On Wednesday, after two days of gains, stocks took a breather closing mixed on mixed volume. Anticipate a pullback near-term as many stocks are once again extended. Pullbacks on light volume would be healthy to digest gains & rebuild momentum.
This morning, futures are pointing to a modestly LOWER opening.
The Jobs Report will be announced Friday 8:30am EST. Trading today may be volatile ahead of the report.Focus is on stocks close to / meeting the CRITERIA:
Selective Chartists Positions (with BUY price): 6 (subscribers only)
Peabody Energy (NYSE:BTU)
Cliffs Natural (NYSE:CLF)
Freeport McMoran (NYSE:FCX)
Wynn Resorts (NASDAQ:WYNN)
Las Vegas Sands (NYSE:LVS)
Joy Global (JOYG)
View the charts: