On Wednesday, stocks gained ground fueled by positive economic data and earnings reports. Volume was mixed.
On Friday, the Jobs Report will be provided (8:30am EST) and will most likely influence near-term market direction. Anticipate sluggish see-saw movements prior to the report.
Major indexes are ABOVE 50 & 200dMA crossover and displaying positive indicators.
Focus is on stocks meeting the CRITERIA & setting stop-loss limits / trailing stops as stocks rise in price.
Selective Chartists Positions (with BUY price): 7
Cliffs Natural (NYSE:CLF) $58.46 (Buy #1)
Cliffs Natural (CLF) $60.64 (Buy #2)
Walter Ind. (NYSE:WLT) $75.40
Amazon (NASDAQ:AMZN) $126.45 (Buy #1)
Amazon (AMZN) $127.66 (Buy #2)
SanDisk (SNDK) $45.93
EMC (EMC) $20.97
KLA Tencor (NASDAQ:KLAC)
Bristol Myers (NYSE:BMY)
ETFs: XLE, IWM, XLV
View postings on StockCharts:
Disclosure: Long: CLF, AMZN, WLT, SNDK, EMC