As expected, the market internals turned negative. The screened stock ratio improved, but remained mildly negative moving from 9.8/3.0 favoring selling, to 6.7 to 4.7 favoring selling. This keeps the risk in the high range, however we may do a little buying if things are holding up after the open.
The strong groups haven't changed that much, banks, real estate, specialized retail, and again the healthcare stocks are trying a comeback.
Note that we have a position in LH on the watchlist.
Long: ACF, ADVP, BVF, CECO, CTX, CYTC, DRD, LH, NYCB and UNH.
Good Trading!!
Sam
savvy-trader.com |
