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Major Indexes Achieve 50 / 200 DMA Crossover, 11 Positions

Major Indexes Achieve 50 / 200dMA Crossover, 11 Positions

02/08 8:50am

On Tuesday, the indexes touched inraday lows in the 1st half hour, then rebounded on fresh jobs data. Volume rose across the board. The 50 / 200dMA crossover has occured and is a signal of a BULLISH scenario suggesting higher levels may lie ahead.

This morning, futures are pointing to 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
Check Point (NASDAQ:CHKP) $57.59

VMware (NYSE:VMW) $95.54 (Buy #2)

BioMarin Pharm (NASDAQ:BMRN) $37.28 (Buy #1)
BioMarin Pharm (BMRN) $37.68 (Buy #2)

VMware (VMW) $94.44 (Buy #1)

Polaris (NYSE:PII) $67.68

Jazz Pharm (NASDAQ:JAZZ) $49.90 (Buy #1)
Jazz Pharm (JAZZ) $50.10 (Buy #2)
Jazz Pharm (JAZZ) $50.81 (Buy #3)

Citirix (NASDAQ:CTXS) $71.02

Closely Monitoring:

McDonalds (NYSE:MCD)
Nordstrom (NYSE:JWN)
American Express (NYSE:AXP)
Beazer (NYSE:BZH)
KB Home (NYSE:KBH)
Pulte (NYSE:PHM)
Altera (NASDAQ:ALTR)
Cerner (NASDAQ:CERN)
Acme Packet (NASDAQ:APKT)
speculative (may be a turnaround - does NOT meet criteria)

ETFs: IWM, SMH, XHB, XLE, XLI, XLF

View the charts:

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

Disclosure: I am long UA, CHKP, BMRN, WMW, PII, JAZZ, CTXS.