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Stocks Set To Open LOWER, 100% CASH


06/08   9:05am


On Tuesday, ,major indexes faded in the final hour closing near session lows. Volume was lighter on both exchanges.  

Stock purchases remain risky until the market confirms a new uptrend is underway.  Considerable work needs to be done
for indicators to turn around.   

The climate is HIGH CAUTION.  

Focus is on stocks emerging from bases & above 50dMA.

This morning, futures are pointing to a LOWER opening.

 

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

Closely Monitoring:
Out of a database of 750 stocks, 0 are meeting the criteria....


 
View the charts of major indexes BELOW 50dMA
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1563855


View CRITERIA:
http://www.selectivechartists.com/index.php?option=content&task=view&id=1843&Itemid=46