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   Strategies & Market TrendsStrong Industry Groups - Strong Stocks


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To: Sam Raven who started this subject10/29/2001 2:45:02 AM
From: Sam Raven
   of 1567
 
The market internals are still positive. And the screened stock ratio while weakened a bit Friday remain positive at 12.7 to 3.0 favoring buying. The market risk remains low. We did seem to get the needed profit taking on Friday, so hopefully we can get another day or two of up markets.

The strongest groups remain, biotechs, drugs, healthcare and medical equipment. Computer networks, semiconductors, software and now energy stocks are the fastest risers.

Longs to watch: APOL, ADVP, BVF, CYTC, DLX, LLL, PEP, SLM and SYK.

Good Trading!!

Sam
savvy-trader.com

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To: Sam Raven who started this subject10/29/2001 6:34:20 PM
From: Sam Raven
   of 1567
 
"We and all others who believe in freedom as deeply as we do, would rather die on our feet than live on our knees."

Frankin Delano Roosevelt

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To: Sam Raven who started this subject10/29/2001 11:43:49 PM
From: Sam Raven
   of 1567
 
The market internals flipped to negative Monday. Seems we should have paid more attention to the weakened screened stock ratio, I have to admit Monday's market was worse than I expected. Now the screened stock ratio has gone negative at 6.2 to 3.0 favoring selling. The market risk jumps to high.

For the most part, all sectors were weak on Monday except energy stocks, which were very strong. With several energy stocks on the watchlist there should be some long plays tomorrow, but I'd be cautious anyway.

Longs to watch: ACI, CBRL, CWP, DL, DRIV, GIS, LEXG, MIMS, RPM and VSNX....and PDS

Good Trading!!

Sam
savvy-trader.com

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To: Sam Raven who wrote (693)10/29/2001 11:44:49 PM
From: Sam Raven
   of 1567
 
Several of the stocks alerted, but none except the energy stocks we followed, held their ground. Though this drop was sharper than I expected, I would view it as a buying opportunity, there are several stocks I'd like to make trades when they hit support. For example CYTC.

Sam
savvy-trader.com

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To: Sam Raven who started this subject10/31/2001 12:51:21 AM
From: Sam Raven
   of 1567
 
The market internals worsened Tuesday. So did the screened stock ratio, but not as bad as I would have thought at 7.3 to 3.0 favoring selling. The market risk remains high. I would have guessed that the sell side would have exceeded 10, so maybe this dip won't be as deep.

Again, most sectors were weak, including energy stocks on Tuesday. Energy may recover today and we have a mix of stocks to watch, but still, be cautious.

Longs to watch: ACS, CHIR, DRIV, ITG, NEM, PEP, SLM and THC.

Good Trading!!

Sam
savvy-trader.com

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To: Sam Raven who wrote (697)10/31/2001 11:00:22 PM
From: Sam Raven
   of 1567
 
Well be watching for DRIV to break again tomorrow. PEP and SLM as well. The day was really a sleeper. Even though NEM was up, it is hard for me to get very interested in gold stocks....

Sam
savvy-trader.com

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To: Sam Raven who started this subject10/31/2001 11:13:56 PM
From: Sam Raven
   of 1567
 
Regarding Consumer Confidence from today's Savvy Trader commentary:

Consumer (no)-Confidence dropped over 10 points. So how does it happen that this index is so much weaker than the the University of Michigan Consumer Sentiment Survey?

It turns out, like any other survey, it has to do with what is asked. The Conference Board's Consumer Confidence survey explicitly asks about the labor market and business conditions, while the University of Michigan survey asks about financial well being and buying plans. Also, the Conference Board survey looks out 6 months while the University of Michigan survey looks out 1 to 5 years. Consumers seem to believe that the economy will recover with the longer time span.

The decline in consumer confidence is very much like the decline we saw when Iraq invaded Kuwait in August of 1990. At that time the economy was close to a recession, which did come by the third quarter of 1992. After the initial drop in consumer confidence in August 1990, confidence dropped more than 30 additional points, as the economy remained weak following the end of the war. There are a few differences that make this time around different, this time there is little inflation and unemployment is not expected to climb as high. However, this time the war, and how to fight it, isn't as clear, and there is much more fear in the public. Don't be surprised if we see a deeper drop in consumer confidence. But, a bit of good news...

In January 1991 when we engaged the Iraq's, the stock market started up, despite a still weakening economy.

Sam
savvy-trader.com

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To: Sam Raven who started this subject10/31/2001 11:34:58 PM
From: Sam Raven
   of 1567
 
Signs are looking a little better for tomorrow. The market internals improved today. As did the screened stock ratio at 6.4 to 5.0 favoring buying. The market risk moves back down to moderate.

We finally saw some strength moving back into a few sectors. As groups, biotechs, discount retailers, medical equipment and software and look the best.

FHCC might get some pre-earnings buying, earnings are Monday. We'll set an alert at 27.2. ADVP on the watchlist also reports Monday.

International Game Technology (IGT) releases earnings on next Tuesday, we'll watch for some buying today alerting 51.62.

Longs to watch: ADVP, ARXX, DLX, DRIV, FE, GDT, HNT, NETA, NOVN and STJ.

Good Trading!!

Sam
savvy-trader.com

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To: Sam Raven who wrote (700)11/1/2001 4:22:24 PM
From: Sam Raven
   of 1567
 
I was expecting something out of ADVP today, oh well, there were lots of good trades today. Hopefully we can keep some upward momentum for a day or two.

Sam

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To: Sam Raven who wrote (700)11/1/2001 5:52:34 PM
From: Sam Raven
   of 1567
 
And NOVN issued a upside pre-announcement, whew, to bad it isn't help the stock in the after hours.

Sam

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