The market internals improved again on light volume. The screened stock ratio holds positive at 7.0 to 0.9 favoring buying, the market risk remains low. Both sides of the ratio are low, reflecting the lack market volume.
Strong groups; biotechs, computer services, gaming, homebuilders, software, restaurants and select retail. And still, a lot of energy stocks showing on the screening, however, if crude oil inventory continues up, you can expect the stocks to go back down.
Longs to watch: AFFX, AGY, BBY, CCUR, DRI, GNCC, MDR, RGIS, SCUR and XLNX.
Good Trading!!
Sam
savvy-trader.com |
