The market internals backed off a bit, but not bad, as did the screened stock ratio which remained fairly strong at 19.9 to 4.1favoring buying. But since the ratio weakened, the estimate of market risk moves up a notch to moderate. This is still a buy on weakness range.
Strong groups; biotechs, computer services, gaming, homebuilders, software, semiconductors and select retail. More and more oils are showing up back in the screenings again.....and homebuilders.
Longs to watch: ABI, AZO, BORL, BVF, CEFT, CTEC, DHI, DLTR, EDS and INTL.
Good Trading!!
Sam
savvy-trader.com |
