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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject	7/20/2001 12:20:26 AM
From: Sam Raven	of 1567

I cringe to think that I'm going to have to say the internals look good, as does the screened stock ratio, when I think that after seeing what happened to the stocks after the close today, the market might be facing a lot of selling on the open tomorrow. It happens, but not often, that we see a complete reversal in the market's internal strength in one day, but maybe we'll be surprised tomorrow with some good old market resilience. I'd also like to think that we will have some long plays that won't be subject to a sell-off that is centered in technology stocks. The screened stock ratio at 10.3 to 7.9 favoring buying, indicates that we are still in an up wave with more buying volume in the up-trending stocks. Risk remains moderate. Biotechs and homebuilders were the strongest groups. Watchlist stocks with upcoming earnings: FISV (July 23rd), IVX (July 23rd), LNCR (July 23rd), XRAY (July 23th) URI (July 25th) and SLVN (July 26th). Note that we have positions in AW and LNCR, on today's watchlist. Long: BBBY, DDR, GLFD and XOMA. Good Trading!! Sam savvy-trader.com

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