Well back at it another week, thankfully we will soon be past the halfway mark for earnings...the S&P 500 has had just over 40% report.
The market internals weakened even more on Friday, but they have yet to slip negative with the exception of the the screened stock ratio which weakened enough to where the volume on the stocks moving down exceed that of the stocks in an up-trend, it is close at 7.1 to 6.4 favoring selling.
The semiconductors maintained enough momentum to keep them up in the strongest groups, however, tomorrow may be one of the more risky days to play them with the semi book to bill coming out.
We'll be doing some price targeting to hit some of these are starting to correct and buy on support. However, as usual the stocks below are alerted when they break 1/4 above their previous days high. Many times, even with these we wait and buy them lower than the alert price as profit takers come in.
Long: ACLS, AL, ANDW, EFX, HIB, HSIC, IFIN, KEG, TTEK and TYC.
Good Trading!!
Sam
savvy-trader. |
