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Ireland Debt Crisis Weighs On Stocks, 1 Position


Ireland Debt Crisis Weighs On Stocks, 1 Position

07/13     8:30am



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

  

Closely Monitoring: 

Coach (COH)

Costco (NASDAQ:COST)

Deckers (NASDAQ:DECK)

Diick's Sporting (NYSE:DKS)

Freeport McMoran (NYSE:FCX)

Nordstrom (NYSE:JWN)

Potash (POT)

Lululemon (NASDAQ:LULU)

Sina (NASDAQ:SINA)

Las Vegas Sands (NYSE:LVS)

 

ETFs:  NONE


View the charts:

Major indexes en route to test 50dMA and leading stocks close / meeting the CRITERIA. 

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


JM