David's Trade Journal

[david_3011]

NASDAQ Biggest Intraday Percentage Gainers

Of the 25 double-digit percentage gainers, only the following 11 had more than 1 million shares traded, and all of them are non-index members. That makes all 25 of them non-index members. There's that eerie feeling about this.

How does this influence the overall market statistics? Does it skew the market strengths and weaknesses? Does it make the market seem much stronger than what it really is? If this keeps up long enough, does it convert investors into more bullish buying?

This is the type of market that requires the patience of 10 men, as Richard Russell would put it. It's going to be exciting. We'd just relax and enjoy the show.

 
 Internet Initiative Japan(IIJI) Internet Tokyo 24.5% 
 Anadys Pharmaceuticals(ANDS)    Biotech        23.8% 
 Sciclone Pharmaceuticals(SCLN)  Drug           22.2% 
 Shopping.com Ltd(SHOP)          Online Shop    19.1% 
 Amkor Technology Inc (AMKR)     Packaging      18.7% 
 ViroPharma Inc (VPHM)           Biotech        17.3% 
 Dobson Communications(DCEL)     Telecom        16.7% 
 Wet Seal Inc (WTSLA)            Retail         16.7% 
 SiRF TECHNOLOGY HOLDINGS(SIRF)  GPS Manufac    11.7% 
 Evergreen Solar Inc (ESLR)      Solar Power    11.4% 
 Ixia (XXIA)                     Semiconductor  10.4%