On Wednesday, stocks declined on news of weak economic reports. Good news is the decline was on light volume. Overall, the action was predictable after numerous recent rally sessions. Many stocks need to consolidate to rebuild mmomentum.
Major indexes are ABOVE 50dMA & 200dMA, and testing near-term overhead resistance.
Focus is on stocks meeting the CRITERIA & setting stop-loss limits / trailing stops as stocks rise in price.
Selective Chartists Positions (with BUY price): 4
Las Vegas Sands (NYSE:LVS)
Cliffs Natural (NYSE:CLF)
Family Dollar (NYSE:FDO)
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Disclosure: 4 Positions (subscribers only)