The market internals started back down today. And the screened stock ratio weakened further at 6.6 to 3.5 favoring buying. Risk remains moderate. This selling still remains within the bounds of profit taking. But obviously, caution is warranted as the screened stock ratio approaches a position of favoring selling.
Strong groups; biotechs, gaming, HMO's, computer software, health insurance, medical equipment, semiconductors and select retail.
Longs to watch; ESST, GDT, ISIP, JNJ, PEP, THC, VIP, VSNX, WLP and YUM.
Good Trading!!
Sam savvy-trader.com |