02/24 8:30am
On Thu., major indexes advanced on higher volume. Although indicators are mixed / weakening, major indexes continue to post gains. It is important to focus on stocks that are not extended close / meeting the criteria. Cimate is CAUTION as major indexes RSI is 70+ (extended) & MACD is weakening.
This morning, futures are pointing to a modestly HIGHER opening.
Focus is on stocks holding ABOVE 50 & 200dMA (meeting CRITERIA).
Selective Chartists Positions (with BUY price):
Jazz Pharm (JAZZ) $49.90 (Buy #1)
Jazz Pharm (JAZZ) $50.10 (Buy #2)
Jazz Pharm (JAZZ) $50.81 (Buy #3)
Herbalife (HLF) $62.17 (Buy #1)
Herbalife (HLF) $64.00 (Buy #2)
Closely Monitoring:
Alexion (ALXN)
IShares Silver Trust (SLV)
OReilly Automotiv (ORLY)
Chicago Bridge (CBI)
Ross Stores (ROST)
Tyco (TYC)
Dollar Tree (DLTR)
Joy Global (JOY)
Express Scripts (ESRX)
Nordstrom (JWN)
TJX (TJX)
Cameco (CCJ)
VMware (VMW)
Hartford Fncl (HIG)
Mosaic (MOS)
Potash (POT)
Wynn Resorts (WYNN)
Cabot (COG)
Schlumberger (SLB)
View the charts:
ttp://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1563855