I'm running late tonight due to jams on a couple sites I use every day, code red worm???
The market has resisted going down on bad news which indicates we have an upward bias. The market internals actually weakened Wednesday. The screened stock ratio remains steady at 8.9 to 4.8 favoring buying, risk remains low.
The list of strong groups continues to grow; banks, biotechs (weakening), consumer financial, medical supplies, software and waste management stocks.
Note that we have a position in MXT on tomorrow's watchlist.
Long: ACF, ACS, CECO, CR, CTXS, DRI, GPC, GNSS, MXT and PATH.
Good Trading!!
Sam
savvy-trader.com |
