The market internals turned back up, as did the screened stock ratio, which was fairly strong at 15.2 to 2.0 favoring buying. Risk drops back down to low. The screened stock ratio is strong enough to expect some profit taking tomorrow, but there should be some good trades.
Strong groups; biotechs, gaming, HMO's, computer software, health insurance, medical equipment and select retail. The biotechs and the semiconductors were the strongest today.
Note that we still have a position in THQI, on the watchlist again.
Longs to watch: AGY, AJG, CDWC, FDO, GNSS, KMX, SLM, SYK, THQI and TJX.
Good Trading!!
Sam
savvy-trader.com |
