Few Stocks Meeting Criteria - Pullback Needed
On Monday, stocks closed mixed on average volume. Recent rally sessions have extended numerous leading stocks that are now trading well above the pivot point (ideal buy price). The market is currently under pressure as earnings are adding to volatility and will continue to do so through next week. Focus on stocks meeting the CRITERIA - do NOT chase extended stocks.....
This morning, futures are displaying a LOWER opening.
Climate is - UPTREND
Focus on stocks meeting CRITERIA:
(Top candidates poised for higher levels near-term).
In general, BUY within 5% of Pivot, stop-loss 7% below buy price
CF Ind (CF)