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Stocks Rally On Light Volume, 1 Position

03/18  8:30am

On Thursday, major indexes rose on a snap-back rally from oversold conditions. Volume was light and unconvincing to market technicians.  The light volume is a sign that institutional investors are hesitant to provide underlying support to buying activity.

There is no sector leadership and
vast majority of stocks are below 50dMA.

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

Focus is on stocks holding above the 50dMA & close to / meeting the CRITERIA. 

Selective Chartists Positions (with BUY price):  1 position (subscribers only)

Closely Monitoring: 

Caterpillar 9CAT)
Lululemmon (NASDAQ:LULU)
Peabody Energy (NYSE:BTU)
Consol Energy (NYSE:CNX)
Massey Energy (NYSE:MEE)
Southwestern Energy (NYSE:SWN)
Verifone (NYSE:PAY)
Dollar Tree (NASDAQ:DLTR)
Chipotle (NYSE:CMG)
Under Armour (NYSE:UA)
First Solar (NASDAQ:FSLR)
Archh Coal (ACI)
Deere (NYSE:DE)
Dupont (DD)

View the charts: