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

Major Indexes Close To 50 & 200dMA Crossover, 2 Positions

Major Indexes Close To 50 & 200dMA Crossover, 2 Positions

02/01 8:45am

On Tuesday, stocks opened higher, but quickly pulled back as mixed earnings and weak economic data eroded investors confidence. Major indexes closed mixed. Volume rose across the board. Major indexes are displaying charts with the 50 & 200dMA very close to crossover. If the crossover occurs, it will signal a bullish technical develoment that should propel the market higher.

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):

Under Armor (NYSE:UA) $79.38
Edwarsds Lifesciences (NYSE:EW) $83.01

Closely Monitoring:

VeriSign (NASDAQ:VRSN)|
Trimble (NASDAQ:TRMB)
Polaris (NYSE:PII)
VMware (NYSE:VMW)

Solar Winds (NYSE:SWI)
Bidu (NASDAQ:BIDU)
Joy Global (NYSE:JOY)
Autodeskk (NASDAQ:ADSK)
Schlumberger (NYSE:SLB)
Altera (NASDAQ:ALTR)
IBM (NYSE:IBM)
Ralph Laurenn (NYSE:RL)

Enesco (NYSE:ESV)
Coach (COH)
NONE

ETFs:

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

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

Disclosure: I am long UA, EW.