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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject8/6/2001 12:09:00 AM
From: Sam Raven   of 1567
 
Despite the down market on Friday the market internals are still holding positive, as is the screened stock ratio moving from 7.9 to 5.4 favoring buying, to 4.8 to 3.1 favoring buying. However, risk moves up to moderate as we have seen the screen stock ratio weaken 3 consecutive days.

Biotechs made a bit of a come back in Friday's weak market. There seemed to ba a smattering of groups that were strong on Friday, the banks were likely the strongest single group. Semiconductors that were strong most of last week, lost a little steam on Friday, but really that may be a good sign and give a better buying opportunity in a day or two.

Note that we still have a position in JAKK on Monday's.

Good Trading!!

Sam
savvy-trader.com 
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