We all prefer rising markets to declining markets, but there is a silver lining to a weak tape – when most stocks are heading south, it becomes easy to spot abnormal strength. That’s what OptiMo, our proprietary stock screening system, has been doing in recent weeks; if big investors aren’t selling shares in this market, they’re likely to buy with abandon during the next bull move. Of course, with the bears in control of most stocks, you should stick with a defensive stance for now – no use investing a ton of money when the odds are against you. But nibbling on a couple of leaders and readying your watch list should pay off when the bulls return. This week’s Top Ten contains another batch of commodity, solar and emerging market stocks. Our favorite of the week is
ICICI Bank (IBN), an Indian bank that’s directly leveraged to that country’s tremendous growth. The stock broke out last week, and Indian stocks are acting well.
| Stock Name | Price | Buy Range | Loss Limit |
|---|
| ABX (ABX) | 0.00 | 48-53 | - |
| ASTI (ASTI) | 0.00 | 17-23 | - |
| CF (CF) | 0.00 | 100-110 | - |
| CHU (CHU) | 0.00 | 20-23 | - |
| HOLX (HOLX) | 0.00 | 66 - 68 1/2 | - |
| IBN (IBN) | 0.00 | 66-72 | - |
| ILMN (ILMN) | 0.00 | 64-72 | - |
| JASO (JASO) | 0.00 | 65-70 | - |
| KGC (KGC) | 0.00 | 21-24 | - |
| SWN (SWN) | 0.00 | 56-58 | - |