The market internals decayed a bit more. The screened stock ratio continued down at 15.2 to 7.1 favoring buying. Risk remains moderate. The interesting thing about the screened stock ratio this time around was that much of the decline side was due to the drop in oil and oil related stocks. This being the case, and looking at the stocks screened, it was hard not be be more optimistic about today.
The same strong groups remain, biotechs, gaming, computer software, medical equipment, restaurants and select retail.
Longs to watch: ABT, BRO, BSX, CHIR, DBD, DFXI, MNTG, ROST, STJ, YUM.
Good Trading!!
Sam
savvy-trader.com |
