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Major Indexes BELOW 200dMA, 100% CASH

06/24   @ 8:45am

On Wednesday, stocks ended mostly lower fueled by a weak housing report. Volume was mixed.

Major indexes are BELOW 200dMA  & displaying negative biased indicators - a technical negative.  

This morning, futures are pointing to a LOWER opening.

Current Climate is HIGH RISK and offers greater risk than reward.


Focus is on stocks meeting the CRITERIA & setting stop-loss limits / trailing stops as stocks rise in price.  Current climate is curbing purchase activity.


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


Closely Monitoring: 
Valeant Pharm. (NYSE:VRX)
Baidu (NASDAQ:BIDU)
Ctrip (NASDAQ:CTRP)
Broadcom (BRCM)
Las Vegas Sands (NYSE:LVS)
Wynn Resorts (NASDAQ:WYNN)
Caterpillar (NYSE:CAT)


ETFs:   None

View postings on StockCharts:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1563855

 



Disclosure: No Positions
Stocks: VRX, BIDU, CTRP, AVGO, LVS, WYNN, CAT