|The market internals turned down Friday after being mixed last Thursday. The screened stock ratio saw weakening volume in both up-trending as well as down-trending stocks at 7.3 to 3.3 favoring buying. Risk remains moderate. |
The strong groups include biotechs, gaming, computer software, medical equipment, restaurants, select retail, and recently energy stocks. The number of restaurant stocks in the screening was a little surprising.
Longs to watch: APC, ARG, BVF, CBRL, FE, HP, HRB, PDS, TYC and YUM.