A bad day around here is watching a down market most of the day, with only a few stocks alert off the list, then run the screened stock ratio and find the ratio had expanded, showing there was volume strength in the strong stocks. At least the list is back to its norm tomorrow, we'll see if I recover.
At least the market internals reflected the bad day I was watching, they weakened in both the NYSE and the NASDAQ. But, with a screened stock ratio building strength at 11.7 to 3.6 favoring buying, which is more reliable, (as I edge out on a limb <g>), the estimate of market risk moves back down to low.
Strong groups remain; biotechs, computer services, gaming, homebuilders, software, restaurants, semiconductors and select retail.
The watchlist rotated right back to the companies that have been showing up the last few weeks, plus a few off list. Note that THC, on the watchlist today, has earnings scheduled before the open Friday.
Longs to watch: AGY, CECO, DHI, DRIV, ESIO, GDT, STK, SY and UTSI.
Good Trading!!
Sam
savvy-trader.com |
