Friday wasn't too bad after all, like getting a shot, all the pain is within the first few minutes. And although weakened, both the market internals and the screened stock ratio are still positive. The screened stock ratio had the buying volume slightly stronger than the selling volume at 7.6 to 6.5 favoring buying, so Risk remains moderate.
Auto parts makers and parts retailers, biotechs, homebuilders were the strongest groups.
Note that we have a position in TTWO, on today's watchlist. I'll be watching for support on XOMA, I still like the chart.
Watchlist stocks with upcoming earnings: DST (July 25th) and SLVN (July 26th).
Long: ARM, APOL, AVX, BGP, DST, ESRX, FHCC, GLFD and ZRAN.
Good Trading!!
Sam
savvy-trader.com |
