The market internals are looking very good and the screened stock ratio was the best we have seen in months at 13.6 to 2.2 favoring buying. The market risk remains low, however it appears we are due for profit taking. I'm hoping we have stocks that can sidestep a sharp sell-off.
Electronic instruments and controls was the leading stock group, and there are several representatives in the watchlist, maybe too many <g>. Energy stocks and alternative energy stocks were also strong, for example, RIG, HPOW and PLUG. Biotechs and drug stocks continue strong. (note that we have positions in HPOW)
Long: APH, CVG, FCX, HAL, HC, KEI, KMG, LAB, NOVN and SNWL
Good Trading!!
Sam
savvy-trader.com |
