A Selective Market
On Thursday, major indexes once again closed higher on average volume. With many leading stocks extended, the market is very selective to find candidates meeting the criteria. Current holdings and new purchases should employ tight stops (3 - 5%).
This morning, futures are displaying a 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
Earnings dates are provided as holding into the news may add high volatility.
Bank America (BAC June
Ryland (RYL) June
Pulte (PHM) June
Bed Bath & Beyond June
Visa (V) June