The stock screening after the close Friday was flooded with energy stocks, showing up in both the category 1 and category 3 screens. And yet again, both CHBS and LIN showed-up with couple more retailers put on the watchlist.
The market internals were mostly weaker, but on such low volume, both the internals and the screened stock ratio are close to useless without looking at several days of data. And in doing that, both are weak, but not yet enough to move into "lite" mode. The screened stock ratio at 5 to 2 favoring selling shows there is little more volume leaving the down stocks than going into the up stocks.
Longs to watch: AZN, BEBE, KMG, MAT, MTZ, PPP, RMDY, TK, WLP and WCNX.
Good Trading!!
Sam
savvy-trader.com |
