The DIA, after making new all-time highs last week, continue to retrace as expected.
SPY, QQQ, and IWM are all neutral, putting us in a “selective mode” to only trade things which have great charts and are ignoring the broader markets. MDT was one today; CRM is another.
Below is a daily chart of salesforce.com, inc. (CRM).
Trade: Over $158.91, consider buying stock.
Technical Setup: Bullish engulfing Range Expansion Bar and Bottoming Tail on the r20-MA daily, bullish weekly and monthly.
Stop Loss: $153.32.
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Greg Capra
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Trading the Pristine Method — Origin and End
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