On Wednesday, stocks recouped a small portion of Tuesday's losses. Volume was lower on both exchanges. A positive note is that major indexes held above 50dMA. Stocks held their ground despite oil closing above $100 a barrel for first time since Sept. '08. However, a rally on low volume initiates concerns for sustainability.
This morning, futures are pointing to a HIGHER opening.
Focus is on stocks close to / meeting the CRITERIA. Stocks finding support at 50dMA may become the leaders when market strengthens.
Selective Chartists Positions (with BUY price): 2 Positions (subscribers only)
Companhia de Bebidas (ABV)
Lam Research (NASDAQ:LRCX)
Aceme Packet (NASDAQ:APKT)
Peabody Energy (NYSE:BTU)
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