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Major Indexes EXTENDED, 100% CASH

01/18   8:20am

Major indexes are RSI 70+ signaling EXTENDED. See Big Picture Snapshot 01/16

Of the 750 stocks monitored in the database, it is extremely difficult to find candidates that are not extended.  

This morning, futures are pointing to a MIXED 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. 

Selective Chartists Positions (with BUY price):   None  100% CASH

Closely Monitoring:  See Stock Focus List 01/15

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