The market internals were mixed Thursday, one of those days where both new highs and new lows increased in the NYSE. The screened stock ratio weakened to where volume was equal between up trending stocks and down trending stocks, at 5.0 to 5.0 the market risk remains moderate, however, due to both the screened stock ratio and the likely profit taking off Thursday's gains, I'd be a little cautious.
Biotechs, discount retailers, medical equipment and software remain strong sectors, technology stocks seem are making more and more gains on other sectors.
Longs to watch: APOL, ATK, APC, DRIV, DLX, MRCY, SYK and TTWO.
Good Trading!!
Sam
savvy-trader.com |
