Neither the numbers from the market internals, nor the screened stock ratio, produced reliable data Tuesday, so we'll just have to go by past history. Normally the markets are very strong following the Independence Day holiday. For the record, the screened stock ratio was at 2.2 to 1.4 favoring selling. Risk moves up to moderate.
The strong groups are pretty much the same, biotechs, banks and S&L's, healthcare, insurance and retail. The group that really popped on Tuesday was the home builders, CMH, DHI and KBH all showed up.
Note that we have a position in CYTC on Thursday's watchlist.
AAS, AHG, APOL, BBC, BKS, CMH, CYTC, FMKT, TGH and WSM.
Good Trading!!
Sam
savvy-trader.com |
