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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject4/27/2001 12:31:59 AM
From: Sam Raven   of 1567
 
Friday's have been tough days for the market, but we have the foundation to move up tomorrow, and the market has held-up with negative news. The market internals continued to strengthened Thursday and the screened stock ratio continues to look good at 9.9 to 2.4 favoring buying. Market risk should be relatively low.

Oil dominated the screening, and with the companies continuing to beat earnings expectations, a few of those that have yet to release may be good plays for a few days. OIL, PDS and SEI off today's watchlist have yet to release.
 
We'll be watching for support on DYN and CHKP (of which we still own shares) and EBAY (which we opened a position in today).

Longs: BKS, CENX, ICCI, DVA, SHPGY, UMC and VSAT.

Good Trading!!

Sam
savvy-trader.com
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