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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject2/27/2001 11:36:11 PM
From: Sam Raven   of 1567
 
After having one of the better days we've had on Monday, we turned tail and came right back down. The market internals didn't lose everything they gained Monday, but could easily do that tomorrow. The screened stock ratio at 11 to 3 favoring selling was decidedly bearish. Especially having the selling side break 10, something I was hoping that the buying side could have done on Monday. We are overdue for a very nice bounce, but it will be questionable how far a bounce will extend. 

Very few technology stocks showed up on the stock screening, but nothing really has come in to fill the void either.

Longs: ALO, AOC, ASD, ASO, DNY, IPG, FRX, FPL, PL and XTO.

Good Trading!!

Sam
savvy-trader.com
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