Numerous Stocks EXTENDED
On Tuesday, stocks reversed in late afternoon ending near session highs. Major indexes are in an UP-TREND. Indicators are positive biased. Caution as many leading stocks are extended. Focus on stocks meeting CRITERIA.
This morning, futures are displaying a modestly LOWER 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
IBM (IBM)
Home Depot (HD)
Deere (DE)
Polaris (PII)
Alexion (ALXN)
Chubb (CB)
Lowes (LOW)
McDonalds (MCD)
Michael Kors (KORS)
Cabot (COG)
Colgate (CL)
View Charts:
http://stockcharts.com/public/1234064