On Wednesday, major indexes finished mixed on modestly higher volume on both exchanges.
Major indexes are trading at overhead resistance levels. The vast majority of leading stocks are EXTENDED. Candidates meeting the criteria are evolving but it is now a "stock pickers market".
This morning, futures are pointing to a HIGHER 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):
Baidu (NASDAQ:BIDU) $102.13 (Buy #3)
Baidu (BIDU) $100.84 (Buy #4)
Baidu (BIDU) $102.61 (Buy #5)
Akamai (NASDAQ:AKAM) $50.34
Marvell (NASDAQ:MRVL) $18.38
Citrix (NASDAQ:CTXS) $64.57
US Bancorp (NYSE:USB)
TJ Max (NYSE:TJX)
Goldman Sachs (NYSE:GS)
View postings on StockCharts:
Disclosure: Long: 6 Positions (subscribers only)