It's another long night....but here is what I see for Monday.
The market internals continued to decayed Friday. The screened stock ratio saw a volume decrease in both the up-trending and the down trending stocks at 11.4 to 2.1 favoring buying. Risk remains moderate.
The same strong groups remain, biotechs, gaming, computer software, medical equipment, restaurants and select retail. Semi's and communication technology also look good. Unfortunately, many of the nice looking Com Tech companies have a low float.
Longs to watch: AGY, AMCC, ATK, BVF, CCUR, DFXI, DOX, MRCY, STE and STJ.
Good Trading!!
Sam
savvy-trader.com |
