On Wednesday, most of the major indexes' gains came after the Fed's news. Volume was heavier across the board. Major indexes are displaying positive technical indicators suggesting higher levels may lie ahead. The climate remains BULLISH... However, numerous leading stocks are extended and in need of pullback to digest gains & rebuild momentum.
This morning, futures are pointing to a modestly LOWER opening.
Selective Chartists Positions (with BUY price): None 100% CASH
However, numerous candidate are close to emerging for buy considerations.
Acme Packet (NASDAQ:APKT)
Coventry Health (CVH)
JC Penny (NYSE:JCP)
View the charts: