Stocks Post Gains On Rising Volume
On Thursday, major indexes posted gains on heavier volume across the board. Upbeat housing and labor data fueled the gains. Indicators for major indexes remain positive and suggest higher levels may lie ahead. However, caution should be applied as many leading stocks are extended.
This morning, futures are displaying a MIXED opening.
Climate is - UPTREND
Focus on stocks meeting 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
Polaris (PII)
Alexion (ALXN)
CF Ind (CF)
Qualcomm (QCOM)
Ebay (EBAY)
View Charts:
http://stockcharts.com/public/1234064