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CERN, DECK, HLF

 

 
 
Stocks Remain in Correction

08/04    8:30am


On Wednesday, stocks dived in the morning, pared losses at mid-day then reversed to close higher. Volume iincreased on both exchanges. A 1-day occurane of closing higher does not erase the overall climate of the market.

Major indexes have formed and completed a "head and shoulders" pattern that is decisively negative.  M
ajor indexes are BELOW the 200dMA, suggesting lower levels lie ahead. Indicators are NEGATIVE.


We are in a corrective phase with anticipation of lower levels near-term.   


This morning, futures are pointing to a LOWER opening. At this time, very few stocks are close to / meeting the CRITERIA.




Selective Chartists Positions (with BUY price):   

Cerner (NASDAQ:CERN) $67.00

Deckers (NASDAQ:DECK) $102.69 (Buy #1)

Deckers (DECK) $104.99 (Buy #2)

Herbalife (HLB) $59.57 (Buy #1)

Herbalife (HLB) $60.64 (Buy #2)



Closely Monitoring

Nu Skin (NYSE:NUS)

Tempur-Pedic (NYSE:TPX)


Lululemon (NASDAQ:LULU)

CF Ind (NYSE:CF)

Polypore (NYSE:PPO)

Wynn Resorts (NASDAQ:WYNN)

Las Vegas Sands (NYSE:LVS)



ETFs:  None

Inverse Funds:      
Dow 30 (NYSE:DXD)      
ProShares Short Dow 30 (NYSE:DOG      
ProShares Short S&P 500 (NYSEARCA:SH      
QQQ (QID      
SP 500 (NYSEARCA:SDS) 

 

View the charts:

Major indexes BELOW 50 & 200dMA and leading stocks close / meeting the CRITERIA. 

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


 

08/04    8:30am


On Wednesday, stocks dived in the morning, pared losses at mid-day then reversed to close higher. Volume iincreased on both exchanges. A 1-day occurane of closing higher does not erase the overall climate of the market.

Major indexes have formed and completed a "head and shoulders" pattern that is decisively negative.  M
ajor indexes are BELOW the 200dMA, suggesting lower levels lie ahead. Indicators are NEGATIVE.


We are in a corrective phase with anticipation of lower levels near-term.   


This morning, futures are pointing to a LOWER opening. At this time, very few stocks are close to / meeting the CRITERIA.




Selective Chartists Positions (with BUY price):   

Cerner (CERN) $67.00

Deckers (DECK) $102.69 (Buy #1)

Deckers (DECK) $104.99 (Buy #2)

Herbalife (HLB) $59.57 (Buy #1)

Herbalife (HLB) $60.64 (Buy #2)



Closely Monitoring

Nu Skin (NUS)

Tempur-Pedic (TPX)


Lululemon (LULU)

CF Ind (CF)

Polypore (PPO)

Wynn Resorts (WYNN)

Las Vegas Sands (LVS)



ETFs:  None

Inverse Funds:      
Dow 30 (DXD)      
ProShares Short Dow 30 (DOG      
ProShares Short S&P 500 (SH      
QQQ (QID      
SP 500 (SDS) 

 

View the charts:

Major indexes BELOW 50 & 200dMA and leading stocks close / meeting the CRITERIA. 

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

 
Stocks Remain in Correction

08/04    8:30am


On Wednesday, stocks dived in the morning, pared losses at mid-day then reversed to close higher. Volume iincreased on both exchanges. A 1-day occurane of closing higher does not erase the overall climate of the market.

Major indexes have formed and completed a "head and shoulders" pattern that is decisively negative.  M
ajor indexes are BELOW the 200dMA, suggesting lower levels lie ahead. Indicators are NEGATIVE.


We are in a corrective phase with anticipation of lower levels near-term.   


This morning, futures are pointing to a LOWER opening. At this time, very few stocks are close to / meeting the CRITERIA.




Selective Chartists Positions (with BUY price):   

Cerner (CERN) $67.00

Deckers (DECK) $102.69 (Buy #1)

Deckers (DECK) $104.99 (Buy #2)

Herbalife (HLB) $59.57 (Buy #1)

Herbalife (HLB) $60.64 (Buy #2)



Closely Monitoring

Nu Skin (NUS)

Tempur-Pedic (TPX)


Lululemon (LULU)

CF Ind (CF)

Polypore (PPO)

Wynn Resorts (WYNN)

Las Vegas Sands (LVS)



ETFs:  None

Inverse Funds:      
Dow 30 (DXD)      
ProShares Short Dow 30 (DOG      
ProShares Short S&P 500 (SH      
QQQ (QID      
SP 500 (SDS) 

 

View the charts:

Major indexes BELOW 50 & 200dMA and leading stocks close / meeting the CRITERIA. 

