The market internals were mixed Thursday, but the screened stock ratio was decidedly improved at 7.4 to 2.0 favoring buying. Market risk moves back down to low.
Utilities, real estate, remain strong, with biotechs back up near the top of the screening. I'd be a little cautious about the oils, we still see a lot of insider selling in certain stocks, and are seeing more of them break down now. I think it would be good to let them correct.
Note we have a position in DIGX on today's watchlist.
Long: ABT, DIGX, FRX, GLGC, KMX, N, SPG, QLGC, SGR and TKLC.
Good Trading!!
Sam
savvy-trader.com |
