09/10 @ 8:15am
On Thursday, stocks rose on upbeat labor and trade data. Volume was lower across the board.
The gains extended numerous stocks in the Selective Chartists database. However, there are some fresh candidates that are now close to meeting the criteria (see below). Further strength in these may prompt purchases as they emerge from a basing channel.
Major indexes are ABOVE 50dMA & challenging 200dMA. The trend is UP.
This morning, futures are pointing to a HIGHER opening.
Focus is on stocks meeting the CRITERIA & setting stop-loss limits / trailing stops as stocks rise in price.
Selective Chartists Positions (with BUY price): None 100% CASH
Strength in stocks mentioned below may prompt purchases...
Closely Monitoring: (many are extended & in need of pullback..)
Green Mountain Coffee (NASDAQ:GMCR)
Mechel Steel (NYSE:MTL)
Phillips Van Heusen (NYSE:PVH)
Joy Global (JOYG)
Cypress Semi (NASDAQ:CY)
ETFs: QQQQ, DIA, XLI, XLY
View postings on StockCharts:
Disclosure: None 100% CASH