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
(Top candidates poised for higher levels near-term).
In general, BUY within 5% of Pivot, stop-loss 7% below buy price
Whole Foods (WFM)
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Michael Kors (KORS)