Trend up again, but mixed picture overall
The market trend picture has reverted back to positive after last week’s market strength. However, the semiconductors sector remains a notable negative, and sentiment indicators remain a potential intermediate-term concern. Overall, it’s a pretty mixed bag.
New positions
No new positions this week.
Watchlists
“Upside strength” candidates of interest this week include Aflac (AFL), Altria Group (MO), Barnes & Noble (BKS), Commercial Metals Co. (CMC), FPL Group (FPL), Heinz (HNZ), Merck (MRK), Microsoft (MSFT), Nucor (NUE), Praxair (PX), Steel Dynamics (STLD), and Union Pacific (UNP).
Candidates of interest on the “oversold” scans include Allstate (ALL), American International Group (AIG), Analog Devices (ADI), Applied Materials (AMAT), CBS Corp. (CBS), Dollar Tree Stores (DLTR), GATX Corp. (GMT), Genworth Financial (GNW), J. M. Smucker (SJM), Jabil Circuit (JBL), Texas Instruments (TXN), Tidewater (TDW), and Vulcan Materials (VMC).
