Pullback Needed To Rebuild Momentum
On Thursday, major indexes posted gains on average volume. Numerous earnings are to be released over the next 2 weeks adding volatility to market action. Numerous leading stocks remain in the extended territory and need to digest gains. Focus on stocks meeting the CRITERIA - do NOT chase extended stocks.....
This morning, futures are displaying a MIXED 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
Goldman Sachs (GS)