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

Stocks Due For Pullback, 8 Positions

Stocks Due For Pullback, 8 Positions

02/10 8:45am

RSI indicator for major indexes is 70 + suggesting EXTENDED / Overbought & Momentum (MACD) is weakening. Numerous leading stocks are displaying mixed indiators suggesting we may be ready for a pullback. Pullbacks on LIGHT volume would be healthy to digest gains & rebuild momentum. Be sure to employ stop-loss limits (Max. 7% from buy price which should be 5% within pivot point).

This morning, futures are pointing to a LOWER opening.

Focus is on stocks holding ABOVE 50 & 200dMA (meeting CRITERIA).

Selective Chartists Positions (with BUY price):

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

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

Apple (NASDAQ:AAPL) $492.00

Citirix (NASDAQ:CTXS) $71.02
Whole Foods (NASDAQ:WFM)$79.82

Closely Monitoring:

NVDIA (NASDAQ:NVDA)
Hartford Financial (NYSE:HIG)
Allergan (NYSE:AGN)
United Tech (NYSE:UTX)

McDonalds (NYSE:MCD)
Nordstrom (NYSE:JWN)
American Express (NYSE:AXP)
KB Home (NYSE:KBH)
Pulte (NYSE:PHM)
Altera (NASDAQ:ALTR)
Micron (NASDAQ:MU)
Apache (NYSE:APA)
Stone Energy (NYSE:SGY)
Advanced Auto Parts (NYSE:AAP)
Salesforce (NYSE:CRM)
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