (CMF)
Volume Rate of Change
Volume Oscillator (PVO)
Demand Index
On Balance Volume (OBV)
Money Flow Index
POSTING THE DEFAULT EST CHART
Please use this link to post charts on the board.
1. Copy the link below.
2. Go to post where you want to insert the chart and click "Image".
3. Paste the URL between the brackets that pop up.[img][/img]
4. Delete the XXX and replace with your ticker.
http://stockcharts.com/c-sc/sc?s=XXX&p=D&yr=0&mn=6&dy=0&i=p01262508970&r=1402484086991
Well I guess we should start somewhere so until we can get a chronological or developmental order in place let's just discuss some of the indicators on our default chart and how we (EST) use them. The default chart being the one I have posted up in the stickies.
Love the idea king, very nice
WELCOME TO EST 101.
This board was established for and by small cap swing traders to discuss strategy, education and exchange actionable ideas. Some of us have been traders for many years and some of us are new to the craft but we all have one need regardless of our level of expertise and that’s information. Some of the Elite Swing Traders have developed their own way of doing things while others are still trying to development their own identities. Many of us have discovered there’s no right or wrong way to do things because no one way works in every situation. Based on years of trial and error we've established a set of fundamental and/or technical criteria that work’s for us. Trading by nature is inherently risky so managing that risk is a top priority however, at least to our knowledge, there’s no way to eliminate it. So we try to find situations that present opportunities for winning trades while mitigating as much risk as possible. In order to do this effectively you have to be disciplined in your approach and reasonable in your actions. Elite Swing Trades (EST) has compiled a wealth of information, provided with our narrative that is tailored to “Swing Traders”. We’ve not Investors and we’re not Day Traders so when navigating through the board, remember that the information and/or educational materials are geared towards trading. Investing and Day Trading are different disciplines and therefore require a different philosophy. While much of the information does provide a base for those activities the application differs depending on the principle. If you're new to the board please free to post input about everything and anything swing trading but please be respectful of other opinions. Remember that not every play is a winner and no one is right all of the time. Our mission as a team is to learn to be right more times than not and if you feel like you can contribute we welcome your insight.
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