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CAUTON - Major Indexes Need Pullback

Major indexes are at 5-year highs and beginning to display extended RSI & weakening MACD. Current holdings and new purchases should apply tight stop loss limits (3 - 5%) to protect from wide swings that could develop when the market begins to pullback.  Pullbacks would be healthy to digest recent gaiins & rebuild momentum.

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

Note: Each of these stocks could use a pullback to digest gains & rebuild momentum.

Whole Foods (WFM)
Ross Stores (ROST)
Home Depot (HD)
Polaris (PII)
McDonalds (MCD)
Michael Kors (KORS)
Colgate (CL)
Costco (COST)
Anheuser (BUD)
Deckers (DECK)

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



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