With the economy seemingly still losing momentum it is hard to be positive on the stock market. However, the trades continue to track better with the market internals, (which remain positive Monday), and staying in the strong groups, which don't have much technology stocks. The screened stock ratio remained positive after the close of trading Monday, but did weaken a bit from 7.8 to 3.2 favoring buying to 5.8 to 2.8 favoring buying. The risk remains moderate.
Biotechs have crawled back into the strong groups which include, banks, real estate, specialized retail, and healthcare.
Long: ABS, ADVP, BAX, BRL, BVF, CAKE, CTXS, GBBK, JNJ and STJ.
Good Trading!!
Sam
savvy-trader.com |
