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Traders Waiting For Cliff Developments, 2 Positions

The market remains captive to news developments of the fiscal cliff. Positive news will most likely ignite a broad based rally. Focus on stocks close / meeting the criteria as they may be the 1st to gain ground if / when positive news develops. However, there are few candidates meeting the criteria. Safest to be on the sideline too eliminate risk.

This morning, futures are displaying a HIGHER opening.

Climate is
-
UPTREND UNDER PRESSURE (market direction governed by cliff news developments).

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

Selective Chartists Positions (with BUY price):  
Goldman Sachs (GS) $122.70 (Buy #1)
Goldman Sachs (GS) $122.70 (Buy #2)


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

Seagate (STX)
Watson Pharm. (WPI)
Akamai (AKAM)
Visa (V)
3D Sys (DDD)

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



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