Stocks Pullback Digesting Gains
On Monday, stocks pulled back modestly on lighter volume. Orderly pullbacks are healthy for rebuilding momentum. Recent rally sessions have caused numerous leading stocks to become extended. Focus on stocks meeting the CRITERIA.
This morning, futures are displaying a MIXED opening.
Climate is - UPTREND
Focus on stocks meeting 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
Cerner (CERN)
Netflix (NFLX)
Stryker (SYK)
Alexion (ALXN)
Eli Lilly (LLY)
Gilead (GILD)
Deere (DE)
3M (MMM)
Qualcomm (QCOM)
Merck (MCK)
View Charts:
http://stockcharts.com/public/1234064