The Screened Stock Ratio actually weakened on Monday, yet only slightly at -1.96 favoring selling, the estimate of market risk rises to high. I was a little surprised by just how weak the ratio was, but it is best that it slowly crosses into positive anyway.
No additional short term stocks screened out for Tuesday, three were removed on the pop they got Monday, NCEN repeated so I upped the range. But there are always the breakouts to add interest in the day: CL, COGN, HCBK, ISSX, OHP, RDC, RGIS and UNTD. No shorts screened out for today, anyone shorting MRVL, the only one on Monday's short list, did very well.
Note that we now have a position in NCEN.
Sam
savvy-trader.com |