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

 
Stocks Remain in Correction

08/04    8:30am


On Wednesday, stocks dived in the morning, pared losses at mid-day then reversed to close higher. Volume iincreased on both exchanges. A 1-day occurane of closing higher does not erase the overall climate of the market.

Major indexes have formed and completed a "head and shoulders" pattern that is decisively negative.  M
ajor indexes are BELOW the 200dMA, suggesting lower levels lie ahead. Indicators are NEGATIVE.


We are in a corrective phase with anticipation of lower levels near-term.   


This morning, futures are pointing to a LOWER opening. At this time, very few stocks are close to / meeting the CRITERIA.




Selective Chartists Positions (with BUY price):   

Cerner (CERN) $67.00

Deckers (DECK) $102.69 (Buy #1)

Deckers (DECK) $104.99 (Buy #2)

Herbalife (HLB) $59.57 (Buy #1)

Herbalife (HLB) $60.64 (Buy #2)



Closely Monitoring

Nu Skin (NUS)

Tempur-Pedic (TPX)


Lululemon (LULU)

CF Ind (CF)

Polypore (PPO)

Wynn Resorts (WYNN)

Las Vegas Sands (LVS)



ETFs:  None

Inverse Funds:      
Dow 30 (DXD)      
ProShares Short Dow 30 (DOG      
ProShares Short S&P 500 (SH      
QQQ (QID      
SP 500 (SDS) 

 

View the charts:

Major indexes BELOW 50 & 200dMA and leading stocks close / meeting the CRITERIA. 

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

 
Stocks Remain in Correction

08/04    8:30am


On Wednesday, stocks dived in the morning, pared losses at mid-day then reversed to close higher. Volume iincreased on both exchanges. A 1-day occurane of closing higher does not erase the overall climate of the market.

Major indexes have formed and completed a "head and shoulders" pattern that is decisively negative.  M
ajor indexes are BELOW the 200dMA, suggesting lower levels lie ahead. Indicators are NEGATIVE.


We are in a corrective phase with anticipation of lower levels near-term.   


This morning, futures are pointing to a LOWER opening. At this time, very few stocks are close to / meeting the CRITERIA.




Selective Chartists Positions (with BUY price):   

Cerner (CERN) $67.00

Deckers (DECK) $102.69 (Buy #1)

Deckers (DECK) $104.99 (Buy #2)

Herbalife (HLB) $59.57 (Buy #1)

Herbalife (HLB) $60.64 (Buy #2)



Closely Monitoring

Nu Skin (NUS)

Tempur-Pedic (TPX)


Lululemon (LULU)

CF Ind (CF)

Polypore (PPO)

Wynn Resorts (WYNN)

Las Vegas Sands (LVS)



ETFs:  None

Inverse Funds:      
Dow 30 (DXD)      
ProShares Short Dow 30 (DOG      
ProShares Short S&P 500 (SH      
QQQ (QID      
SP 500 (SDS) 

 

View the charts:

Major indexes BELOW 50 & 200dMA and leading stocks close / meeting the CRITERIA. 

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

 
 
Stocks Remain in Correction

08/04    8:30am


On Wednesday, stocks dived in the morning, pared losses at mid-day then reversed to close higher. Volume iincreased on both exchanges. A 1-day occurane of closing higher does not erase the overall climate of the market.

Major indexes have formed and completed a "head and shoulders" pattern that is decisively negative.  M
ajor indexes are BELOW the 200dMA, suggesting lower levels lie ahead. Indicators are NEGATIVE.


We are in a corrective phase with anticipation of lower levels near-term.   


This morning, futures are pointing to a LOWER opening. At this time, very few stocks are close to / meeting the CRITERIA.




Selective Chartists Positions (with BUY price):   

Cerner (CERN) $67.00

Deckers (DECK) $102.69 (Buy #1)

Deckers (DECK) $104.99 (Buy #2)

Herbalife (HLB) $59.57 (Buy #1)

Herbalife (HLB) $60.64 (Buy #2)



Closely Monitoring

Nu Skin (NUS)

Tempur-Pedic (TPX)


Lululemon (LULU)

CF Ind (CF)

Polypore (PPO)

Wynn Resorts (WYNN)

Las Vegas Sands (LVS)



ETFs:  None

Inverse Funds:      
Dow 30 (DXD)      
ProShares Short Dow 30 (DOG      
ProShares Short S&P 500 (SH      
QQQ (QID      
SP 500 (SDS) 

 

View the charts:

Major indexes BELOW 50 & 200dMA and leading stocks close / meeting the CRITERIA. 

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