On Thursday, major indexes lost ground but closed decisively higher from intra-day lows. Volume was average. Technical indicators for major indexes are signaling caution. RSI is extended & MACD is weakening suggesting pullbacks may occur near-term. Current holdings and new purchases should apply tight stop loss limits (3 - 5%) to protect from wide swings that could develop when the market begins to pullback. Focus on stocks meeting CRITERIA.

This morning, futures are displaying a modestly HIGHER opening.

Climate is - UPTREND 

CRITERIA:
http://www.selectivechartists.com/analysis/stock-report/selective-chartists-criteria

(Top candidates poised for higher levels near-term).
In general, BUY within 5% of Pivot, stop-loss 7% below buy price

Verizon (VZ)
Michael Kors (KORS)
3D Systems (DDD)
Bank America (BAC)
American Exp. (AXP)
Under Armour (UA)

View Charts:
http://stockcharts.com/public/1234064