The market performed as one would hope on a post Thanksgiving trading day. The lack of volume makes our indicators rather useless for today, but I'm hoping to see Friday's move continue for a bit today. Because the election news may still have market impact, and we don't see indicators that would decipher a bottom, we will remain cautious today.
The shorts today are limited to the large drug companies, (with the exception of MO....maybe <g>). This was not planned as such, but how they showed up on the screening. All were technically weak and have several insider sales.
Longs: AMZN, CEGE, DSGX, PRGN, CI, EC, MET, PWAV and W.
Shorts: MO, MRK, PFE, and SGP.
Good Trading!!
Sam
savvy-trader.com |
