Trend remains up
No change this week in the positive overall market trend picture. Sentiment indicators are worsening – reflecting the increasing bullish sentiment of market participants – but aren’t at extreme levels, suggesting there is still more room on the upside.
New positions
No new positions this week.
Watchlists
There were many “upside strength” candidates this week. A few highlights of interest include Abercrombie & Fitch (ANF), Aon Corp. (AOC), Arrow Electronics (ARW), Bank of America (BAC), Best Buy (BBY), Chubb Corp. (CB), Furniture Brands (FBN), Procter & Gamble (PG), Tupperware (TUP), and ViaSat (VSAT).
The only new candidate of interest on the “oversold” scans this week was Walgreen (WAG).
