Also, fwiw, IBM is the top ranked stock in the Computer-Tech Services industry which is currently the 50th ranked group out of 197 listed.
In tonights chat, Dave restated his 60:30:10 rule to increase your odds of finiding winning trades (see the chat transcripts for further understanding of this rule). In that vein, I am listing the top 5 companies of the top five groups in Fridays IBD.
Group 1 --> Oil&Gas-U S Expl&Prod
Group 2 --> Chemicals-Fertilizers
Group 3 --> Energy-Other
Group 4 --> Machinery-Farm
Group 5 --> Steel-Producers
So if by chance a 3:1 up to down day occurs tomorrow suggesting a new bullish trend has indeed begun (as mentioned in the chat), perhaps a few of these stocks should be considered for a winning purchase.