If the trades had not gone so well today, I'd think we were whipped by the market turning back down.....as did the market internals. And, the screened stock ratio also flipped back to a decline after a one day break. Looks like the screened stock ratio reflects slower volume at 8.2 to 1.7 favoring buying. Risk moves back up to moderate.
There was some strong moving groups, I noticed in the screening that ACDO, HUM, LH, THC, TGH and UNH all screened out as a good looking group. Otherwise, we'll watch the same strong groups; biotechs, gaming, computer software, medical equipment, restaurants and select retail.
Longs to watch (in addition to above): CVD, FHRX, TTWO and PHCC.
Good Trading!!
Sam
savvy-trader.com |
