|After the close today, better than expected earnings were released from ADVP, CEPH and CSCO. All traded higher in the after market and should help give the market a boost tomorrow.|
The market internals were back to positive, and the screened stock ratio was very strong at 11.6 to 2.3 favoring buying, the market risk remains low.
Biotechs, discount retailers, medical equipment, semiconductors and software remain strong sectors. Technology was strong Monday, and after the CSCO earnings report it should be a strong group again today.
Be careful about the volatility that comes with Fed meetings, best to be out of positions that you are close to stopping out of anyway.
Longs to watch: ABI, ADP, ADVP, APOL, GILD, MSCC, SLM and TJX.