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Stocks May Attempt Rally, 4 Positions

Stocks May Attempt Rally, 4 Positions

03/13 8:30am

On Monday, stocks ended the session mixed on low volume. Major indexes are trading at overhead resistance levels and finding difficulties producing robust gains. Pullbacks on light volume would be healthy to digest gains and rebuild momentum. Numerous leading stocks remain extended. However, some candidates close to / meeting the criteria are emerging. RSI for major indexes is POSITIVE suggesting stocks may stage a rally attempt near-term.

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):
Herbailfe (NYSE:HLF) $69.25 (Buy #1)
Herbalife (HLF) $69.99 (Buy #2)

Monster Bev. (NASDAQ:MNST) $59.17
Alexion (NYSE:ALEX) $87.24

Closely Monitoring:
Harley Davidson (NYSE:HOG)
Starbucks (NASDAQ:SBUX)
Lululemon (NASDAQ:LULU)
Brinker (NYSE:EAT)
McKesson (NYSE:MCK)

View the charts: New Version of StockCharts

Disclosure: I am long HLF, MNST, ALEX.