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Major Indexes ABOVE 50 & 200dMA, 4 Positions

Major Indexes ABOVE 50 & 200dMA, 4 Positions

01/11     8:30am


On Tuesday, major indexes gained ground as some basing stocks spiked resulting in breakouts. Volume rose across the board. A positive technical development occured as each of the major indexes are now ABOVE 50 & 200dMA. In general, Tuesday's action significantly improved the technical indicators and heavier volume confirms institutions are dipping into the waters...  

This morning, stock futures are displaying a modestly lower opening. 


Focus is on stocks holding ABOVE 50 & 200dMA (meeting CRITERIA).

 
Selective Chartists Positions (with BUY price): 

Cabot Oil (NYSE:COG) $78.95 (Buy #1)
Cabot Oil (COG) $81.70 (Buy #2)
Caterpillar (NYSE:CAT) $99.85
Wellpoint (WLP)

Note: SOLD LULU (on Tue.) locking in a 14.4% GAIN



Closely Monitoring:

Tempur-Pedic (NYSE:TPX)

SanDisk (SNDK)

Xilinx (NASDAQ:XLNX)

KLA-Tencor (NASDAQ:KLAC)

Tyco (TYC)

Coach (COH)

Nike (NYSE:NKE)

Analog Devices (NASDAQ:ADI)

Altera (NASDAQ:ALTR)

3M (NYSE:MMM)

Cisco (NASDAQ:CSCO)

Alexion (NASDAQ:ALXN)

CF Ind (NYSE:CF)

Occidental Petro. (NYSE:OXY)

F5 (NASDAQ:FFIV)


 

ETFs:

Semiconductor Index (NYSEARCA:SMH)
Homebuilders Index (NYSEARCA:XHB)
Energy Sector (NYSEARCA:XLE)
Industrial Sector (NYSEARCA:XLI)
Russell 2000 ishaes (NYSEARCA:IWM)

These 5 ETFs are meeting the CRITERIA and are ready for purchase NOW.....


View the charts:  

Major Indexes displaying positive biased indicators, Strongest Stocks & ETFs close / meeting CRITERIA

ttp://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1563855