Selective Chartists Positions (with BUY price):
Watson Pharm. (WPI)
Dow 30 (NYSEARCA:DXD)
ProShares Short Dow 30 (NYSEARCA:DOG)
ProShares Short S&P 500 (NYSEARCA:SH)
SP 500 (NYSEARCA:SDS)
View the charts:
Strongest stocks close / meeting the CRITERIA.
On Thursday, weak economic data from China and Europe, along with continued selling from the Fed's down beat outlook hammered stocks. Volume spiked. The majority of stocks are in a defined down-trend and appear to be heading lower. Technical indicators are decisively negative.
Major indexes remain below 50 & 200dMA signaling HIGH RISK climate.
This morning, futures are displaying a LOWER opening.