The market internals strengthened a bit more last Friday, but the screened stock ratio weakened a bit at 7.5 to 5.2 favoring buying, risk remains low.
Not much has changed in the strong groups, biotechs, healthcare, medicals and specialty retailers remain. Home builders have lost some of their footing, but they may be more attractive here. Education Management (EDMC) has earnings Tuesday before the open, we'll be looking for strength in two out of the same group that showed up on the screening, APOL and CECO. EDMC often shows up on the screening but doesn't make the cut with a float of 14.2 million.
Long: ADVP, APOL, BBY, BJ, CD, CECO, LH, MGL, NBTY and STE.
Good Trading!!
Sam
savvy-trader.com |
