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Mideast & Oil Weigh On Stocks, 3 Positions


03/08  8:30am

On Monday, stocks were posting triple digit losses until a late day snap-back rally occured ending off session lows.  Volume was mixed.  Mideast tensions & rising oil prices fueled the sell-off.

CAUTION:

Major indexes are once again testing 50dMA. Trade below could trigger institutional selliing....

This morning, futures are pointing to a MIXED opening for the major indexes. 

Focus is on stocks close to / meeting the CRITERIA. However, curent climate is curbiing aggressive purchases.


Selective Chartists Positions (with BUY price):  3 (subscribers only)


Closely Monitoring: 
Starbucks (NASDAQ:SBUX)
Walter Ind. (NYSE:WLT)
Peabody Energy (NYSE:BTU)
Apple (NASDAQ:AAPL)
Citrix (NASDAQ:CTXS)
Bristol Myers (NYSE:BMY)
Chipotle (NYSE:CMG)
Lululemon (NASDAQ:LULU)
Nike (NYSE:NKE)
Under Armour (NYSE:UA)
Lam Research (NASDAQ:LRCX)
Agilent (NYSE:A)
Riverbed (NASDAQ:RVBD)
Arch Coal (ACI)

View the charts:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1563855