Hope everyone had a safe holiday. Friday was fun, lets hope is was just a beginning <g>.
The volume was so low on Friday that we can't really make any more assessment of the market risk than we could on Wednesday. Both the market internals and the screened stock ratio were effected by the low volume. For the record, the screened stock ratio was at 0.7 to 0.1 favoring buying. Risk remains moderate. I'm wondering if traders will come back and try to play catch-up after missing Friday's strong showing.
Strong groups; biotechs, gaming, HMO's, computer software, health insurance, medical equipment and select retail. Also keep an eye on toys and security companies.
Note that we have a position in THQI.
Longs to watch: AJG, APOL, CDWC, FDO, MHK, MRCY, ROST, SLM, SYK and THQI.
Good Trading!!
Sam
savvy-trader.com |
