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KOMG, RE, ABT and RGS all alerted today.
The SSRatio turned up, and this time looks like a bottom gaining 0.11 to -0.83 favoring Selling, the estimate of market risk remains High. We remain in "lite mode." This looks better than last time we saw an up-tick in the Ratio, so it should be playable, though market risk remains high as long as the Ratio is negative.
Sam
CFC was the only alert today, pay attention to the market risk, I'm see more and more stops hit.
The SSRatio headed back down on Monday, dropping 0.02 to -0.92 favoring Selling, the estimate of market risk remains High. We remain in "lite mode." It doesn't look too good here, but, the ratio can easily turn positive in a few days if we get some strength in the markets internals.
Sam
NTLI alerted a breakout on Friday and AHMH, HRB, LEND and RGLD all alerted turnarounds.
The SSRatio turned back up a bit, but the estimate of market risk remains High.
Sam
BEAS was the only alert today, and it gapped up lowing any profit one would have had. OVTI screened out again for tomorrow as a breakout.
The SSRatio continues down, dropping -0.21 to -0.71 favoring Selling, the estimate of market risk remains High. We remain in "lite mode." What we have seen the last two days is a large volume moving out of the stocks that have made the best gains over the last couple months.
Three potential short screened out for tomorrow; ATMI, NEWP and TECD.
Sam
Only two alerts today, OVTI and VSEA.
The SSRatio headed down surprisingly hard, dropping -0.17 to -0.50 favoring Selling, the estimate of market risk remains High. We remain in "lite mode." The indication is that the market's internals are still weak.
Sam
It was easy shopping today, four out of eight of the potential turnaround stocks we watched were home builders, all made nice gains and the only other turnaround that alerted was an oil and gas company. We watched only five breakout stocks, all alerted, ADIC, DRL, HPQ, JBLU and ZRAN.
The SSRatio turned mildly up Monday, gaining +0.02 to -0.33 favoring Selling, the estimate of market risk remains High. We remain in "lite mode." This is a good sign that the market might continue up from here. The Ratio is easily within a day or two of turning positive and the recent correction has added some needed skepticism. I have to admit, it being that the third quarter is often the weakest period of the year, I'll be surprised if we get a really good rally, but I've also learned not to second guess the SSRatio.
Sam
I hope more than just a few folks keep their eye on SERO.
Sam
Only three alerts today, ATK, BUD and FDP. NCI and SERO are worth watching again.
The SSRatio turned back down after Thursday's weak market, losing -0.16 to -0.31 favoring Selling, the estimate of market risk remains High. We remain in "lite mode." Now we are getting the selling we were asking for. Be careful tomorrow.
Sam
ADIC alerted again, (it had screened out both days), the other alerts included FCN as a turnaround, and CSCO, HPQ, MERQ and QLGC as breakouts.
The market internals continue to improve, yet, I'd still to see some backing and filling before the Ratio goes green.
Sam
Again, another day of easy pickens', and the past days picks continue to do well. Today had ADIC, COH and SRNA alert off the list, but there were many others we followed in the room.
The market internals continue to improve as the SSRatio gained another +0.33 to -0.35 favoring Selling, the estimate of market risk remains High. We remain in "lite mode." The Ratio could give the all clear signal over the next day or two, but I'd like to see some backing and filling first.
Sam
There was lots of stocks doing well today, some of those gains would have been missed on the gap up, but alerting off our list (all but one stock alerted); MNTR, ANDW, BBA, GPRO and OVTI. I mentioned that some from Friday were worth keeping track of, ASKJ did exceptionally well out of that group.
Sam
The SSRatio continued its rise toward the green, +0.24 to -0.94 favoring Selling, the estimate of market risk remains High. We remain in "lite mode." It will be interesting to see how long Thursday's unemployment release will effect the market, especially since there were so many market players gone on that day. The low volume did have an affect on the number of stocks that screened out for today. With the relatively long list of breakouts to watch last Thursday you'd think we would have gotten more than just one alert, but that was it, PKTR was the only alert out of the three potential turnaround stocks and twenty potential breakouts. There are still several of those worth watching tomorrow.
Sam
LPNT was the only turnaround position alerting today. AGI, AVID, CG, HTCH, LM, MENT, MSCC, PSUN, SNDK, STX and TECH all alerted breakouts.
Sam
Three shorts we watched today alerted, but the closed up on the day, they aren't worth the risk to hold since the market seems to be on the mend, at least for the present. JNJ was the only turnaround position alerting today. TBL and YHOO were the only breakouts alerting.
The SSRatio looks to be on the way back up, showing improving market internals, rising +0.11 to -1.51 favoring Selling, the estimate of market risk remains High. We remain in "lite mode." Looking better than it has in a few weeks. Lots of potential breakouts to watch tomorrow.
Sam
AMLN and VRTX. alerted shorts today, CFC and DGIN did the best of the longs.
Sam
The turnarounds alerting today include; AGP, BIO and JNJ. JNJ was the only that traded down. ARO was the only breakout alert.
The estimate of market risk remains High. The drop in the Ratio is slowing so maybe, just maybe we are turning the corner.
Sam
The nice number of alerts yielded some good moves, COO, DRL, ELAB, ITT, NBY, FBC and IGT. This was a second day run on IGT.
The estimate of market risk remains High.
Two stocks I might favor tomorrow are BIO and CRL. Both have screened out for the last two days.
Sam
Today we had several turnaround stocks alert; BG, BRO, FDO, HRH, KBH and FHCC. Both breakouts alerted; IGT and WFII.
