Economist Tom Lawler sent me the updated table below of short sales, foreclosures and cash buyers for several selected cities in May.  Look at the two columns in the table for Total "Distressed" Share. In almost every area that has reported distressed sales so far, the share of distressed sales is down year-over-year - and down significantly in many areas. 

For traders with a short-term time horizon who are looking for big moves over a short period, we have updated our list of the S&P 1500 stocks trading above $10 that have the largest intraday high-low ranges (based on the average percent spread between the intraday high and low over the last 50 days).  We then grouped the stocks based on whether they have a rising or falling 50-day moving average (DMA).  Stocks highlighted in gray are new to the list this month.