The market internals continue to strengthen. And the screened stock ratio was once again mixed, but this time more positive 13.6 to 9.0 favoring buying, the risk remains low. However, watch for more profit taking as we saw the last half of yesterday. It would be nice to open down and work our way back up.
The strong groups were the same biotechs, education services, healthcare, insurance and selective retail.
Note that next week both the NASDAQ and the NYSE close at 1:00 PM ET Tuesday July 3, and remain closed July 4th for the Independence Day holiday.
Also note that we have a position in NCOG on the watchlist.
Long: ACDO, AIG, AHG, BBBY, CAKE, CMX, CVD, DFXI, NCOG and ORLY.
Good Trading!!
Sam
savvy-trader.com |
