Despite the indices moving down the market internals have held on, as has the screened stock ratio at 5.6 to 3.1 favoring buying, risk remains low. You can see the lower volume has influenced the ratio, but it has maintained it relative position.
Again, the strong groups remain the same, biotechs, healthcare, medicals and specialty retailers. The education services stocks did take a break today. Both APOL and CECO tested support and held.
Note that we have a position in MXT and SYK on the watchlist.
Long: AAS, AW, BKS, CAKE, CYTC, DFXI, LNCR, MXT, SYK, and STE.
Good Trading!!
Sam
savvy-trader.com |
