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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject3/18/2001 11:24:42 PM
From: Sam Raven   of 1567
 
Again, the best thing that can be said about Friday was that the volatility index again broke 35, very oversold. Market internals remain rotten and the screened stock ratio is not much better at 11 to 3 favoring selling. The selling was widespread last week. We continue to suggest "Lite" mode.

The medical supply and waste management stock groups look like the strongest going into Monday. The best plays for a very short term trade continue to be techs during market bounces, I would expect the same today.

Longs to watch: AVNT, AZO, BAX, DRI, ESCM, FWC, HSY, NVDA, PPP and WMI.

Good Trading!!

Sam
savvy-trader.com
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