The market internals went positive across the board. The screened stock ratio was very strong at 23.2 to 2.2 favoring buying. Risk drops back to low. Though this is overall positive, we should expect to see some profit taking, as is common with such a strong ratio.
The strong groups remain biotechs, gaming, computer software, medical equipment, restaurants and select retail. We saw a little buying in the oil stocks, we'll keep an eye on a few of those, at least until we get a look at the Oil and Gas Inventory.
Lets try again....
Longs to watch: ACS, BRO, CHIR, CBRL, DGX, EDS, MEDI, MSCC, RETK and SLM.
Sam
savvy-trader.com |
