Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Technical Indicators Suggest Pullback, 2 Positions

|Includes: AET, LVS, MRK, OpenTable, Inc. (OPEN)

01/10   8:30am

During most of last week, major indexes closed mixed on mixed volume.

Technical indicators are weakening suggesting pullbacks near-term may occur. Major indexes are displayiing RSI 70+ signaiing EXTENDED & weakening MACD.

VIEW Big Picture Snapshot 01/09:

This morning, futures are poiinting to a LOWER opening. 

Focus is on stocks meeting the CRITERIA & setting stop-loss limits / trailing stops as stocks rise in price.  However, market pullbacks can curb gains / performance of the strongest stocks.  EARNINGS season has begun and may add to volatility.

Selective Chartists Positions (with BUY price):   2 (subscribers only)

Closely Monitoring:   (VIEW Stock Focus List 01/08)

View postings on StockCharts: