Wall Street ends off lows, suggesting resilience – RSI picks 7 more today

Stocks edged lower on Monday on stalled Greek debt talks, but an afternoon rally cut losses in a sign of the underlying resilience the market has shown early in the year.

Major indexes had fallen more than 1 percent as negotiations between the Greek government and private bondholders over the restructuring of 200 billion Euros of debt failed to reach an agreement before the start of a summit of European leaders.

The Dow Jones industrial average .DJI dropped 6.74 points, or 0.05 percent, to 12,653.72. The Standard & Poor's 500 Index .SPX lost 3.31 points, or 0.25 percent, to 1,313.02. The Nasdaq Composite Index .IXIC fell 4.61 points, or 0.16 percent, to 2,811.94. (commentary & photo courtesy of Reuters)

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RSI’s picks today:

• Buy 119 shares iShares S&P MidCap 400 Value In (IJJ); Stop = -$8.34 Target = +$25.02 Volatility = 4.11%
• Buy 97 shares iShares Russell 2000 Growth (IWO); Stop = -$10.29 Target = +$30.87 Volatility = 4.54%
• Buy 104 shares iShares Russell Midcap Index Fu (IWR); Stop = -$9.52 Target = +$28.57 Volatility = 3.65%
• Buy 233 shares iShares S&P Global Energy Index (IXC); Stop = -$4.29 Target = +$12.86 Volatility = 4.35%
• Buy 110 shares Rydex S&P Midcap 400 Pure Growt (RFG); Stop = -$9.03 Target = +$27.08 Volatility = 4.27%
• Buy 112 shares Vanguard Small-Cap Growth ETF (VBK); Stop = -$8.91 Target = +$26.73 Volatility = 4.35%
• Buy 200 shares Vanguard Mid-Cap Value ETF (VOE); Stop = -$4.98 Target = +$14.93 Volatility = 3.66%

All these funds have turned in a strong showing throughout the recent market rally, I want to see if there is a dip ahead. Then I would look at these as buying candidates.