Now we can get back to our normal worries, warnings and earnings. We seem to be in a period where the surprise good news is over shadowing the expected bad news, which is a good sign for long players.
The market internals continued to move up despite the Fed announcement volatility. The screened stock ratio was mixed, and is really a neutral read at 7.1 to 6.8 favoring buying, the risk drops back down another notch to low.
The strong groups were the biotechs, education services, healthcare, insurance and selective retail.
Long: AW, CECO, CMX, EFX, IDPH, FISV, FMKT, MTG, PSFT and SABA.
Good Trading!!
Sam
savvy-trader.com |
