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Good Economic News Sparks Rally, 8 Positions

Good Economic News Sparks Rally, 8 Positions

01/19    8:45am


On Wednesday, favorable economic news, a rally in the semiconductor sector and good earnings from Golman Sachs & JP Morgan are factors attributed to the rally. Numerous leading stocks are staging breakouts and many more are forming bases. This morning, Initial Jobless Claims reported better than expected. Anticipate the rally to continue.

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

Altera (NASDAQ:ALTR) $39.42 (Buy #1)
Altera (ALTR) $40.12 (Buy #2)

Cypress Semi (NASDAQ:CY) $18.81
Wynn Resorts (NASDAQ:WYNN) $116.01
Ulta Salon (NASDAQ:ULTA) $75.60


Closely Monitoring:

Valeant Pharm. (NYSE:VRX)

Dupont (DD)

Herbalife (NYSE:HLF)

Tempur-Pedic (NYSE:TPX)

Freeport (NYSE:FCX)

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)

Nike (NYSE:NKE)


Potash (POT) - speculative

Wynn (WYNN) - speculative


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

These 7 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