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Major Indexes EXTENDED, 3 Positions

 

 

10/26  @ 8:45am


On Monday, major indexes posted gains on higher volume.

Major indexes are trading at overhead resistance levels. It would not be surprising to take a breather at this time so as to rebuild momentum. The vast majority of leading stocks are EXTENDED. 

This morning, futures are pointing to a LOWER 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):   3 (subscribers only)


Closely Monitoring: 

Radware (NASDAQ:RDWR)
Novellus (NVLS)
Tellabs (NASDAQ:TLAB)
Boeing (NYSE:BA)
Goldman Sachs (NYSE:GS)
Hewlett-Packard (NYSE:HPQ)
Wynn (NASDAQ:WYNN)
Baidu (NASDAQ:BIDU)
Cognizant Tech (NASDAQ:CTSH)
EMC (EMC)
Charles Schwab (NYSE:SCHW)
Walter Ind. (NYSE:WLT)
Mosaic (NYSE:MOS)

ETFs:
   XLB, SMH


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



Disclosure: Long: 3 Positions