Focus On Stocks Above 20dMA, 100% CASH
On Wednesday, stocks traded in positive territory till mid-afternoon. Bernanke's speech took the wind out of the sail as major indexes gave up gains to close fractionally lower on mixed volume. Fiscal cliff concerns dominate the climate & direction of the market. Focus on stocks close / meeting the criteria as they may be the 1st to gain ground if / when positive news develops.
This morning, futures are displaying a MIXED opening.
Climate is - Confirmed UPTREND
Focus on stocks meeting CRITERIA:
http://www.selectivechartists.com/analysis/stock-report/selective-chartists-criteria
Selective Chartists Positions (with BUY price): NONE 100% CASH
Closely Monitoring:
(Top candidates poised for higher levels near-term).
In general, BUY within 5% of Pivot, stop-loss 7% below buy price.
American Intl (AIG)
Akamai (AKAM)
Visa (V)
Celgene (CELG)
Amgen (AMGN)
Lululemon (LULU)
Citigroup (C)
Cree (CREE)
3D Systems (DDD)
Starbucks (SBUX)
3M (MMM)
Google (GOOG)
View Charts:
http://stockcharts.com/public/1234064