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Momentrix View of the Markets-Monday June 20, 2011

|Includes: CI, DLTR, ILMN, LULU, Mallinckrodt PLC (MNK), PRGO, SHOO
The market experienced a reversal higher after a slight gap down this morning, the result of more worries over Greece out of Europe.

The Dow Industrials and Dow Transports had the most positive action today as far as technical repair. Financials again lagged and we are looking for this group to stabilize prior to having confidence of a sustainable market rally.

Oil continued its weak trade leading to poor trade for the oil service group. Volume was on the light side today causing some concern on the sustainability of the rally.
The healthcare sector is one of the strongest year to date and we are looking to get more exposed to the sector. One Fundamental Momentum stock owned in the model portfolio, Healthspring (NYSE:HS), had a decent day and looks poised to move higher should the market stabilize.
 
Other stocks of interest in the group include QCOR, PRGO and ILMN. We are finding a number of stocks from the retail group (LULU, DLTR, SHOO) that look good both fundamentally and technically, probably a result of lower oil prices.