10/05 @ 8:20am
On Monday, major indexes fell for the 3rd time in 4 sessions. Volume fell on both exchanges. Weak economic data was concerning for investors.
Weakening indicators (RSI & MACD) for the major indexes are signaling near-term CAUTION. Orderly pullbacks on light volume would be beneficial for stocks to digest recent gains and rebuild momentum.
Focus is on stocks meeting the CRITERIA & setting stop-loss limits / trailing stops as stocks rise in price.
Selective Chartists Positions (with BUY price): 1 (subscribers only)
Wynn Resorts (NASDAQ:WYNN)
Family Dollar (NYSE:FDO)
Companhia Siderugica (NYSE:SID)
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Disclosure: Long 1 position (subscribers only)