Again today the shorts were easy pickings, but the bounces during the afternoon were phenomenal. Our commentary for tomorrow....
The market internals decayed even more, but the the screened stock ratio improved to a 9 to 7 ratio favoring shorts. Despite the internals, Thursday was a significant day in that stocks were at a crossroads picking between further correction or building on what was started last week, the latter appeared to be the choice.
That about sums up where I think we are.
Longs: DPMI, A, CTS, MKSI, PWAV, PLMD, IMNX, DOX, LSI and MTZ.
Shorts: TROW, LTD, EAT (again), HGSI.
Good Trading!!
Sam
savvy-trader.com |
