On Thursday, stocks reversed to close higher but volume tapered off. Major indexes are close to testing the 50dMA. RSI and MACD are weakening. The climate is HIGH CAUTION.
Numerous leading stocks remain EXTENDED.
Focus is on stocks emerging from bases & above 50dMA.
This morning, futures are pointing to a modestly HIGHER opening.
Selective Chartists Positions (with BUY price): 2 (subscribers only)
Acme Packet (APKT)
Analog Devices (ADI)
JDS Uniphase (JDSU)
Coventry Health (CVH)
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