03/15 8:45am pullbacks on light volume would be healthy to digest gains & rebuild momentum.
On Thursday, good Jobs data fueled the market to close higher on mixed volume. Major indexes are trading at 52-weeks highs. RSI indicator is beginning to approach 70 (70 + considered extended). However, MACD, volume, and internal indicators remain positive biased suggesting higher levels may lie ahead. Numerous stocks are close to / meeting the criteria. The TREND remains UP...
This morning, futures are pointing to a HIGHER opening.
Focus is on stocks holding ABOVE 50 & 200dMA (meeting CRITERIA).
Bed Bath & Beyond (NASDAQ:BBBY)
Dollar General (NYSE:DG)
State St. (NYSE:STT)
Bank Of America (NYSE:BAC)
Harley Davidson (NYSE:HOG)
Under Armour (NYSE:UA)
Goldman Sachs (NYSE:GS)
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