The market internals weakened again Wednesday. But, the screened stock ratio strengthened, still a wash at 8.7 to 8.0 favoring buying. So, I would estimate that market risk remains moderate. There were some nice looking stocks on the screening to pick from, which seemed to reflect the more positive screened stock ratio.
The strongest groups remain, biotechs, drugs, insurance, healthcare and medical equipment. Computer networks, semiconductors and software occur more often on the screening.
Longs to watch: ACS, CPRT, LLL, MRX, MSCC, PATH, UNWR and VSNX.
Good Trading!!
Sam
savvy-trader.com |
