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Major Indexes Remain Indecisive

On Friday, ahead of a holiday weekend, major indexes closed basically unchanged on mixed volume. Major indexes are trading at 5 year highs and displaying stagnant action signaling pullbacks may occur near-term. Anticipate backing and filling with a TREND working higher. Orderly pullbacks are welcome to digest gains and rebuild momentum. Numerous leading stocks remain extended. As displayed below, there are only a few candidates close / meeting the criteria. It is a very selective market for purchase considerations. Any current or new purchases should apply a tight stop-loss (3 - 5%) to protect capital during pullbacks.

This morning, futures are displlaying 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.

Home Depot (HD)      (earnings 02/26)
Bank America (BAC)   04/15
Anheuser (BUD)         03/08
Comcast (CMCSA)      reported 02/12
Visa (V)                   reported 02/06


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



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