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Orderly Pullbacks Are Healthy, 2 Positions

|Includes:BA, Cirrus Logic, Inc. (CRUS), FDO, GES, HPQ, JWN, MCHP, NVLS-OLD, SID, TSL, XLNX

09/30  @ 8:20am


On Wednesday, major indexes closed modestly lower on lighter volume.  Pullbacks on lighter volume are healthy for stocks to digest gains and rebuild momentum. 

This morning, futures are pointing to a modestly LOWER 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):   2  (subscribers only)
   

Closely Monitoring: 
Cirrus Logic (NASDAQ:CRUS)
Trina Solar (NYSE:TSL)
Boeing (NYSE:BA)
Family Dollar (NYSE:FDO)
Cmpanhia Siderugica (NYSE:SID)
Nordstrom (NYSE:JWN)
Guess (NYSE:GES)
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: Long: 2 positions (subscribers only)
Stocks: CRUS, TSL, BA, FDO, SID, JWN, GES, MCHP, NVLS-OLD, HPQ, XLNX