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High Volatility Week - Economic Data, Jobs Report, 1 Position


10/04  @ 8:30am


Anticipate volatility this week as a slew of economic data and the monthly Jobs Report (Fri. 8:30am EST) will be released.

Major indexes are becoming stagnated as they test overhead resistance.  Weakening indicators (RSI & MACD) are signaling near-term CAUTION.  Pullbacks on light volume would be beneficial for stocks to digest recent gains and rebuild momentum. 

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

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


Selective Chartists Positions (with BUY price):   1 (subscribers only)
   

Closely Monitoring: 
Trina Solar (NYSE:TSL)
Boeing (NYSE:BA)
Family Dollar (NYSE:FDO)
Companhia Siderugica (NYSE:SID)
Nordstrom (NYSE:JWN)
Broadcom (BRCM)
Microchip (NASDAQ:MCHP)
Manitowoc (NYSE:MTW)
Honeywell (NYSE:HON)
Walter Ind. (NYSE:WLT)
Northrop (NYSE:NOC)
Baidu (NASDAQ:BIDU)

ETFs:
  XLI, XLY, XLV, IBB, SPY, IVV, IWM, SMH


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



Disclosure: Long 1 Position (subscribers only)