Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Major Indexes Approaching EXTENDED, 4 Positions

Major Indexes Approaching EXTENDED, 4 Positions

01/26 8:45am

On Thursday, stocks opened the session up on positive durable goods orders, backtracked on weak home sales data, and ended the session posting modest losses. Volume rose on both exchanges. In recent sessions, numerous leading stocks staged breakouts and are now extended. It is increasingly difficult to identify stocks & ETFs close to / meeting the CRITERIA. RSI & MACD are weakening suggesting pullbacks may occur near-term.

This morning, stock futures are displaying a 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) 2 -1 split $39.47
Cabot Oil (COG) $81.70 (Buy #2) $40.85
Cabot Oil (COG) $65.01 (Buy #3) $32.55
Cabot Oil (COG) $66.07 (Buy #4) $33.03

Note: On Wed., SOLD LVS & WYNN locking in profits.

Closely Monitoring:
Polaris (NYSE:PII)
VMware (NYSE:VMW)

Solar Winds (NYSE:SWI)
Joy Global (NYSE:JOY)
Autodeskk (NASDAQ:ADSK)
Schlumberger (NYSE:SLB)
Bed Bath Beyond (NASDAQ:BBBY)
Altera (NASDAQ:ALTR)
IBM (NYSE:IBM)
Ralph Laurenn (NYSE:RL)

ETFs:
Energy Sector (NYSEARCA:XLE)

View the charts:
Strongest Stocks & ETFs close / meeting CRITERIA

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