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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject9/10/2001 2:34:18 AM
From: Sam Raven   of 1567
 
Our shortened daily commentary and watchlist for Monday Sept. 10.

URL to the Newsletter this week is:
savvy-trader.com

This week has the bulk of the economic releases coming out on Friday as is Retail Sales, Industrial Production and the Michigan Sentiment index are all released.

Today has Consumer Credit for July at 3:00 PM ET.

This week starts the earnings warning season, expectations are that it won't be as bad as last quarter.

Still with weak internals and very weak screened stock ratio, it is best to sit another day. The screened stock ratio looks even worse as the volume in buying dried up even more at 25.5 to 2.8 favoring selling. Market risk remains high, another "lite" mode day.
 
There was so many weak groups Friday, Biotechs and Healthcare in the traditional growth groups are okay The Food and Beverages group remain one of the strongest. Oils are the fastest climbing.

Below is the watchlist for September 10, 2001. The alert price is approximately 20 cents above the previous days high, depending on the recent movements. This alerts us to the potential movement of the stock.

Daily Watchlist with stock symbol, alert price and sector.
BGEN 62.8 Biotechnology & Drugs
ABS 34.70 Retail (Grocery)
CERN 50.4 Computer Networks
BRL 83.60 Biotechnology & Drugs
IDPH 58.1 Biotechnology & Drugs
COTT 14.2 Beverages
IMCL 54.3 Biotechnology & Drugs
FTO 17.45 Oil & Gas Operations
KO 50.2 Food Processing
HRC 18.7 Healthcare Facilities
LPNT 44.2 Healthcare Facilities
MCK 40.05 Personal & Household Prod.
OXY 28.84 Oil & Gas Operations
MYL 33.4 Biotechnology & Drugs
SIAL 46.86 Chemical Manufacturing
ODP 14.05 Office Supplies
TECD 41.7 Computer Hardware
PBI 43.5 Office Supplies
XRAY 47.2 Medical Equip. & Supplies
PRGX 14.5 Oil Service
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