Pullback Would Be Healthy, 5 Positions |
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. Pullbacks on light volume would be healthy to digest gains & rebuild momentum.
This morning, futures are pointing to a MIXED 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
PNC Financial (NYSE:PNC) $63.00
Closely Monitoring: (Stock Focus List 03/17)
View the charts:
Disclosure: I am long HLF, MNST, LULU, PNC.