On Thursday, stocks gapped up at the open and continued to strengthen through the day closing at session highs. Volume was lighter from the previous session. Strong earnings reports and positive economic data fueld the rally.
Major indexes are now ABOVE 50dMA & testing 200dMA, a positive technical development. Recent rally sessions have improved internal technical indicators suggesting higher levels may lie ahead.
Numerous stocks are now candidates for purchase considerations as close to or meeting the CRITERIA.
This morning, futures are pointing to a HIGHER opening.
Focus is on stocks meeting the CRITERIA & setting stop-loss limits / trailing stops as stocks rise in price.
Selective Chartists Positions (with BUY price): NONE 100% CASH
However, purchases are anticipated to be made today...
Freeport McMoran (NYSE:FCX)
American Tower (NYSE:AMT)
Network Appliance (NASDAQ:NTAP)
F5 Networks (NASDAQ:FFIV) - may need pullback
Cliffs Natural (NYSE:CLF)
Walter Ind. (NYSE:WLT)
US Steel (NYSE:X)
United Postal (NYSE:UPS)
China Unicom (NYSE:CHU)
United Tech (NYSE:UTX)
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Disclosure: No Positions - anticipate purchases today...