Both INTL and AMD gave upward guidance and traded up in after hours yesterday. This should help today's market.
The market internals understandably weakened a bit on Thursday. The screened stock ratio also weakened at 22.2 to 4.2 favoring buying. Risk goes back to moderate. Again, stocks falling to support are buying opportunities as since they should bounce following the profit taking.
Strong groups; biotechs, gaming, HMO's, computer software, health insurance, semiconductors and select retail.
Longs to watch: ADSK, AGY, IGT, IMMU, JCI, MHK, ROST, SPLS, STJ and YUM.
Good Trading!!
Sam
savvy-trader.com |
