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Major Indexes Trim Losses, 4 Positions

|Includes: AET, APKT, Aruba Networks, Inc. (ARUN), LVS, MRK, OPEN

01/11   8:30am

On Monday, reports from Portugal facing increasing pressure to accept a bailout package drove stocks lower.  An afternon reversal helped indexes trim losses.  Volume was mixed. 

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

VIEW Big Picture Snapshot 01/09:
http://www.selectivechartists.com/index.php?option=content&task=view&id=2417&Itemid=50


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.  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):   4 (subscribers only)


Closely Monitoring:  
Salesforce (NYSE:CRM)
Teva Pharm. (NYSE:TEVA)
Aetna (NYSE:AET)
Wellpoiint (WLP
Aruba Networks (NASDAQ:ARUN)
Broadcom (BRCM)
Research in Motion (RIMM)
Green Mountain (NASDAQ:GMCR)
Las Vegas Sands (NYSE:LVS)


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