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Major Indexes In Tight Trading Range

On Thursday, major indexes closed mixed on mixed volume. Major indexes are trading at 5 year highs and displaying stagnant action signaling pullbacks may occur near-term. Anticipate backing and filling with a TREND working higher. Orderly pullbacks are welcome to digest gains and rebuild momentum. Numerous leading stocks remain extended. As displayed below, there are only a few candidates close / meeting the criteria. It is a very selective market for purchase considerations. Any current or new purchases should apply a tight stop-loss (3 - 5%) to protect capital during pullbacks

This morning, futures are displaying a MIXED opening.

Climate is


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

Home Depot (HD)      (earnings 02/26)
Bank America (BAC)   (04/15)
Anheuser (BUD)        (03/08)
Citigroup (C)             (04/15)
Comcast (CMCSA)
Gilead (GILD)
Target (TGT)            (02/27)

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