Ireland Debt Crisis Weighs On Stocks, 1 Position
On Tuesday, a credit downgrade for Ireland triggered an afternoon sell-off. While overseas worries appear to be the main culprit on stocks, 2nd quarter earnings are adding to volatility.
Further weakness in the market could initiate a test of the 50dMA for the major indexes. It is critical to hold this benchmark as trade below may ignite institutional selling.
This morning, futures are pointing to a HIGHER opening.
Selective Chartists Positions (with BUY price):
Travelzoo (NASDAQ:TZOO) $76.24
View the charts:
Major indexes en route to test 50dMA and leading stocks close / meeting the CRITERIA.