Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Stocks Slide On Higher Volume, 100% CASH

|Includes:AAPL, AMT, BIDU, BRK.A, BUCY, CAT, CLF, CMI, CREE, CRM, CRUS, CTSH, Deere & Company (DE), DVMT, FCX, FFIV, INTC, NTAP, WLT, X
07/22   @ 8:30am

On Wednesday, stocks see-sawed until afternnoon when remarks by Fed chairman Bernanke brought out the sellers. Volume rose across the board.  

Major indexes are BELOW the 50 & 200dMAs and are displaying a negative crossover.  RSI is testing the 50-centerline and MACD is signaling CAUTION.  

Numerous leading stocks are displaying negative chart patterns. It will take further strength to produce candidates for purchase considerations.

This morning, futures are pointing to a HIGHER opening. 

Focus is on stocks meeting the CRITERIA & setting stop-loss limits / trailing stops as stocks rise in price.  Of the 750 stocks monitored in the database, there are few candidates currently close to meeting the CRITERIA.

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

Closely Monitoring: 
Deere (NYSE:DE)
Freeport McMoran (NYSE:FCX)
American Tower (NYSE:AMT)
EMC (EMC)
Network Appliance (NASDAQ:NTAP)
Baidu (NASDAQ:BIDU)
Salesforce (NYSE:CRM)
F5 Networks (NASDAQ:FFIV)
Cirrus Logic (NASDAQ:CRUS)
Cree (NASDAQ:CREE)
Caterpillar (NYSE:CAT)
Intel (NASDAQ:INTC)
Cognizant Tech (NASDAQ:CTSH)
Cummins (NYSE:CMI)

Lubrizol (LZ)
Apple (NASDAQ:AAPL)
Bucyrus (NASDAQ:BUCY)
Cliffs Natural (NYSE:CLF)
Walter Ind. (NYSE:WLT)
US Steel (NYSE:X)

ETFs:  None

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



Disclosure: No Positions
Stocks: DE, FCX, AMT, DVMT, NTAP, BIDU, CRM, FFIV, CRUS, CREE, CAT, INTC, CTSH, CMI, BRK.A, AAPL, BUCY, CLF, WLT, X