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Major Indexes BREAKOUT, 7 Positions


10/06  @ 8:45am

On Tuesday, stocks staged a broad based rally on heavy volume (a strong techinical positive). Major indexes staged a BREAKOUT above respective overhead resistance levels. All indicators suggest higher levels may lie ahead.

Numerous leading stocks remain extended.  However, many new candidates meeting the CRITERIA have / are emergiing. 

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 (subscribers only)  
 

Closely Monitoring: 
Wynn Resorts (NASDAQ:WYNN)
Boeing (NYSE:BA)
Family Dollar (NYSE:FDO)
Companhia Siderugica (NYSE:SID)
Nordstrom (NYSE:JWN)
Broadcom (BRCM)
Microchip (NASDAQ:MCHP)
Manitowoc (NYSE:MTW)
Baidu (NASDAQ:BIDU)
Northrop (NYSE:NOC)
NII Holdings (NASDAQ:NIHD)
Mobil Telesys (NYSE:MBT)
Cliffs Natural (NYSE:CLF)
BEAerospace (BEAV)
Bucyrus (NASDAQ:BUCY)


ETFs:   IWM, SMH, XLE, XLI


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



Disclosure: Long 7 positions (subscribers only)