The estimate of market risk remains High.
Sam
The SSRatio shows no sign of slowing its drop, falling another 0.49 to -1.27 favoring Selling, the estimate of market risk remains High. We remain in "lite mode." Some stocks are beginning to hit support zones, but be careful. The shorts may still be the best place to look for trades.
Sam
Nothing but short alerts today, we're pretty much hunkered in foxholes.
Sam
Since the SSRatio when negative last week I'll start with the shorts that alerted on Friday, all but one on the list; ATMI, CRY, CY, IRF, UTEK and VRTY all alerted on their way down. On the long side, AZO and LNCR was it.
The SSRatio is only looking worse the estimate of market risk remains High.
Sam
The SSRatio dropped deeper into the negative, falling 0.53 to -0.49 favoring Selling, the estimate of market risk remains High. Looking at a -0.49, this correction may be longer than I first expected. The last two dips below the zero line we never went lower than -0.14 (6 days red) and -0.10 (3 days red). So we may be in for a little vacation in "lite mode" territory this time around. If last Wednesday turns out to be short term high in the NASDAQ, we'll have been gifted with a SSRatio sell signal on the same day. Something I hope to live long enough to see repeated.
A reverse screen produced 7 potential shorts for tomorrow (Thursday's are still worth a watch too); ATMI (short alert at 25.24), CRY (alert 10.39), CY (alert 12.21), IRF (alert 26.75) TECD (alert 26.10), UTEK (alert 18.09) and VRTY (alert 17.84).
Sam
Today we were negative on the market, since the SSRatio turned negative. We still had a few good alerts; turnaround alerts included only two oils, ECA and PPP. PKI and USTR were the only breakouts that alerted. Of three shorts we had only CLS alert on its way down.
Sam
The SSRatio dropped enough Wednesday to signal "lite mode" falling 0.39 to +0.04 favoring Selling, the estimate of market risk rises to High. The market internals have decayed almost every day since the June 6 ratio peak of 2.23. This gave us another 16 positive days, which followed a 23 day run, the two runs interrupted by a 3 day pause. Theoretically, with this signal, one would sell at the open tomorrow, but the 16 trading day run, from the open May 28 to the close today, the NASDAQ rose 7.5% and the NYSE rose 6.7%. Both would be wonderful return when compared to a year of other investments, and the gains we've seen in stocks we alerted have easily beat those gains.
My feeling is that we are seeing a correction in a bullish market phase, if so, the SSRatio won't be negative for very many days. But in the meantime, I'll be cautious and will tighten the stops of the positions I'm holding, and add new positions with 1/2 or less of more normal position size.
Sam
We ended the day with 3 alerts; FDS, RGLD and SHFL. SHFL ended the day below the alert price. FDS was easy to buy as it alerted and did very well.
Sam
SHFL just alerted a turnaround.
RGLD, a gold stock, is the only alert so far today.
Sam
By the end of the day we had MNTR and UHS alert turnaround plays, and ALO, CECO, CVH, MACR, RMD and UCBH alert breakouts. Only one stock didn't alert today, MVSN.
Sam
This morning's alerts include only on turnaround stock, UHS and five breakouts ALO, CECO, CVH, MACR and UCBH. ALO and CECO look the best right now, UHS is red and it is one I was looking at buying for myself.
Sam
The SSRatio dropped a bit more, but just to show how elastic the Ratio is, yesterday's rally managed to only slow the drop losing 0.03 to +0.64 favoring Buying, the estimate of market risk remains Low. The rally was just what we needed to stay in the positive this week, stay tuned.
Sam
Alerts this morning includes; HRB as a turnaround, EFDS, HAR, LEN, SCSS and TOL as breakouts. Heck of a market so far today.
Sam
The SSRatio continues to reflect the loss of upward momentum, dropping 0.43 to +0.67 favoring Buying, the estimate of market risk remains Low. We are going to need a couple of strong days to keep the Ratio from going negative this week. Neither of the potential turnarounds that screened out for today look that good to me, and two out of the six potential breakouts are home builders.
Sam
HDI turned out to be the only alert we had today. I didn't buy anything for myself and pretty much nursed the positions I carried over. I did pick AAII back up at support just above 16.
Sam
HDI finally alerted today, looking good.
The SSRatio resumed its decline, dropping 0.04 to +1.10 favoring Buying, the estimate of market risk remains Low. Even though the internals have been positive over the last few days, the upward momentum of the strong stocks is declining.
Sam
ACV was the only turnaround stock that alerted today, there was only two we watched. The other, HDI, has screened out twice without alerting and screened out again for tomorrow. CVH, LAVA and MANH alerted a breakout. UPL also alerted a the open and drifted down after that. It not likely would have been a play today.
The SSRatio resumed its drop Thursday, showing that the upward momentum definitely slowed, however, the Ratio remains positive.
Sam
BSTE looks much better than it did when I last checked in, nice for you Zeev. I never got another position in it.
Sam
We had several alert in today's strong market; COT, GXP, LPNT MGAM and PGR all alerted a turnaround. SJT was the only breakout that screened out and it alerted as well.
We also played the breakout of UTSI and USNA.
Sam
Not a lot alerted for us today; PGR alerted a turnaround and DRL alerted a breakout. Otherwise, we sat and watched thinking the market would turn down....how it goes.
Sam
That is how I view it too. A break below 39.70 would be very worrisome, but buy just above has a nice risk/reward.
Good luck with it.
Sam