Subscitbe Now to Selective Chartists Today is:
Member Login
CAUTON - Major Indexes Need Pullback

Major indexes are at 5-year highs and beginning to display extended RSI & weakening MACD. Current holdings and new purchases should apply tight stop loss limits (3 - 5%) to protect from wide swings that could develop when the market begins to pullback.  Pullbacks would be healthy to digest recent gaiins & rebuild momentum.

Focus on stocks meeting CRITERIA.

This morning, futures are displaying a modestly LOWER opening.

Climate is


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

Note: Each of these stocks could use a pullback to digest gains & rebuild momentum.

Whole Foods (WFM)
Ross Stores (ROST)
Home Depot (HD)
Polaris (PII)
McDonalds (MCD)
Michael Kors (KORS)
Colgate (CL)
Costco (COST)
Anheuser (BUD)
Deckers (DECK)

View Charts:

Copyright 2017 Selective Chartists, LLC. All Rights Reserved.