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Stocks Decline On Growth Fears, 6 Positions

Stocks Decline On Growth Fears, 6 Positions

03/07 9:00am

On Tuesday, weak global economic data and renewed worries about a Greek debt default sparked biggest losses iin 2012. Volume rose across the board. The slide on Tue., has elevated technicians concerns that the broad based sell-off accompanied by high volume may be the start of something more. Cimate is HIGH CAUTION. The Jobs Report will be released on Fri., 8:30am EST and may be crucial for the market's direction near-term.

This morning, futures are pointing to a HIGER opening.

Focus is on stocks holding ABOVE 50 & 200dMA (meeting CRITERIA).

Selective Chartists Positions (with BUY price):
Jazz Pharm (NASDAQ:JAZZ) $49.90 (Buy #1)
Jazz Pharm (JAZZ) $50.10 (Buy #2)
Jazz Pharm (JAZZ) $50.81 (Buy #3)

Questor Pharm (QCOR) $39.02 (Buy #1)
Questor Pharm (QCOR) $38.92 (Buy #2)
Questor Pharm (QCOR) $39.78 (Buy #3)

Closely Monitoring:
Dollar Tree (NASDAQ:DLTR)
Monster Bev. (NASDAQ:MNST)
O'Reilly Autom (NASDAQ:ORLY)
Perrigo (NYSE:PRGO)
Ross Stores (NASDAQ:ROST)
Devon (NYSE:DVN)

View the charts:

Disclosure: I am long JAZZ, QCOR.