Earnings Season Adds Volatility
On Tuesday, major indexes pulled back to close modestly lower. Volume rose on both exchanges. Monitor closely as ideal pullbacks should occur on light volume. Earnings season has begun and adds volatility to the market. Numerous leading stocks remain in the extended category and need to digest gains. Focus on stocks meeting the CRITERIA - do NOT chase extended stocks.....
This morning, futures are displaying a MIXED opening.
Climate is - UPTREND
Focus on stocks meeting CRITERIA:
(Top candidates poised for higher levels near-term).
In general, BUY within 5% of Pivot, stop-loss 7% below buy price
Eli Lilly (LLY)