Big Intraday Trending Stocks and Breadth Grid for March 18

Mar 18, 2014: 12:22 PM CST

On yet another powerful bullish session in the S&P 500, which individual stocks are riding high (and may extend their current intraday trend) and which ones are fighting the trend by trading in an intraday downtrend at the midpoint?

Let’s start with our intraday uptrenders:

Our potential uptrend continuation (for a Trend Day) candidates include Lam Research (LRCX), big name Microsoft (MSFT), Juniper Networks (JNPR), and SanDisk (SNDK).

Our big intraday downtrender list includes another big name stock – Netflix (NFLX) along with Time Warner Cable (TWC), Petsmart Inc (PETM), and repeat stock Michael Kors Holdings (KORS).

As always, we’re trading potential intraday continuation (for a trend day) while aggressive traders can use these as potential reversal candidates (for example, Time Warner Cable may have carved out a V-Spike bottom).

Finally, we like to put everything into the broader context of a Sector Rotation (Strength/Weakness) perspective:

Unlike the last few sessions, the Utilities ($XLU) Sector is the underperformer on today’s bullish activity while Technology ($XLK) and Energy ($XLE) lead the bullish pack.

Continue watching these names along with other leading candidates in the stronger sectors.

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Corey Rosenbloom, CMT
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