James Taulman
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Futures Up – Many BreakOuts Looking Extended

The major averages finished well off of their lows yesterday.

Futures pointing to a higher open this morning.

We are looking for any indications to sell some of our previous breakouts and take some profits.

We have not seen much weakness, so what we can keep an eye on are our stocks which are getting extended from support and/or are at resistance.

Our previous TrendLine BreakOuts such as: AHS (P/L: +18.4%), DHR (P/L: +0.5%), HII (P/L: +11.1%), INCR (P/L:+13.9%), OLED (P/L: +9.4%), PRLB (P/L: +29.1%), SONC (P/L: +1.9%).

There is also...