On Wednesday, stocks reversed in mid-afternoon to close higher on rising volume. However, many leadiing stocks pulled back signaling CAUTION. After recent gains, near-term pullbacks are anticipated.
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): 6 (subscribers only)
JP Penny (NYSE:JCP)
Ross Stores (NASDAQ:ROST)
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