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Stocks Set To Head HIGHER, 3 Positions

|Includes: A, Baidu, Inc. (BIDU), HON, MCHP, NVDA, UTX, WLT, WYNN, ZION

09/21  @ 8:10am


On Monday, stocks rallied and major indexes closed near session highs.  The major indexes staged a BREAKOUT above recent overhead resistance levels.  Volume was heavy.

Technical indicators are POSITIVE & strengthening suggesting higher levels may lie ahead.

This morning, futures are pointing to a HIGHER opening for the major indexes.
   

Major indexes are ABOVE 50dMA & 200dMA. The trend is UP.  However, near-term pullbacks are anticipated to digest recent gains & rebuild momentum.

Focus is on stocks meeting the CRITERIA & setting stop-loss limits / trailing stops as stocks rise in price.


Selective Chartists Positions (with BUY price): 3 (subscribers oonly)



Closely Monitoring: 
Baidu (NASDAQ:BIDU)
Honeywell (NYSE:HON)
United Tech (NYSE:UTX)
Wynn Resorts (NASDAQ:WYNN)
Walter Iind. (NYSE:WLT)
Zions (NASDAQ:ZION)
NVIDIA (NASDAQ:NVDA)
Agilent (NYSE:A)
Microchip (NASDAQ:MCHP)



ETFs:
  QQQQ, XLI, XLY, NDY, XLV, XLF, XLB, IBB, SPY, IVV, IWM

View postings on StockCharts:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1563855

Disclosure: Long: 3 positions (subscribers only)