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Major Indexes Testing 50 & 200dMA Crossover, 1 Position

|Includes:BA, BIDU, BUCY, CLF, FDO, Las Vegas Sands Corp. (LVS), PAY, UTX
07/30   @ 8:30am

On Thursday, stocks see-sawed through the session and ending closing lower. A technical negative for technicians is that volume rose confirming institutional selling. Major indexes have been finding difficulty in penetrating overhead resistance levels.

Major indexes are once again testing the 50 & 200dMA crossover.  trade below the crossover could trigger institutional selling. 

This morning, futures are pointing to a LOWER opening.

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


Selective Chartists Positions (with BUY price):  1 (subscribers only)


Closely Monitoring: 
Las Vegas Sands (NYSE:LVS)
Bidu (NASDAQ:BIDU)
Bucyrus (NASDAQ:BUCY)
Cliffs Natural (NYSE:CLF)
VeriFone (NYSE:PAY)
Family Dollar (NYSE:FDO)
Boeing (NYSE:BA)


ETFs:  None

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



Disclosure: 1 Position (subscribers only)
Stocks: LVS, BIDU, BUCY, CLF, PAY, FDO, BA, UTX