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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject7/6/2001 1:23:19 AM
From: Sam Raven   of 1567
 
We still had some good trades to be made today despite the market being worse than I expected. And, history be darned, the market looks to be nasty tomorrow, at least in the open. There may be some nice bounces but the risk is high. The market internals are now negative, and the screened stock ratio is mildly negative at 3.1 to 2.4 favoring selling. Risk moves up to high. The low volume continues to influence the level of the screened stock ratio.

Most of the strong groups were drawn down by the weak market. The banks/S&L's, healthcare and waste management stocks were the top groups represented.

Long: AW, CCR, CD, GPC, DORL, HBAN, HI, JAKK, STE and STJ.

Good Trading!!

Sam
savvy-trader.com
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