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Numerous Stocks EXTENDED, 100% CASH

|Includes: ARCH, BTU, LDK Solar Co., Ltd. (LDK), WDC, WLT, X

02/16   8:30am

On Tuesday, stocks retreated after mostly disappointing economic news. A concern among market technicians is that volume rose across the board.  Ideally, we want to see light volume on pullbacks.  Will need to closely monitor market action & volume over the next few days.  After numerous sessions of gains, anticipate backing & filling. Numerous leading stocks are extended. Pullbacks to digest gains & rebuild momentum would be healthy.

The TREND remains to be UP....

This morning, futures are pointing to a
HIGHER opening.

Focus is on stocks close to / meeting the CRITERIA:

Selective Chartists Positions (with BUY price):  
NONE   100% Cash

Closely Monitoring: 
Walter Ind. (NYSE:WLT)
SanDisk (SNDK)
Arch Coal (ACI)
Peabody Energy (NYSE:BTU)
US Steel (NYSE:X)

View the charts: