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Climate Still Cautious, 3 Positions

01/18    8:45am


On Tuesday, stocks opened strongly on European and global growth optimisim, but gave back more than half of the day's gains. Volume was mixed. Earnings seson is in full swing this week addiing volatility to the market. Major indexes are positive biased displaying strengthening indicators. Good earnings by Goldman Sachs were released this morning and is a positive impact on the opening.

Major indexes are ABOVE 50 & 200dMA

This morning, stock futures are displaying a HIGHER 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)
Wellpoint (WLP) $72.22


Closely Monitoring:

Valeant Pharm. (NYSE:VRX)

Dupont (DD)

Herbalife (NYSE:HLF)

Tempur-Pedic (NYSE:TPX)

Freepoort (NYSE:FCX)

Ulta (NASDAQ:ULTA)

SanDisk (SNDK)
  

Xilinx (NASDAQ:XLNX)

Analog Devices (NASDAQ:ADI)

Agilent Tech (NYSE:A)

3M (NYSE:MMM)

Cisco (NASDAQ:CSCO)

Occidental Petro. (NYSE:OXY)

Las Vegas Sands (NYSE:LVS)

Cummins (NYSE:CMI)

Potash (POT) -
speculative

Wynn (NASDAQ:WYNN) - speculative



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