06/16 8:30am
On Wednesday, stocks sold-off as Greek violence and European divides sent the dollar soaring. Weak U.S. factory data did not help.
All three indexes undercut their recent lows and erased previous gains and more of previous rally session. Volume rose sharply on both exchanges.
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
Lululemon (LULU) $93.18
Closely Monitoring:
Under Armour (NYSE:UA)
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
