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   Strategies & Market TrendsStrong Industry Groups - Strong Stocks


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To: Sam Raven who started this subject11/12/2001 11:15:42 PM
From: Sam Raven
   of 1567
 
The market internals were mixed on Monday, which was an improvement over last Friday. The screened stock ratio reflected slower volume with both sides of the ratio declining at 6.6 to 1.5 favoring buying. Risk remains moderate. However, it is worth mentioning that even with the market selling off, the volume in the down-trending stocks was significantly weaker than the volume in the up-trending stocks, which is positive for tomorrow. Frankly, I liked how stocks traded today under the fear of another terrorist attack.
  
The strong groups include biotechs, gaming, computer software, medical equipment, restaurants and select retail. We'll also be keeping our eye on a few oil stocks.

Longs to watch: ACS, BSX, EDS, GTK, MEDI, MSCC, MYL, NETA, PBG and ROST.

Good Trading!!

Sam
savvy-trader.com

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To: Sam Raven who started this subject11/12/2001 11:40:53 PM
From: Sam Raven
   of 1567
 
Now even the news sounds a bit positive, with more and more indications that the plane crash was an accident and with the Northern Alliance taking Kabul.... guess we'll see in the morning.

Sam

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To: Sam Raven who wrote (731)11/13/2001 11:20:14 PM
From: Sam Raven
   of 1567
 
What a nice day, 5 out of 10 stocks on this list with over 1 point gain. We will carry several of these over tomorrow. Wish it was always that easy.....but was it?

Not exactly. I'm afraid if you account for the opening gap it was very hard to pick a stock and make gains on top of that. In fact, BSX and ROST both gapped up climbed and dropped close to unchanged. ACS gapped up and seemed to keep going, until it topped then fell much of the rest of the day until close to the close. GTK gapped and would have been almost impossible to make much off of...So..out of the 10 stocks, the easy gainer was NETA....but what would your chances of getting that one out of 9 stocks going up?

A nice day, but not necessarily easy. We follow over 20 stocks on our main watchlist, so it was a little easier to find one that was making a buyable dip or, looked to be breaking its days high with some strength...i.e. CHKP, GILD and SMTC.

....and to make matters worse I even had a stop hit in XTO, which turned back up by the close.....so it goes.

Sam
savvy-trader.com

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To: Sam Raven who started this subject11/13/2001 11:35:54 PM
From: Sam Raven
   of 1567
 
The market internals went positive across the board. The screened stock ratio was very strong at 23.2 to 2.2 favoring buying. Risk drops back to low. Though this is overall positive, we should expect to see some profit taking, as is common with such a strong ratio.

The strong groups remain biotechs, gaming, computer software, medical equipment, restaurants and select retail. We saw a little buying in the oil stocks, we'll keep an eye on a few of those, at least until we get a look at the Oil and Gas Inventory.

Lets try again....

Longs to watch: ACS, BRO, CHIR, CBRL, DGX, EDS, MEDI, MSCC, RETK and SLM.

Sam
savvy-trader.com

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To: Sam Raven who wrote (734)11/14/2001 4:41:44 PM
From: Sam Raven
   of 1567
 
Today's SI watchlist didn't do as well as yesterday, but since we were expecting profit taking it made it easier to wait and pick the trades on the day. Something like ACS which gave two opportunities (at 10 on the first alert, then again when it came back down and tested 94.

DGX was one I had the most hope for, did nothing today. Oh well...

Sam

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To: Sam Raven who started this subject11/14/2001 10:35:01 PM
From: Sam Raven
   of 1567
 
Some interesting comments from Chairman Alan Greenspan's speech at Rice University:

"The failure of oil prices to rise as projected in the late 1970s is a testament to the power of markets and the technologies they foster. Today, in real terms the price of crude oil is three-fifths less than in December 1979.

It is encouraging that, in market economies, well-publicized forecasts of crises more often than not fail to develop, or at least not with the frequency and intensity proclaimed by headline writers. This was certainly the case for the concerns about potential surges in the price of gasoline this past summer. The reason, of course, is that producers and consumers alike react to price signals in ways that help to fend off the predicted disasters."

Chairman Alan Greenspan

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To: Sam Raven who started this subject11/14/2001 11:31:48 PM
From: Sam Raven
   of 1567
 
The market internals dropped back to being mixed again, with NASDAQ improving and the NYSE declining. The screened stock ratio turned back down from being very strong, now at 18.7 to 4.8 favoring buying. Due to the decline in the ratio the risk moves up a notch to moderate. If the market heads down tomorrow, I would assume it is just profit taking until we see the screened stock ratio go negative.

Still not much has changed in the strong groups, biotechs, gaming, computer software, medical equipment, restaurants and select retail. We saw no buying in oil issues today.

Longs to watch: CHIR, CPRT, DORL, GIS, MRCY, PDCO, ROST, SYK, UNWR and WLP.

Good Trading!!

Sam
savvy-trader.com

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To: Sam Raven who wrote (737)11/15/2001 4:45:55 PM
From: Sam Raven
   of 1567
 
Today most didn't alert, MRCY did and ended up going down, ROST didn't alert, but looks good for tomorrow (we entered TJX). SYK just hit the alert price, maybe tomorrow on it as well. We'll carry over WLP too.

Good Trading!!

Sam

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To: Sam Raven who started this subject11/16/2001 12:02:55 AM
From: Sam Raven
   of 1567
 
The market internals decayed a bit more. The screened stock ratio continued down at 15.2 to 7.1 favoring buying. Risk remains moderate. The interesting thing about the screened stock ratio this time around was that much of the decline side was due to the drop in oil and oil related stocks. This being the case, and looking at the stocks screened, it was hard not be be more optimistic about today.
 
The same strong groups remain, biotechs, gaming, computer software, medical equipment, restaurants and select retail.

Longs to watch: ABT, BRO, BSX, CHIR, DBD, DFXI, MNTG, ROST, STJ, YUM.

Good Trading!!

Sam
savvy-trader.com

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To: Sam Raven who wrote (739)11/16/2001 10:53:37 AM
From: richardred
   of 1567
 
Sam: Stop over in recession Investing if and when ESE- ever gets on your screen. A new recession,and completion pick for the portfolio today. I picked it for fundamental reasons, but I would be interested if it shows up on your screenings. As conditions have been changing, I have also made some personal changes to it. Namely in some defense stocks in the portfolio that were trading buys, and now are becoming values in my view. This, when the stocks have retracted while earnings, sales, and prospects are still bright, and the stock price decline is out of line with those prospects.

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