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Stocks Decline On Weak Economic Data, 1 Position

|Includes:AVGO, BA, BIDU, FDO, JWN, MCHP, MTW, SID, Wynn Resorts, Limited (WYNN)

10/05  @ 8:20am

On Monday, major indexes fell for the 3rd time in 4 sessions.  Volume fell on both exchanges.  Weak economic data was concerning for investors. 

Weakening indicators (RSI & MACD) for the major indexes are signaling near-term CAUTION.  Orderly pullbacks on light volume would be beneficial for stocks to digest recent gains and rebuild momentum. 

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: 
Wynn Resorts (NASDAQ:WYNN)
Boeing (NYSE:BA)
Family Dollar (NYSE:FDO)
Companhia Siderugica (NYSE:SID)
Nordstrom (NYSE:JWN)
Broadcom (BRCM)
Microchip (NASDAQ:MCHP)
Manitowoc (NYSE:MTW)
Baidu (NASDAQ:BIDU)

ETFs:
   IWM


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

Disclosure: Long 1 position (subscribers only)
Stocks: WYNN, BA, FDO, SID, JWN, AVGO, MCHP, MTW, BIDU