On Tuesday, stocks sold-off broadly fueled by crisis in Libya. Volume was heavy across the board. Reduced energy output contributed to igniting the decline.
This morning, futures are pointing to a HIGHER opening.
Focus is on stocks close to / meeting the CRITERIA: At this time, there are very few candidates close to the criteria. Selective Chartists is in process of identifying stocks holding ABOVE 50dMA. Once the market snaps-back, stocks fiding support at 50dMA may be the leaders.
Selective Chartists Positions (with BUY price): NONE 100% CASH
Trina Soldar (NYSE:TSL)
LDK Solar (NYSE:LDK)
Lam Research (NASDAQ:LRCX)
Peabody Energy (BTU)
View the charts: