The good sign going forward is that the market internals have held-up fairly well, as has the screened stock ratio at 9.0 to 7.0 favoring buying. With both weaker than Tuesday, Risk moves back to moderate.
Banks/S&Ls, biotechs, and healthcare stocks were the strong groups. Especially healthcare with an "H"..... HCR, HMA, and HRC all showed up on the screening <g>.
Watchlist stocks with upcoming earnings: LNCR (July 23rd), ELN (July 24th), HMA (July 24th), and AAS (July 25th).
A few others to watch long: APOL, AW, DORL, FRX, HELE, LOW, NYCB and ORC.
Lastly, note that we have positions in AAS, AW, and LNCR, all on tomorrow's watchlist that carried over from today.
Good Trading!!
Sam
savvy-trader.com |
