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Major Indexes HOLD 200dMA, 2 Positions

06/15   8:30am


On Tuesday, stocks and commodities rallied as U.S. retail sales and Chinese economic reports were viewd favorably.
However, volume was lighter and a dissapointment to technical analysts. The good news is that indexes found support
at the 200dMA. Will need to closely monitor near-term action to see if institutional sponsorpship may become present.

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):
Lululemon (NASDAQ:LULU) $91.86 
Lululemon (LULU) $88.91


Closely Monitoring:
Under Armour (NYSE:UA)
Sanofi (NYSE:SNY)
SAP (NYSE:SAP)
Mons(nto (NYSE:MON)
Nike (NYSE:NKE)


View the charts of major indexes TESTING 200dMA

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