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Anticipate Snap-Back Rally, 2 Positions

|Includes: Perrigo Company (PRGO), WYNN
Anticipate Snap-Back Rally, 2 Positions

09/07      8:45am 

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


Closely Monitoring:




Hansen (HANS)

Dollar tree (NASDAQ:DLTR)

Deere (NYSE:DE)

Las Vegas Sands (NYSE:LVS)

Mosaic (NYSE:MOS)

Potash  (NYSE:POT)


Lululemon (NASDAQ:LULU)

Under Armour (NYSE:UA)

Baidu (NYSE:BID)

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 testing key support levels and strongest stocks close / meeting the CRITERIA.