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)
Goldman Sachs (NYSE:GS)
Cognizant Tech (NASDAQ:CTSH)
Charles Schwab (NYSE:SCHW)
Walter Ind. (NYSE:WLT)
ETFs: XLB, SMH
View postings on StockCharts:
Disclosure: Long: 3 Positions