Strong Housing Starts May Initiate Rally
On Wednesday, major indexes closed mixed for a 2nd day in a row on lighter volume. This morning, better than expected housing starts has futures displaying a higher opening. 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.
This morning, futures are displaying a HIGHER 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)