Despite the climb in the indices, the market internals continued down, the troops were apparently not following. The screened stock ratio also took another drop to +1.61 favoring buying (still positive but weakening), the estimate of market risk remains moderate. By the look of the after market trading Tuesday, it looks like a good day to sleep through at least the open.
Strong groups include; computer services, computer peripherals, computer memory devices, Internet ISP's, gaming, homebuilders, software, restaurants, semiconductors and select retail.
These are buy on support: APOL, BBBY, MNTG, TJX and WMI.
Good Trading!!......or sleeping <g>
Sam
savvy-trader.com |
