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Major Indexes Indicators Suggesting CAUTION

On Wednesday, major indexes posted gains on average volume. RSI for major indexes is edging upward to 70+ levels (70+ is considered technically overbought / extended). MACD is beginning to lose ground suggesting CAUTION. As stated in recent previous reports, many leading stocks are extended. Focus on stocks meeting CRITERIA.

This morning, futures are displaying a modestly MIXED 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

Whole Foods (WFM)
Home Depot (HD)
Disney (DIS)
Deere (DE)
Polaris (PII)
Chubb (CB)
Lowes (LOW)
McDonalds (MCD)
Michael Kors (KORS)
Colgate (CL)


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



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