Stocks Set to Slide, 100% CASH
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
American Tower (NYSE:AMT)
Dollar General (NYSE:DG)
Ross Stores (NASDAQ:ROST)
Tractor Supply (NASDAQ:TSCO)
GNC Holdings (NYSE:GNC)
View the charts:
|Dow 30 (NYSEARCA:DXD)|
|ProShares Short Dow 30 (NYSEARCA:DOG)|
|ProShares Short S&P 500 (NYSEARCA:SH)|
|SP 500 (NYSEARCA:SDS)|