The NASDAQ outage and subsequent late trading really messed up our screened stock ratio. By the numbers, we show both extreme buying of the up-trending stocks and extreme selling in the down-trending stocks, so we'll just have to chock a day up to bad data.
Normally during the Independence Day holiday week, the volume is low, but the trading is good, so we'll see. The market internals, if we can believe the data, continue to strengthen and look real good going into Monday.
The strong groups were the same, biotechs, education services, healthcare, insurance and selective retail. Most of the stocks we have listed the last few weeks have been able to ride the crest of this wave.
Note that this 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.
Long: ACTR, AOT, APOL, BC, CAKE, CF, CVD, MW, PXLW and WMS.
Good Trading!!
Sam
savvy-trader.com |
