Market was still on the edge last week. Bulls tried to make their case for bull market by charging towards dow 11K but lost momentum along the way partly due to profit taking and partly due to problems with greek debt. I believe dow 11K is in the cross hair of the bulls now and it is only a matter of time. Earnings season will start in next couple of weeks and it would be interesting to see what Q1 did for the investors although, the comparisons are going to be benign.
Top trades for the last week are shown in the table below. Significant among others are the TTWO and DEER where money managers have poured some money.
Rolling Sell/buy ratio is about the same as it was during the last week. It is still bearish but staying constant for past three weeks.
Industrial trend has remained good in favor of biotechnology this week too.
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