March 20 Sector Breadth and Intraday Trending Stock Scan

Mar 20, 2014: 12:47 PM CST

Which stocks are “Trend Day” Candidates and what is Sector Breadth revealing about today’s session?

Let’s start today’s mid-day update with our Sector Breadth Chart to get a sense of the broader picture:

Similar to yesterday’s “Fed Day” session, we’re seeing strength in Technology and Energy but clear weakness in Utilities.

After the Federal Reserve announcement, Financial stocks (including Morgan Stanley seen below) are among the market leaders today.

This chart helps us determine where to focus our attention and get a sense of broader “Risk On”  or “Risk off” Money Flow.

Now, on to our “Top Intraday Trending” stocks for today’s session:

Microsoft (MSFT) makes a return appearance to our top trending stock grid and is joined once again by Time Warner Cable (TWC).

As mentioned, financial stocks are strong, with Morgan Stanley (MS) and Prudential Financial joining today’s uptrending list (there are other financial stocks that are showing clear relative strength).

Even on up-days in the stock market, there are still stocks in the S&P 500 that trend down for the session.

Potential trend day continuation candidates today include Occidental Petroleum (OXY), McGraw-Hill Financial (MHFI), Scripps Networks (SNI) and big-name, high-priced stock (AMZN).

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Corey Rosenbloom, CMT
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