On Tuesday, stocks gapped down on a broad based sell-off triggered by European debt concerns. In the afternoon, stocks pared losses to close well above the lows of the session. Volume climbed on both exchanges.
After recent selling sessions, a snap-back rally is anticipated.
This morning, futures are displaying a HIGHER opening.
Currently, major indexes are BELOW 50 & 200dMA
Indicators are NEGATIVE suggesting lower levels may lie ahead near-term.
Climate is HIGH RISK....
Selective Chartists Positions (with BUY price):
Wynn Resorts (NASDAQ:WYNN) $144.69
Perrigo (NASDAQ:PRGO) $97.10
Dollar tree (NASDAQ:DLTR)
Las Vegas Sands (NYSE:LVS)
Dow 30 (NYSEARCA:DXD)
ProShares Short Dow 30 (NYSEARCA:DOG)
ProShares Short S&P 500 (NYSEARCA:SH)
SP 500 (NYSEARCA:SDS)
View the charts:
Major indexes BELOW 50 & 200dMA testing key support levels and strongest stocks close / meeting the CRITERIA.