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Stocks Rebound On Jobs Data, 6 Positions

Stocks Rebound On Jobs Data, 6 Positions

03/08 8:30am

On Wednesday, stocks recouped some of Tue.'s losses on a strong gain in private payrolls and growing confidence that Greek debt concerns will avoid default. Good news is that the 3-day streak of losses has dimiinished numerous leaders to the 50dMA. Ultimately, there will be set-ups for entry close to pivot points for stocks close to / meeting the criteria. It is important to maintain a fresh list of candidates that may provide opportunities on further pullbacks. Climate is HIGH CAUTION. The Jobs Report will be released on Fri., 8:30am EST and may be crucial for the market's direction near-term.

This morning, futures are pointing to a HIGER 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)

Questor Pharm (QCOR) $39.02 (Buy #1)
Questor Pharm (QCOR) $38.92 (Buy #2)
Questor Pharm (QCOR) $39.78 (Buy #3)

Closely Monitoring:
Dollar Tree (NASDAQ:DLTR)
Monster Bev. (NASDAQ:MNST)
O'Reilly Autom (NASDAQ:ORLY)
Ross Stores (NASDAQ:ROST)
Devon (NYSE:DVN)

View the charts:

Disclosure: I am long JAZZ, QCOR.