Stocks were hit hard on the open of the first trading day of 2016 with the vast majority falling, and falling sharply. There were a few pockets of strength and chartists can find these using the tables on the home page (midway down). The screenshot, which was taken around 9:49AM ET, shows the NYSE and Nasdaq stocks with the biggest gains today. Notice that I clicked the "% Up" tabs to get this group. We can see that gold stocks are having a good day with Barrick (ABX), Goldcorp (GG) and Newmont (NEM) up over 3%. The second row of tables shows the SCTR "Top Up" for large-cap stocks and ETFs. These are the stocks and ETFs with the biggest gains in the StockCharts Technical Rank (SCTR). The large-cap SCTR leaders include Nokia (NOK), Pepco Holdings (POM) and Humana (HUM). The Gold Explorers ETF (GLDX) and the Comex Gold Trust (IAU) are getting big moves in their SCTRs. Before leaving these tables, notice the PerfChart, CandleGlance and RRG links at the bottom. Click these to see all ten symbols in the corresponding format. It is an easy way to quickly compare the ten symbols.
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Thanks for tuning in and have a good day!
--Arthur Hill CMT
Plan your Trade and Trade your Plan
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