Savvy Trader Companion Thread

[Sam "Raven"]

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