Is today that buyable dip you’ve been waiting for? It seems as though this is what the Euro headlines have been serving as lately – dip generation devices for the bulls. If you agree with that, you’re probably out hunting for buy candidates this afternoon.
Here are some highly-ranked industry groups from the FusionIQ proprietary algorithm this morning. We’ve ranked the entire universe of US exchange-traded stocks on a 1-to-100 basis, 100 being the strongest, and these are the sub-sectors in which the software is detecting technical strength. We also screen this universe for a fundamental ranking and the resulting Master Rank blends both scores.
Let this serve as a starting point for your own research, of course…