The market internals remain weak, as does the screened stock ratio at 25.5 to 3.5 favoring selling. Market risk remains high. We may have seen the bottom, an up-turn in the screened stock ratio is all it would take to do some buying. The volatility index indicates a very over-sold market. However, "lite" mode is still the safest.
Energy, beverages, food processing and medical equipment are still strong.
Longs: ACS, ADVP, BDX, CL, DBD, DCOM, HDWR, HNZ, PSA and VPI.
This list is a good mix, should be something to trade, even in a weak market, guess we'll see <g>
Good Trading!!
Sam
savvy-trader.com |
