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Anticipate Snap-Back Rally, 100% CASH

Anticipate Snap-Back Rally, 100% CASH

08/09      8:45am


On Monday, stocks plunged following S & P's downgrade of U.S. debt. Selling was accompanied by heavy volume (a technical negative).

Indicators are decisively negative & BEARISH. Currently, major indexes are BELOW 50 & 200dMA.

This morning, futures are pointing to a HIGHER opening

After numerous selling sessions, we anticipate a snap-back rally. However, investors may possibly use any market strength to sell positions in an effort to offset losses.

Selective Chartists Positions
(with BUY price):  NONE   100% CASH 


Closely Monitoring:



Herbalife (NYSE:HLF)


Hansen Natural (HANS)

Priceline (PCLN)


 ETFs:  None


Inverse Funds:      

Dow 30 (NYSEARCA:DXD)      

ProShares Short Dow 30 (NYSEARCA:DOG)       

ProShares Short S&P 500 (NYSEARCA:SH)       




View the charts:

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