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Stocks May Attempt Rally, 5 Positions

On Wednesday major indexes closed higher on light pre-holiday volume. The Nasdaq ($COMPQ) rose for a 4th straight day in a row. The SP500 ($SPX) reclaimed the 200dMA. The market remains in correction mode and more work needs to be done in turning the technical indicators to a more favorable stance. Recent gains have produced a few candidates that are now meeting the CRITERIA. Be sure to place stops on any purchases / holdings.

This morning, futures are displaying a 
HIGHER opening

Climate is HIGH RISK
(in correction mode but oversold) 

Focus on stocks meeting CRITERIA:
http://www.selectivechartists.com/analysis/stock-report/selective-chartists-criteria/


Selective Chartists Positions (with BUY price):
Visa (V) $143.04

Home Depot (HD) $64.17 (Buy #1)
Home Depot (HD) $64.27 (Buy #2)

Sherwin Williams (SHW) $153.33
TJX (TJX) $43.77


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

Lululemon (LULU)
Harley Davidson (HOG)
Celgene (CELG)
PetSmart (PETM)
Dicks Sporting (DKS)
Expedia (EXPE)
Starbucks (SBUX)
Nike (NKE)
Biogen Idec (BIIB)


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


Inverse Funds:
Dow 30 (DXD)
ProShares Short Dow 30 (DOG)
ProShares Short S&P 500 (SH)
QQQ (QID)
SP 500 (SDS)



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