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
Valeant Pharm. (NYSE:VRX)
Las Vegas Sands (NYSE:LVS)
Wynn Resorts (NASDAQ:WYNN)
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Disclosure: No Positions