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Focus On Stocks Emerging From Bases

|Includes:ATHR, GES, HPQ, JCI, JWN, LEN, MCHP, MGM, MOS, NOC, NetEase, Inc (NTES), NVLS-OLD, SID, TOL, UTX, XLNX

 


09/29  @ 8:25am


On Tuesday, major indexes rebounded to close higher after early losses driven by worse-than-expected sentiment and housing data. Volume rose across the board.

Orderly pullbacks would be healthy for stocks so as to provide attractive entry points when candidates once again meet the criteria. Numerous stocks need to digest gains and rebuild momentum.

This morning, futures are pointing to a modestly HIGHER opening for the major indexes.    

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
   

Closely Monitoring: 
Netease (NASDAQ:NTES)
Cmpanhia Siderugica (NYSE:SID)
Mosaic (NYSE:MOS)
Northrop (NYSE:NOC)
United Tech (NYSE:UTX)
Lennar (NYSE:LEN)
Toll (NYSE:TOL)
Nordstrom (NYSE:JWN)
Guess (NYSE:GES)
Atheros (NASDAQ:ATHR)
Microchip (NASDAQ:MCHP)
Novellus (NASDAQ:NVLS)
Hewlett-Packard (NYSE:HPQ)
Xilinx (NASDAQ:XLNX)

Note: Further strength in these may prompt purhcases...


ETFs:
  XLI, XLY, XLV, IBB, SPY, IVV, IWM, SMH


View postings on StockCharts:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1563855



Disclosure: None: 100% CASH However, purchases may occur this morning....
Stocks: NTES, SID, MOS, NOC, UTX, LEN, TOL, JWN, GES, ATHR, MCHP, NVLS-OLD, HPQ, XLNX, MGM, JCI