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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject8/24/2001 1:41:18 AM
From: Sam Raven   of 1567
 
The 7th consecutive day of mixed market internals has come to pass. Thursday the NASDAQ at least finally showed some improvement. The screened stock ratio weakened, but remained positive at 7.6 to 6.8 favoring buying. Market risk remains at moderate.
 
The strong groups remain, banks/S&Ls, biotechs, healthcare, real estate and specialized retail. 

Note that we have a position in THOR (this is at least the 5 consecutive day it has been on the watchlist, figured someone need to buy it <g>). We also have a position in JNJ.

Longs for Friday: ACDO, APOL, AZO, BAC, JNJ, PCL, ROST, SCRI and THOR.

Good Trading!!

Sam
savvy-trader.com
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