On Thursday, stocks rallied in the morning but faded to broad losses ahead of Fri.'s Aug. jobs report. Volume fell across the board.This morning, a POOR jobs report is sinking stocks. Futures are showing a broad based decline to occur upom market opening.
Major indexes could be en route once again to test key support levels. Market weakness can pressure the strongest stocks....
Focus on stocks holding ABOVE the 50dMA and close to the pivot point (ideal buy price).
Selective Chartists Positions (with BUY price):
Las Vegs Sands (NYSE:LVS)
Under Armour (NYSE:UA)
Johnson & Johnson (NYSE:JNJ)