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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject6/1/2001 1:38:40 AM
From: Sam Raven   of 1567
 
Things were significantly better today than I was expecting, it would be nice to end the week on such a good note.

The market internals bounced back smartly, as did the screened stock ratio at 5.5 to 2.4 favoring buying. Risk drops back down to moderate. I'm not convinced we have seen the end of this little correction and think it is best to see how the market sits with the economic news after 10:00 AM tomorrow before jumping in with both feet.

I didn't identify any one strong group in the screening, but the oil stocks continue to be absent and technology remains particularly risky. Friday's watchlist has many repeats on the list from today, as well as earlier in the week. In our own trading we ended Thursday in the same positions we had the day before.

Long: AOT, AZO, CMX, CYGN, FNM, FOX, KG, PPL, SEAC and SPG.

Good Trading!!

Sam
savvy-trader.com
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