On Tuesday, positive headlines out of Europe and upbeat U.S. housing data fueled the market's best gain in a month. The rally was constructive as improvemet was made in the technical indicators. The rally has not eliminated the overall concerns but has propelled numerous stocks to enter basing stage vs. the recent downtrend.
Major indexes are still displaying MIXED but improving indicators. This morning, stock futures are displaying a MIXED opening as digestion of yesterday's gains are anticipated.
Focus is on stocks holding ABOVE 50 & 200dMA (meeting CRITERIA).
Selective Chartists Positions (with BUY price): NONE 100% Cash
(however, candidates are beginning to emerge for purchase consideration)
Automatic Data Processing (NASDAQ:ADP)
Ross Stores (NASDAQ:ROST)
FMC Tech (NYSE:FTI)
View the charts:
Major Indexes dispaying imroving indicators & Strongest Stocks close / meeting CRITERIA