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RSI & MACD Displaying CAUTION, 3 Positions

RSI & MACD Displaying CAUTION, 3 Positions

02/15 8:45am

On Tuesday stocks closed narrowly mixed after being whipsawed by Greek debt fears and soft U.S. retail sales. Volume rose across the board. Although stocks continue too move hgiher, be aware that RSI & MACD are displaying mixed signals injecting CAUTION to new purchases. 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 HIGHER opening.

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

Selective Chartists Positions (with BUY price):
Jazz Pharm (NASDAQ:JAZZ) $49.90 (Buy #1)
Jazz Pharm (JAZZ) $50.10 (Buy #2)
Jazz Pharm (JAZZ) $50.81 (Buy #3)

On Mon. SOLD AAPL & WFM to lock-in profits.
On Tue. SOLD ALXN, BioMarin & CTXS to lock-in profits

Closely Monitoring:
Dollar Tree (NASDAQ:DLTR)
Express Scripts (NASDAQ:ESRX)
Polaris (NYSE:PII)
Ultra Pharm (NASDAQ:ULTA)
Nordstrom (NYSE:JWN)
Under Armour (NYSE:UA)
Walgreen (WAG)
Devon Energy (NYSE:DVN)
Cabot OIl (NYSE:COG)

View the charts:


Disclosure: I am long JAZZ.