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)
Wynn Resorts (NASDAQ:WYNN)
Family Dollar (NYSE:FDO)
Companhia Siderugica (NYSE:SID)
NII Holdings (NASDAQ:NIHD)
Mobil Telesys (NYSE:MBT)
Cliffs Natural (NYSE:CLF)
ETFs: IWM, SMH, XLE, XLI
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Disclosure: Long 7 positions (subscribers only)