Stocks Gain In 6 Of 7 Sessions, 4 Positions
On Wednesday, stocks resisted late selling pressure and closed higher. Good news is that volume rose across the board. After recent gains, major indexes are now testing overhead resistance levels. Need to monitor closely to see if a rallly can develop that will propel indexes above resistance or if a rally will fizzle in need of a pullback
This morning, futures are pointing to a MIXED opening.
Selective Chartists Positions (with BUY price):
Apple (NASDAQ:AAPL) $396.57 (Buy #1)
Apple (AAPL) $397.64 (Buy #2)
Coachh (NYSE:COH) $61.22
Deckers (NASDAQ:DECK) $107.70
Ross Stores (NASDAQ:ROST)
Dow 30 (NYSEARCA:DXD)
ProShares Short Dow 30 (NYSEARCA:DOG)
ProShares Short S&P 500 (NYSEARCA:SH)
SP 500 (NYSEARCA:SDS)
View the charts:
Major indexes ABOVE 50dMA & strongest stocks close / meeting the CRITERIA.