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Anticipate Backing and Filling

On Monday, major indexes closed fractionally lower on lighter volume. With major indexes trading at 5 year highs, anticipate backing and filling with a TREND working higher. Orderly pullbacks are welcome to digest gains and rebuild momentum. Numerous leading stocks remain extended. Each test of 20dMA has been successfull. Focus on stocks meeting CRITERIA.   

This morning, futures are displaying a modestly HIGHER 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

Home Depot (HD)
Taiwan Semi (TSM)
Verizon (VZ)
Michael Kors (KORS)
3D Systems (DDD)
Bank America (BAC)
American Exp. (AXP)
Under Armour (UA)

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



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