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Major Indexes Display Weakening Indicators

The NASDAQ and SP500 are trading below the 20dMA and displaying weakening RSI & MACD indicators. It is a difficult task for the market to rally with sustainability. There is no sector leadership and finding candidates meeting the CRITERIA is very difficult. Weakness in the overall market typically curbs gains of the strongest stocks and imposes a higher risk to reward ratio. Any holdings should apply tight stop limits (3 - 5%).

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.

Earnings dates are provided as holding into the news may add high volatility.

Alexion (ALXN)             04/24
AOL (AOL)                   05/06
Disney (DIS)                05/07
Visa (V)                      05/01
Home Depot (HD)         05/21
Ebay (EBAY)                04/18

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



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