Usually traders are in a buying mood after Christmas...we'll see.
Neither the market internals nor the screened stock ratio offer much information on the market for tomorrow, after the low trading volume on Monday. For the record, the screened stock ratio was at 0.5 to 0.3 favoring buying. Risk remains low. Monday was a good day for many of the stocks on the watchlist, but overall, those that missed the day won't figure they missed much.
Strong groups; biotechs, computer services, gaming, homebuilders, software, restaurants and select retail.
Longs to watch: ADVP, BORL, CCUR, CVD, DHI, DRI, DRIV, TTN, UTSI, WFMI and WLP.
Good Trading!!
Sam
savvy-trader.com |
