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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject10/16/2001 12:15:09 AM
From: Sam Raven   of 1567
 
Next and very, very important, is the market risk for that day. This should help you decide whether to even trade long if the prospects for the market is bad, or at least have you seek defensive or off market trend plays....again for tomorrow....

"Monday the market internals were mixed to negative. There was a slight improvement in screened stock ratio at 5.2 to 3.8 favoring buying. Market risk remains moderate. I just didn't see enough improvement to indicate we have finished with the selling. However, there appears to be plenty of stocks moving up which may make a play.

The strongest groups remain much the same, biotechs, drugs, healthcare and medical equipment."

So with this information you would narrow down the stocks you watch...Continued.....
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