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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject1/7/2002 2:13:59 AM
From: Sam Raven  Read Replies (1) of 1567
 
Market internals are playing catch-up with the screened stock ratio, they were strong Friday. This week we'll start giving the screened stock ratio in the divided format, which continues strong at +4.81 favoring buying, the estimate of market risk remains low. A very slight weakening was seen in the ratio as many of the high flyers Thursday got a little profit taking. It wouldn't surprise me to see some more profit taking, but it remains in the range of a buying opportunity. 

Strong groups remain; computer services, gaming, homebuilders, software, restaurants, semiconductors and select retail. Biotechs continue to fall.

Longs to watch: APOL, BJS, FHRX, IGT and NDN.

Good Trading!!

Sam
savvy-trader.com
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