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Major Indexes May Test 200dMA, 100% CASH


06/09   8:30am


On Thursday, stocks ended a long losing streak but on light volume.
 

The climate is HIGH CAUTION as major indexes are close to testing 200dMA
Trade below would be BEARISH for the market.

Focus is on stocks emerging from bases & above 50dMA.

This morning, futures are pointing to a LOWER opening.

 

Selective Chartists Positions (with BUY price):    None   100% CASH
 

Closely Monitoring:
Out of a database of 750 stocks, ) are meeting the criteria....

 
View the charts of major indexes BELOW 50dMA
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1563855


View CRITERIA:
http://www.selectivechartists.com/index.php?option=content&task=view&id=1843&Itemid=46