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Indicators Weakening, 1 Position


03/10  8:30am

On Wednesday, major indexes see-sawed through the session and ended with modest losses on mixed volume.  Technical indicators have been weakening in recent sessions suggesting a pullback may occur near-term.  The indexes are close to testing the 50dMA. Trade below may trigger institutional selling.

 

This morning, futures are pointing to a LOWER opening for the major indexes. 

Focus is on stocks close to / meeting the CRITERIA.  The database of approx. 750 securities is producing few candidates for purchase considerations.  The current climate is curbing aggressive actions....


Selective Chartists Positions (with BUY price):  
Kunekt (OTCPK:KNKT) $1.99 Note:
This is a speculative purchase & does NOT meet the criteria. A long-term holding....


Closely Monitoring: 
Cognizant Tech (NASDAQ:CTSH)
Sina (NASDAQ:SINA)
Starbucks (NASDAQ:SBUX)
Citrix (NASDAQ:CTXS)
Lululemon (NASDAQ:LULU)
Danaher (NYSE:DHR)
JP Morgan (NYSE:JPM)


View the charts:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1563855
 
 

03/10  8:30am

On Wednesday, major indexes see-sawed through the session and ended with modest losses on mixed volume.  Technical indicators have been weakening in recent sessions suggesting a pullback may occur near-term.  The indexes are close to testing the 50dMA. Trade below may trigger institutional selling.

 

This morning, futures are pointing to a LOWER opening for the major indexes. 

Focus is on stocks close to / meeting the CRITERIA.  The database of approx. 750 securities is producing few candidates for purchase considerations.  The current climate is curbing aggressive actions....


Selective Chartists Positions (with BUY price):  
Kunekt (OTCPK:KNKT) $1.99 Note:
This is a speculative purchase & does NOT meet the criteria. A long-term holding....


Closely Monitoring: 
Cognizant Tech (CTSH)
Sina (SINA)
Starbucks (SBUX)
Citrix (CTXS)
Lululemon (LULU)
Danaher (DHR)
JP Morgan (JPM)


View the charts:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1563855
 
 

03/10  8:30am

On Wednesday, major indexes see-sawed through the session and ended with modest losses on mixed volume.  Technical indicators have been weakening in recent sessions suggesting a pullback may occur near-term.  The indexes are close to testing the 50dMA. Trade below may trigger institutional selling.

 

 

This morning, futures are pointing to a LOWER opening for the major indexes. 

Focus is on stocks close to / meeting the CRITERIA.  The database of approx. 750 securities is producing few candidates for purchase considerations.  The current climate is curbing aggressive actions....


Selective Chartists Positions (with BUY price):  
Kunekt (OTCPK:KNKT) $1.99 Note:
This is a speculative purchase & does NOT meet the criteria. A long-term holding....


Closely Monitoring: 
Cognizant Tech (CTSH)
Sina (SINA)
Starbucks (SBUX)
Citrix (CTXS)
Lululemon (LULU)
Danaher (DHR)
JP Morgan (JPM)


View the charts:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1563855