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)
Trina Solar (NYSE:TSL)
Family Dollar (NYSE:FDO)
Companhia Siderugica (NYSE:SID)
Walter Ind. (NYSE:WLT)
ETFs: XLI, XLY, XLV, IBB, SPY, IVV, IWM, SMH
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Disclosure: Long 1 Position (subscribers only)