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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject7/24/2001 1:19:58 AM
From: Sam Raven   of 1567
 
It has been surprising to me just how well the market internals have held-up over the last couple weeks, but they are still positive. The screened stock ratio has turned negative at 7.4 to 3.5 favoring selling, this is a border line call, but since the internals are holding up I'll leave the risk rating at moderate.

There was no doubt that for the most part the stocks on our watch screen were weak, it seems the defensive stocks in the health/medical/biotech are the places the money is flowing.

United Rentals (URI) has earnings July 25th before the open, so this would only be a day trade if it alerts tomorrow.

Long: BGP, CAKE, CMX, DLX, HCA, HELE, JCI, NBTY, URI and WPI.

Good Trading!!

Sam
savvy-trader.com
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