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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject10/29/2001 11:43:49 PM
From: Sam Raven   of 1567
 
The market internals flipped to negative Monday. Seems we should have paid more attention to the weakened screened stock ratio, I have to admit Monday's market was worse than I expected. Now the screened stock ratio has gone negative at 6.2 to 3.0 favoring selling. The market risk jumps to high.

For the most part, all sectors were weak on Monday except energy stocks, which were very strong. With several energy stocks on the watchlist there should be some long plays tomorrow, but I'd be cautious anyway.

Longs to watch: ACI, CBRL, CWP, DL, DRIV, GIS, LEXG, MIMS, RPM and VSNX....and PDS

Good Trading!!

Sam
savvy-trader.com
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