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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject10/22/2001 10:26:30 AM
From: Sam Raven  Read Replies (1) of 1567
 
It has been one of those long nights....and now qcharts is down...here is what we have figured for today.

The market internals continued to weaken Friday. But the screened stock ratio improved to 9.6 to 4.2 favoring buying. Since the screened stock ratio went back positive, I'd estimate the market risk is back down to low. The split between the internals and the screened stock ratio is a little bothersome.

The strongest groups are not changing much, they remain, biotechs, drugs, insurance, healthcare and medical equipment.

Long: CBRL, CDWC, GDT, JNJ, MRCY, SLM, SYK and WFMI

Good Trading!!

Sam
savvy-trader.com
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