Pullbacks Needed To Rebuild Momentum
On Tuesday, major indexes closed mixed on mixed volume. Currently, many leading stocks remain extended and need further digestion of gains to rebuild momentum. Earnings continue to add to volatility. 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)