Difficult Finding Stocks Meeting CRITERIA
Recent sessions have posted gains for major indexes. However, technical indicators are showing signs that pullbacks may occur near-term. Only a few stocks are close / meeting the criteria. Volume has not been robust and the market is now very selective in finding candidiates for purchase considerations. 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 gains & rebuild momentum.
Focus on stocks meeting CRITERIA.
This morning, futures are displaying a modestly LOWER opening.
Climate is - UPTREND
(Top candidates poised for higher levels near-term).
In general, BUY within 5% of Pivot, stop-loss 7% below buy price
Michael Kors (KORS)
American Intl (AIG)