the bannerman report june 28th 2011

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The Bannerman Report June 28 th 2011 The Bannerman Report: June 28 th 2011 1: COMPQ - Volume still light to the upside looking for a follow through day in the coming days Action across the board is looking much more constructive with many stocks setting up across a number of sectors. Some of the beaten down names are starting to short cover. While the volume patterns on the main index’s remain bearish (stronger volume declines and weaker volume rallies) under the surface some emerging leaders are looking to take leadership and drive this market higher. In the coming days we will be looking for a follow through day on the main index’s to signal that the new up-trend is underway. Until the new up-trend has been defined, it is easy to get whipsawed and caught up in some volatility. Therefore it is wise to test new potential setups with pilot positions and add to them when the market gives us the all clear.

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Page 1: The Bannerman Report June 28th 2011

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The Bannerman Report June 28th

2011

The Bannerman Report: June 28th

2011

1: COMPQ - Volume still light to the upside looking for a follow through day in the coming days

Action across the board is looking much more constructive with many stocks setting up across a number

of sectors. Some of the beaten down names are starting to short cover. While the volume patterns on

the main index’s remain bearish (stronger volume declines and weaker volume rallies) under the surface

some emerging leaders are looking to take leadership and drive this market higher. In the coming days

we will be looking for a follow through day on the main index’s to signal that the new up-trend is

underway.

Until the new up-trend has been defined, it is easy to get whipsawed and caught up in some volatility.Therefore it is wise to test new potential setups with pilot positions and add to them when the market

gives us the all clear.

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The Bannerman Report June 28th

2011

Stocks

These stocks below have all displayed great relative strength to the general market weakness. Relative

strength is one of the most reliable equity selection tools during market corrections. The supply and

demand of a stock can easily be seen. Compare the stocks below with the COMPQ chart above. These

stocks have based out sideways or continued to make new highs will the main markets were making

new lows. These stocks coil up in relative strength bases and when the markets pressure is free, these

stocks can do what they always wanted to do! And go up!

CFX 

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2011

CFX - Weekly

Actual Vs. Estimated Earnings

 

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2011

VHC - Daily

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2011

VHC - Weekly

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2011

CLUB – Daily

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The Bannerman Report June 28th

2011

CLUB - Weekly

Actual Vs. Estimated Earnings

 

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2011

LQDT - Daily

2: Pivot long over 23.50

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2011

LQDT - Weekly

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2011

CSII – Daily

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2011

CSII – Weekly

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2011

IPSU – Daily

3: Strong momentum name - Trigger long over 21

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2011

RRGB - Daily

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2011

EXAM - Daily

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2011

DELL - Daily

Actual Vs. Estimated Earnings

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2011

HLF – Daily

Actual Vs. Estimated Earnings

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2011

Relative strength stocks on the move

PSMT – Daily

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2011

PLCM - Daily

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2011

ACN - Daily

4: ACN - Moving on strong volume: Next buy area when it clears 58.21