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Pullback In Progress, 100% CASH

On Wednesday, major indexes headed lower on rising volume (a technical negative). The decline was broad based and appears a pullback may be in progress. Recent sessions have produced stagnant action at multiyear levels. Indicators have been weakening and few leading stocks produced sustainable breakouts. Best to move to the sidelines to monitor the action and wait till digestion of gains and rebuilding of momentum occurs. Weakness in the market can curb gains of the strongest stocks imposing a
HIGH RISK climate.

Focus on stocks meeting the CRITERIA.  However, at this time, prudent to be 100% CASH.

This morning, futures are displaying a LOWER opening

Climate is
- UPTREND (but under pressure as pullback in progress)

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.

First Solar (FSLR)       (earnings 02/26)
Colgate (CL)              04/25
Pfizer (PFE)               June
Home Depot (HD)       02/26
Bank America (BAC)    04/15
Anheuser (BUD)          03/08
Comcast (CMCSA)       reported 02/12
Visa (V)                    reported 02/06
Lululemon (LULU)       03/17


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



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