Ok, before I go to bed...The market internals were mixed with the NASDAQ stronger and NYSE weaker. The screened stock ratio regained positive ground at 11.4 to 5.5 favoring buying. This puts the risk back down to moderate. I was a bit surprised at the strength in the screened stock ratio, it will be interesting to see how it plays out today.
Strong groups; biotechs, gaming, HMO's, software, health insurance, semiconductors and select retail. However for one day of strength, semi's and internet stocks did the best yesterday.
Longs to watch: BBY, BCR, CDWC, DBD, DVA, LE, SMTC, STJ, TECD and THQI.
Good Trading!!
Sam
savvy-trader.com |
