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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject1/8/2002 12:49:35 AM
From: Sam Raven  Read Replies (1) of 1567
 
Market internals weakened only slightly today. And the screened stock ratio weakened a bit more, but still positive at +4.00 favoring buying, the estimate of market risk moves up a notch to moderate. We may see the end of the profit taking tomorrow.

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

The 5 stocks to watch today are for short term trades, they are close to their support and should provide a profitable risk/reward where the stop is set under the local low (last 1 to 3 days) and the target toward the recent high in the last few weeks.

AGY, APOL, BJS, CPRT and CPS....ok SEAC looks good here too.

Good Trading!!

Sam
savvy-trader.com
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