On Monday, stocks scored gains helped by Greece agreeing to measures needed to avoid default. Volume was light across the board. RSI indicator for major indexes is 70 + suggesting EXTENDED / Overbought & Momentum (MACD) is weakening. Numerous leading stocks are displaying mixed indicators 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 MIXED opening.
Focus is on stocks holding ABOVE 50 & 200dMA (meeting CRITERIA).
Selective Chartists Positions (with BUY price):
Citirix (NASDAQ:CTXS) $71.02
FYI: On Mon., SOLD AAPL & WFM to lock-in profits.
View the charts: