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):
VMware (VMW) $94.44 (Buy #1)
Polaris (NYSE:PII) $67.68
Citirix (NASDAQ:CTXS) $71.02
American Express (NYSE:AXP)
KB Home (NYSE:KBH)
Acme Packet (NASDAQ:APKT) speculative (may be a turnaround - does NOT meet criteria)
ETFs: IWM, SMH, XHB, XLE, XLI, XLF
View the charts: