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Dow Challenging 13000, 7 Positions

Dow Challenging 13000, 7 Positions

02/28 8:30am

On Monday major indexes closed mixed on higher volume. Indicators are mixed / weakening and major indexes are stagnating at overhead resistance levels. Numerous leading stocks are EXTENDED and new candidates are difficult to find. Cimate is CAUTION. Anticipate pullbacks to occur near-term.

This morning, futures are pointing to a modestly 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)

Alexion (NASDAQ:ALXN) $85.97
Wynn Resorts (NASDAQ:WYNN) $118.89

Questor Pharm (QCOR) $39.02 (Buy #1)
Questor Pharm (QCOR) $38.92 (Buy #2)

Closely Monitoring:
Monster Bev. (NASDAQ:MNST)
Tractor Supply (NASDAQ:TSCO)
Nordstrom (NYSE:JWN)
Ross Stores (NASDAQ:ROST)
Chicago Bridge (NYSE:CBI)
Joy Global (NYSE:JOY)

View the charts:

Disclosure: I am long JAZZ, ALXN, WYNN, QCOR.