Many of the stocks continue up for a few days after they alert (appro. 1/4 above the previous days high), and if I don't place it on the list it doesn't necessarily mean that I don't think it will continue. I just try to add stocks that may be just starting a move and I also try to keep a mixture of the stronger groups regardless of one group or another I may favor. This way you can diversify your positions, and also may have something to trade as groups rotate.
The market internals look good, as does the screened stock ratio at 11.2 to 1.5 favoring buying. Risk remains low, but I'm beginning to worry that the market is becoming over-bought.
There was lots of techs rallying today, yet they couldn't take the top spot from the biotechs in the screening. I was surprised just how few of the regular techs stocks (networks, semiconductors, etc.) showed up at all.
LNCR splits 2 for 1 June 22nd.
Long: AVX, BRW, BVF, CDN, CEGE, COF, CRGN, LNCR, MIL and SWC.
Good Trading!!
Sam
savvy-trader.com |
