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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject5/15/2001 12:48:47 AM
From: Sam Raven   of 1567
 
The market internals continue to be flat on the lowest volume all year. And low volume again reflects in the drop of both sides of the screened stock ratio. But as a ratio, it is mildly positive at 3.2 to 1.0 favoring buying. The consideration of the FOMC meeting overrides the market internals. And considering that, it is best to be in 'lite' mode prior to the announcement as the increased volatility increases the chances of getting stopped out.

Biotechs overall had a rough day today, but still the sector remains high in the stock screening.

Longs: ASYT, DDR, ELY, EW, IMCL, MLM, OCPI, RIG, STK and VMC.

Good Trading!!

Sam
savvy-trader.com
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