Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Job's Report May Ignite Rally, 5 Positions


Favorable Job's Report May Ignite Rally

08/05    8:30am


On Thursday, stocks sank to the lowest levels in more than 8 months. Volume rose across the board.

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


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


At this time, very few stocks are close to / meeting the CRITERIA.

The July Jobs Report released this morning was FAVORABLE and is prompting futures to suggest a HIGHER opening.




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 (NYSE:HLF) $59.57 (Buy #1)

Herbalife (HLF) $60.64 (Buy #2)


Closely Monitoring

Nu Skin (NYSE:NUS)

Tempur-Pedic (NYSE:TPX)


Lululemon (NASDAQ:LULU)

Polypore (NYSE:PPO)



ETFs:  None

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