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Selective Chartists
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Selective Chartists identifies stocks that meet the CRITERIA. These stocks appear poised for higher levels in the near-term, as indicators are positive & strengthening. Regimented buy / sell rules is KEY... CRITERIA: Focus on 50 top-rated growth stocks ranked by Investors Business Daily... More
My company:
Selective Chartists
My book:
The ART Of The CHART - Knowing When and Why To Buy & Sell Stocks
  • Stocks Set To Slide, 100% CASH 0 comments
    May 9, 2012 9:08 AM

    Stocks Set to Slide, 100% CASH

    05/09 9:00am

    On Tuesday, stocks sold-off but attempted a weak rally late in the session. Major indexes posted losses on heavy volume. Eurozone worries continue to pressure global markets.

    Major indexes are BELOW 50dMA and indicators are NEGATIVE. Further weakness near-term is anticipated and the climate is HIGH CAUTION.

    This morning, futures are pointing to a LOWER opening.

    Focus on stocks meeting the CRITERIA.

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

    Closely Monitoring:
    Cerner (CERN)
    Apple (AAPL)
    Amgen (AMGN)
    Lululemon (LULU)
    Nike (NKE)
    CVS (CVS)
    American Tower (AMT)
    Dollar General (DG)
    Ross Stores (ROST)
    Tractor Supply (TSCO)
    GNC Holdings (GNC)

    View the charts:
    http://stockcharts.com/public/1234064/tenpp

    Inverse Funds:  
    Dow 30 (DXD)  
    ProShares Short Dow 30 (DOG)  
    ProShares Short S&P 500 (SH)  
    QQQ (QID)  
    SP 500 (SDS)

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