Alerts today included; AAII, LEND, RESP and OCR.
Despite the indices weakness, the markets internals continued to improve on Tuesday, as reflected in the SSRatio which gained 0.06 to -0.39 favoring Selling, the estimate of market risk remains High. We remain in "lite mode." This is the proper market action to see that will give us a positive environment lasting for more than a few days. If you recall around the 10th of July we were looking to go positive and I commented that I hoped for a bit more backing and filling first, well now we have gotten that. Only one potential turnaround stock screened out for today, but lots of potential breakouts. This sometimes indicates a short term top, guess we'll just have to wait and see.
Sam
